The decline of the Middle Class and the increasing income disparity is a symptom, not the cause of our decline. In the after WWII years, we didn't have a global economy and it was easy to find well paying jobs without a getting college degree. Globalization has changed all that. Nowadays, industry needs more highly skilled employees to compete in a more technology oriented global market and low skill jobs have been taken over by robots. On the other side of the equation, our public schools have not kept up with demand and the rest of the world, especially in mathematics and the sciences. College students have not tuned in on the high paying curricula. So unemployment among the technically skilled (i.e. engineers) is practically zero, because the graduation rates of engineers and technicians is far below demand.
Decline starts when our primary education is not keeping up with China, not with inequality of income.
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