The so-called technological advancements will only serve to exacerbate the problem (think Einstein.) In addition, in order to protect a way of thinking which has been ensconced for decades, the educational system will truly dig in for all they’re worth, which will only serve to exacerbate (I love that word) the problem.
Unfortunately, on this Labor Day, the direction for jobs is definitely downward. Thus, it’ll be fewer jobs at lower wages, and no amount of wishing, hoping — or even dramatic employee walkouts — can ever change that simple fact.
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Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect | Mike Shedlock