Perhaps. But I think it is perfectly obvious there will be more supply for these jobs than demand, which means wages will go down.
IOW, somebody who in 2000 would have been able to command a salary providing for a middle-class lifestyle will quickly fall to minimum wage.
All this is of course vastly exaggerated and accelerated by our insane importation of more and more people who have few job skills.
So the problem is government and the elites. My belief is that productivity gains will change what “a middle-class lifestyle” will cost.
Right now American poor are the 1%ers of the world’s poor and even among the emerging countries’ middle class. Our poor live as well as or better than the middle class in France, Italy, Spain, and Portugal. They’re much better off than the working middle class anywhere outside of the OECD countries.
That’s due to the incredible economic engine of America. Despite all the problems, we’ll still have plenty if ingenuity and productivity are allowed to flourish.