This is a common story about the "prosperous" economy. A well-educated, well-paid software engineer is let go because his job was outsourced to a third-world plantation state, and perhaps loses his pension. He's forced to move in with relatives, and gets minimum-wage job as a security guard while struggling to pay off his student loan and car and save for his childrens' education. The job figures say he's still employed, but it's not the same at all. This widespread trend is why there's so much discontent with the "prosperous" economy.
that anecdote is mostly garbage