That's a gross understatement. The US has become an economy that shuns labor. We willingly sent much of the labor-intense work to Asia. That left us with a "service economy". But that is not sustainable with half the population mixing drinks for the other half, especially when so many of those consumers make their livings moving papers around, and not actually adding anything of value.
The only way we have been able to retain a somewhat affluent status as a nation is the fact that most of the technology innovation from 1900 through 1980 originated in the US. And even though the manufacturing of tech goods long ago moved offshore, we at least had advantages as the inventors of these technologies.
Wake up call: The US is not leading in tech innovation any more. We see this most clearly in the new energy space, where China is clearly leading by a wide margin in battery tech, and has a clear lead in EVs and solar panels. We are already on a declining course because Republicans have fought new energy every step of the way. We still have leads in pharmaceuticals, but Trump's actions will obliterate that, leaving us mostly with dead-weight paper pushers.
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