Our employment story started in 2000 when college graduates got signing bonuses for IT jobs and one I know got a manager job of internet even she could not spell 'internet'.
It went downhill from then. It is mainly due to the
ever-ending wars. Check out my Consumption and Investing theory (war
expense vs building a bridge for example). The government policy does
not help. NASA is pretty much dissolved except an amusement park (pretty
amused?). We are supposed to encourage science and technology but I know two PhDs in
rocket science still unemployed.