I'm sort of failing to connect some pretty far spaced dots here. I understand and agree with most of his bullet points but don't follow them as necessarily a chained string of interactions. Innovation is tough because good ideas either get challenged legally or bought up and destroyed by larger companies. People are hesitant to take self employed careers because health care is prohibitively expensive and housing costs have risen so high many households can't afford for one of the income earners to go out and risk their financial future on a startup.
There's been a huge shift in income bands. The middle class shifted down to lower middle, and up to upper middle. The "true" middle shrunk. We wanted cheap replaceable shit from China to fill up our cheap built homes and our healthcare and other standards of living have become so prohibitively expensive that companies left expensive American labor behind and went north and south to Canada(GM and Chrysler) and Mexico (Ford, Cat and a pile of other manufacturing) to build their stuff.
