The collapse is already happening it’s just happening slowly.
We’ve offshored manufacturing, cut funding for education, have failed to invest in infrastructure.
We’ve offshored manufacturing, cut funding for education, have failed to invest in infrastructure.
https://www.macrotrends.net/global-metrics/countries/USA/uni...
Education funding per pupil has steadily increased year after year. Maybe we should spend even more, but our problems with bad educational outcomes are mostly due to other factors rather than a lack of money.
https://educationdata.org/public-education-spending-statisti...
https://www.axios.com/2021/06/17/automation-ai-income-inequa...
Even if we bring back all the manufacturing jobs we've lost, they represent fewer positions and automation will continue to be a downward force on wages.
[0] https://ifr.org/ifr-press-releases/news/global-robot-density...