Population growth and the required workforce.
At least one of these numbers should be a constant number to check. But it goes completely unchecked.
The population is ALWAYS growing, it is inevitable and constant.
Required workforce reduces with increasing technology, over the past 10 years alone it has been reduced to one third of what it was. If proof you need look at your local grouchier store with no baggers and half full of self check out lanes. What the mainstream can't see is the manufacturing industry is equally reduced...from 3-6 workers per press/line down to 1-2 workers.
Technology creates new jobs true...but it does NOT create additional jobs which is what IS needed. In fact it compress's jobs by a factor of 3.
Eventually if not already the cost of living is going to HAVE to cover the unemployed as no employment CAN be created for ALL of them.
Minimum wage and cost of living.
Most think cost of living as just shelter and food nothing more. This thought is actually false to what is true. The cost of LEGAL and HEALTHFUL living is far greater:
This cost is for 1 single person and no dependents...add $200 per month per dependent.
Housing (mortgage/rent/home insurance) $400 and higher per month
Insurance (health - dental/life/medical) $300 and higher per month
Communication (phone/internet) $50 and higher per month
Housing Utilities (gas/electric/water/trash) $200 and higher per month
Transportation (auto insurance/gas/car payment/bus fare) $600/$200 and higher per month
Food $150 and higher per month
Total: $1,800/$1,400 and higher per month
Full time minimum wage take home is $900 and lower per month. Cost of living has FAR exceeded affordable to minimum wage by over 200%. Some people MUST support 4 people off this.
---------------To get the US out of debt, the cost of living must crash and crash hard to get it affordable to cover 4 people with 1 single full time minimum wage income.