Globalization and technological advances began to reverse the growth of the middle class. The manufacturing base in the United States changed, as good-paying jobs in factories and heavy industries went overseas to lower-paying markets and labor unions lost much of their ability to bargain for high wages and good benefits. Later, white-collar jobs from accounting and data entry to reading medical images and answering telephones in call centers were also sent offshore. Many jobs that remained in the U.S. were eliminated by computers and other technological advancements that increased productivity.
America will live through the crisis. It’s more flexible than other countries and will be able to re-adapt more easily. The collapse of the Western civilization and the end of the world as we know it will force all of us to change. Those who are smart won’t be too squeamish to study Kabbalah, and they will suffer less and recover faster.