You can cry about how bad Australia is but it isn't happing here in the USA. My children and grand children are all making more money then I ever made and all doing just fine. All you need is a will to find a job and willing to work.
It is happening there,just as much as it is happening here, just not to you, right now.
And while some will always be able to find work. I have never been unemployed for more than a week since I was 12 for the exact reasons you stated. Others will not and when enough others are out there the economy collapses and the bottom 90% all end up in the poo.
It has taken 10 years of 0 and near 0 interest rates and trillions of borrowed dollars to get USA industry employing again.
Last year GM opened a new state of the art foundry , all financed out of various governement loans & grants and signalled the end of its world car programme and as we supplied nearly all of the alloy castings worldwide for GM , an exit from Australia where government interfearence has prevented any investment in higher productivity equipment. No bad feeling about this by the way the fault was with our governments idiot industry plan and party politics deliberatly trying to deunionize the workforce even it it means they end up on welfare.
Banks have been creating money out of thin air for decades with nothing to back it up which is why the WFC happened and will happen again because virtually nothing has changed.
The well educated elite, those with nepatistic benefits and some who will just do anything will always have jobs, However without value adding none of this creats wealth. Money yes, wealth no, there is a big difference.
An top attorney does not make $ 1,000,000 + a year. It gets transferred from elsewhere to them . Teachers do not make money it is transferred from somewhere else to them . Lawn & landscape companies do not make money, again it is mearely transferred from one pocket to another. I do not make money either, it is transferred from my customers to me. My landlord does, they grow produce and fatten cattle thus adding value to something even if that something is only short lived.
In order to hide the truth from Joe Public governments lie.
Currently the USA employment rate is the lowest it has been since 2000. But so is the productivity per capita and that is only after a subtle change in the definition of unemployed and productivity.
The cop who gave you a speeding ticket was not actually being productive and some one who worked 2 or more hours for a benefit in the past 14 days is hardly employed either.
We are currently trying to redefine "employed" so that our numbers will "truely" reflect the status of Australia camparred to the rest of the world as we still define a shift as being 4 hours of work .
So while the official unemployment rate in the USA is currenty 4.9 % which has gone down, the underemployment rate in the USA is currently 32% and rising.
The smart & strong will survive, but what of the say Veterians that are now quite ill but dennied the help they deserve, where do they find work ? let alone the 50% of the population with IQ's of 99 and under, people with a physical dissability who can be productive in low end jobs and would happily work making engines at Tecumseh, except Tecumseh have gone and the jobs have gone to China.