Yes, there needs to be some sort of balance. We had that balance in the 1950s and 1960s, when the economy was doing great WHILE corporate regulation was strong and corporate/wealthy taxes were high AND worker wages were fantastic. The working class did just awesome in the 1960s, especially when Kennedy/Johnson were president. Minimum wage and average wage were both much higher than they are today.
That was also the stage in US history that the population in general was happiest and had the lowest incidence of mental health issues, FWIW.
Every since corporate deregulation and tax breaks for the wealthy became a huge thing in the 1980s, the state of working-class people has been stagnating or dropping while the profits of the top 1%, top 0.1%, and top 0.01% have been shooting through the roof.
I suggest you read Larry Bartel's "Unequal Democracy" for a run-down of take-home income from the late 1940s through the mid-2000s. He tracks who made what kinds of incomes at different times, and how the economy was doing during those times. The crazy thing is that from 2006 (the end of his data) through 2015, the situation has only multiplied.