This Washington Monthly article points to an issue I have been screaming about for a decade. The real reason there are no jobs is corporate consolidation brought on by "weak anti-trust enforcement in Washington. They say that industries from banking to retail to microchips are now so dominated by a few firms that small businesses (the source of most jobs) cannot thrive and challenge the behemoths. The result is a less innovative and dynamic economy.
If this argument is right then as an American government we need to start enforcing anti-trust laws, something that vanished beginning under Reagan, but Clinton even more so in my opinion, brought on by globalization. It is going to be a long road.