![]() The number of working-age Americans who aren’t in the workforce has surged to a record 95 million. ![]() labor force participation rate is now at only 62.9 percent, a rate below that of nearly all other industrialized economies and about the same as that of El Salvador and the Ukraine. Between 2.2 and 3.1 million car, bus, and truck driving jobs in the United States will be eliminated by the advent of self-driving vehicles. The Obama White House published a report in December 2016 that predicted 83 percent of jobs where people make less than $20 per hour will be subject to automation or replacement. It loves getting things done in the most cost-effective way possible. ![]() The market rewards business leaders for making things more efficient. Right now some of the smartest people in the country are trying to figure out how to replace you with an overseas worker, a cheaper version of you, or, increasingly, a widget, software program, or robot. Seventy percent of Americans consider themselves part of the middle class. ![]()
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