What coalitions between wage earners, consumers, borrowers and shareholders?

Since the second half of the 1990s, OECD economies have been characterised by the skewing of income distribution against wage earners. This trend actually results from the formation of a coalition between consumers, borrowers and shareholders, whose interests have aligned , as the skewing of income distribution against wage earners is: Good for shareholders, by increasing corporate profitability and the return on equity ; Good for consumers, by driving down prices thanks to low wage growth; Good for borrowers, as low inflation has led to low interest rates. There is a widely shared desire today for economic settings to be more favourable to wage earners. But it is important to understand that: This will be bad not only for shareholders, but also for consumers and borrowers; All wage earners will be caught between the desire for higher wages but also fear of higher prices and interest rates and, if they are shareholders, lower share prices. The current equilibrium is robust because of the solidity of the coalition between the three parties: consumers, shareholders and borrowers.