The United States lost one third of its factory jobs in the past
decade as jobs were outsourced offshore, mostly to Asia. Jobs that
require a college degree are next to go. China will award six times
as many degrees this year as they did ten years ago and any job
that can be digitized will be 'tradable'. Estimates of the number
of vulnerable jobs range from a low 11 million to a staggering 56
million 'middle class' jobs. The median United States household
income has already dropped by seven percent since 2000 and without
dramatic changes in the American workforce that trend will become a
disaster for middle class Americans.
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