Still with the Supply-Side voodoo?
What, Neutron Jack, Jr. can't depress salaries quickly enough?
And when we Yanks say "education" we mean "training." Not well-rounded, well-read with in-depth knowledge, but well trained in using the latest tools. Classical language, literature -- you know, the stuff you folks on the other side of the pond think (thought?) important -- not so important here.
Sorry, but the education system over here is rotting because teachers can't live on the salaries. Industry is collapsing because the most-recent-quarterly-profit hucksters have gutted the production infrastructure. And young people see how the industry values its workers.
Are these generalizations? Yes. Not every business whores itself to Wall Street, but the lion's share is going to the pigs. And these leaders are correct: it is not sustainable. They should know as they are the ones pushing it into the sea.