Let us face it. The world population is increasing because new babies are being born every single day. This is especially true among third world countries where proper birth control is not in place.
So that means that the world is getting filled up with more people but it seems that agricultural production is decreasing and good paying jobs are getting scarcer. The most that are affected are in the management position. With companies closing down, those in management jobs are at greater risk of not being able to work. When workers get displaced, it is easier to find blue collar jobs that are not well paying, but at least, it could give them income to feed themselves. But if you are a manager, it would be hard for a person in your position to work in a rank that is so much lower than what you originally had.
We can just hope for better days ahead not only for ourselves but for everyone else in the world.