There are multiple factors addressed in the links I posted, loss of manufacturing jobs, employment opportunities, job quality, etc. I think you are getting hung up on semantics, when I made a fairly general statement, which might have been a little too broad but I don't feel it is an incorrect generalization about the current situation in many Western countries.
Speaking from my experience (note, I'm not even from the US, I'm from Canada) what I said appears to hold true, for example just the other week our finance minister told people get used to the job churn as the employment field has entirely changed. Recent graduates aren't able to pay off their student loans either, and the government as of today (November 1st) is issuing student loan payment halts on incomes below 25,000. On top of that the housing market in Canada is going insane, prices skyrocketing in multiple major cities for detached housing, while interest rates and growth is stagnate. If that's not a sign that things are getting worse, I'm not sure what is. As far as I can tell the news in other Western parts of the world is just as bad.