For a conservative/right-wing take on the same subject, check out Frank Buckley's The Way Back : Restoring the Promise of America or a short-form version in Hillsdale College's Imprimis titled "Restoring America's Economic Mobility" (Sept 2016, Vol 45, No 9), where it can also be downloaded in PDF format (142KB).

It's uncanny how close Buckley and Chomsky in their analyses of the American Dream. (I love the term "right-wing Marxist".)

It doesn't hurt that Buckley also uses Canada as the example to follow in recouping the loss.