Alana Semuels reports on a disturbing element in a forecast for the California economy. According to Edward Leamer, director of the UCLA Anderson Forecast:

If you have nothing to offer the job market that cannot be supplied better and cheaper by Robots, Far-away Foreigners, Recent Immigrants or Microprocessors, expect it to be exceedingly difficult to find the job to which you aspire, and plan on doing low-wage service work at the end of a long and painful road of diminished aspirations, no matter what your diploma may suggest.

(Hat tip: Alex Balk)

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