Since 1970 high paying manufacturing job decline has been the story.
Retail jobs of low wages (Sears, KMart, Macys, Kohls, most malls) is now the story.
How many jobs does Amazon create?
How many jobs will IOT-Internet Of Things (Softbank) create?
Eventually there will be a minimum salary for everyone as jobs go away. $40k? $60k? I don’t know and it might not be for another 20+ years. But it will happen by force if necessary as everyone is tired of sub $1k per month jobs.