The problem with this is the bulk of the American working class wont stand for this over a period of time. Sooner or later, as long as these trends persist, the rank and file in the US will vote in polictians that will vow to protect them, and not only this means trad barriers, but a social democracy cradle to grave programs such as socialised health care. Like it or not, the period between 45 and the 70s is what Americans will allways compare their financial situation to.
Sounds like the same refrain we heard from those lamenting the loss of the "family farm". We changed from an agricultural society to an industrial society. We can transform from an industrial society to whatever is next without a left turn.