Yeah, I get that impression too. 

Particularly frustrating that there are entire industries which we haven't bothered to expand. Financial services is, IIRC, the biggest sector in our economy, which is hardly going to absorb the millions of underskilled unemployed. We seem to have skipped directly from developing (mining and agriculture) to developed (services) industries without the intermediate step of manufacturing and trades, leaving millions unemployed in the process and a growing trade deficit.

My 2 cents. Not an expert