Hardly, 99% of the population can be worse off with a sufficiently uneven distribution despite 2x GDP growth. Read up on countries hit by the “resource curse” where dictators suddenly don’t care about the productivity of most of their citizens.
Also, extremely uneven economic distributions tend to be bad for large segments of the population due to inherently limited resources like desirable beach front property as well as artificially limited resources like city apartments.
Also, extremely uneven economic distributions tend to be bad for large segments of the population due to inherently limited resources like desirable beach front property as well as artificially limited resources like city apartments.