His remarks immediately collided with a broader body of economic data that suggests the picture remains far more complicated. Bessent Says Lower-Income Workers Are Catching UpSpeaking during CNBC's Squawk Box, Bessent argued recent labour market data showed a meaningful shift. 'I can say here definitively, the K-shaped economy is over,' he said. His comments quickly attracted attention as searches for 'Scott Bessent economic gap comments' surged on Google Trends across the United States. However, economists generally caution against declaring the trend finished based on wage growth alone, pointing instead to broader measures of household wealth, spending behaviour and financial resilience.