When I was young, a unskilled laborer's child had access to the same or similar quality schools as I did (although I had much bigger advantages in culture by having educated parents). Today, the working poor in the US are often "richer" in shallow ways - they can buy a smartphone and a big TV - but they are less able than ever to afford a good education for their kids, usually because they simply cannot afford a home in a good school district.
I think the next decade is going to be tough for most people including the highly educated.
I would like to stem the flow of jobs drifting overseas, but don't feel confident. Programmers, even the ones with degrees are going to be hit hard. There's not to many white collar professions a hungry, intelligent person in another country could not master over the Internet--more easily than programming, and website developement?
I hope this TPP is not as bad as it seems? I sometimes think Obama knew the party was over? I saw the desperation in his face when he felt he couldn't convince Americans they need health insurance. He knew the president really couldn't change the economy, but he knew we needed health coverage. (Coverage that would protect the family home from hospital litigators--if an uninsured family member got sick).
I wish us well, but am scared. I do wish Bush let the banks fail. That cd with .1 percent is frighting. These low rates helped the economy, but really hurt guys like me. Guys who couldn't gamble in stocks.
I am giving Obama the benefit of the doubt on this trade agreement. If it's as bad as some say; Trump might have a shot at president if he is serious about his reversing the trade imbalance, and bring America back to a manufacturing Country?
On the minimum wage; I feel Obama sees the writing on the wall--the future will be bleak. The rich will have disposable income. The rich will still need to eat, buy, and hire security guards, etc. There will be great inflation. Why not get ahead of the game and raise the minimum wage? It might help out the majority(including the educated, whom don't come from benevolent wealthy families) get a little bit ahead?
I wish I moved to France in the late 80's. I had a shot, but was afraid.
Trump is no friend of the working man/woman and has 0% of being president.
Then we are going to have this weird culture where the people serving you food have college degrees and are desperately trying to pay off student loans. Meanwhile everyone else will think they can just make a startup or small business to survive but there will be so many copycats the customer base will be too fractured.
We better discover nearly free power soon or things are going to get ugly for the 98% in the next decade.