A new form of feudalism in which wealth is going to be concentrated in the hands of a tiny minority of ultra rich people surrounded by a vast horde of poor people. Many of whom would have been classified as middle class before but now their standards of living have collapsed and they are forced to live hand to mouth and work 5 jobs and barely scrape by.
The economy has already collapsed. These days you need a bachelors degree to apply for jobs that don’t need them. That’s how crazy it is. At one time one paycheck took care of a family, bought a house, two cars and a two week vacation to the Grand Canyon or Florida. Today you need $75,000 to rent an one bedroom apartment across the country.
Most average homes in multiple cities where the jobs are in the neighborhood of $1 million dollars. I am not looking at locations where there is like 9 people living in 20 square miles and there is more deer and antelope than people.