[quote=no_such_reality][quote=The-Shoveler]
Really do you just think it would be like Mad Max or something?[/quote]
No, I think it’s going to look a lot more like Caracas now or Rio of 20 years ago.
As for STEM degrees, well, that’s going to be our biggest failing. First we don’t train enough, second, we’re shipping all the junior roles out.
It’s really hard to get to be one of the thinkers that knows how things work, if you haven’t really had a good chance at learning the ropes. Those ropes learning jobs even in STEM are getting rarer.[/quote]
Well maybe and flu makes good points as well, but you are still going to end up with the top 15% being what we would call middle class.
Me I think we will end up with something like what Israel/UK and most of the EU has.
Minimum wage a lot closer to a living wage (say $15 an hour) (call it welfare , call it subsidized call it what you want).
The rest mostly the same,
The Top 15% or so living good, 50% able to survive OK (based on higher minimum wage) .
