Entrepreneurship is the reason that our lives are objectively better today than they were in 1950, even though we have more income inequality (and middle class wages have stagnated).
No matter what pessimists say, I'd rather earn $30,000/year in 2023 than $100,000/year in 1953. In other words, I'd rather be poor today than rich 70 years ago.
No amount of money in 1953 buys what a poor person can purchase today (high speed Wifi, Netflix, the existence of smartphones and laptops, Roomba, LED tv's, central air conditioning, safer vehicles with air bags, Youtube, Instagram, etc).
No economic algorithms accurately measure the most important metric: our standard of living.
We have entrepreneurs to thank for that, not government.