Even with the recent strong economy, many Americans are struggling—ex-Fed chair Janet Yellen explains why

"People with more education and skill are benefiting from the tech. They're getting ahead," she said.Few opportunities for workers without higher education

Take a major metro such as Detroit, for example: About 42% of all workers hold low-wage jobs, and the median hourly wage is $9.94 per hour, reportsAcross the U.S., 53 million people, or 44% of all workers ages 18 to 64, are considered low-wage employees, according to aIn addition to technology changing the workforce, Yellen said globalization and trade have also put the squeeze on middle-income Americans.

Yellen also argues the U.S. needs to deal with the issues that are most pressing to its citizens: health care and cost of housing. Policymakers need to pay particular attention to localities where there are a lot of open jobs, yetAnd the importance of investing in education cannot be overstated.

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