Seems to me that the "elephant in the room" few people are willing to look at is the extent to which AI and automation will be replacing human jobs over the next 2-3 decades. Yes, you are absolutely right that there are "lost" generations who will struggle to find jobs, but beyond that the entire face of working is going to be changing, as we reach a point where we simply don't need as many able-bodied workers to do things, as there are people. And yet we all have to somehow be able to "get funding" so we can acquire the goods and services being produced (by machines) for us. It's an equation it seems like few have an answer to, and conventional economists are not willing to look at because it renders their entire paradigm invalid.
Posted Using LeoFinance Beta