We in the west are becoming ever richer as a society; material wealth beyond the dreams of our ancestors lies at our feet. The low skilled have a quality of life that the kings and queens of France would have killed for. Where once 90% of us had to till the soil in order for us to eat, now only a tiny fraction of society truly "needs" to work in order for us all to achieve unprecedented material wealth. Where once the poorest among us starved, now they have iPhones.
...and this is terrible.
Look, this may be right, but that's an awfully big jump that needs some explaining. And while we're at it, maybe a little more attention on why it would be possible or desirable for everyone to have a computer science degree would be nice. A lot of people would suggest that we're already in the middle of a massive education bubble, and that with the possible exception of some STEM fields, we have too many people going to university.
But the biggest problem is that there is a fundamental disconnect between "we're getting richer and more productive" and "the poor are going to starve to death". The "managed decline" section of the post seems particular confused; it can't seem to decide if we're all getting richer or not. If we can't afford welfare, then we clearly aren't - but it was the process of getting richer that was meant to lead to an employment crisis. The implicit model behind this post appears wildly inconsistent, to put it mildly.