The Elite Overproduction Hypothesis

“There is something very odd about a society where the most talented people get all tracked toward the same elite colleges, where they end up studying the same small number of subjects and going into the same small number of careers… It’s very limiting for our society as well as for those students.”

Among educated Americans, however, I suspect there’s another factor at work: elite overproduction. In the 1990s and 2000s, smart young Americans were told that a college education was the ticket to a career that wasn’t just high-paying, but also deep, fulfilling, and meaningful. And even if that was true for the median college graduate, there were ... See more