There is an ongoing monopolization trend of the entire world's economy, there is the recent phenomenon of overwhelming regulation of every market, there is an ongoing experiment of monetary distortion of markets to a level far higher than anything ever done before. Not to talk about bare corruption, that I suspect is at never seen before levels, due to large governments everywhere.

People are way too quick on pointing their fingers at automation and globalization. There is some evidence against those being the main cause of the current lack of low qualification jobs (that is worldwide, by the way).