The Fed’s job has changed from stabling banking in 1913 to promoting means for the government to borrow money at low cost .i.e low interest rates which is creating a sovereign debt bubble (related to monetary policy) that will implode either slightly before or slightly after 2020

I wrote about this effect in my economics thesis in 1965 and the bottom is that you have to look at the distribution of IQ/Education and the shift has been away from the jobs in the average range of IQ/Education into the upper ranges i.e. from labor to tech jobs. What this means as the shift continues is very simple there will be fewer and fewer people ABLE to do the jobs that are created.

More lower paying jobs than in the past with higher taxes, more expensive energy and food health care and school leaves less money for anything else.