I think that what has been happening for the past 30 years is just becoming more visible. Over-investment in technology in the 90's and housing in the 2000's helped mask the underlying structural changes that are occurring in American work-life.

We are seeing a clear fracturing. For the smart and ambitious, times are good and will stay good. The super-smart and super-ambituous now have a worldwide playground to treat as their oyster. But it is a different story for the commoner, if I can borrow and perhaps misuse an English term.

Economic security for people who punch clocks, metaphorical or not, is diminishing and will continue to diminish. Technological advances, globalization, and their cohorts have conspired to make the work of most Americans relatively less valuable. There is no easy fix, and there may be no fix, but it presents interesting public policy challenges.