
Saved by Stuart Evans and
The Elite Overproduction Hypothesis
Saved by Stuart Evans and
We are running up against a fundamental limit both in terms of the capabilities of the people being herded into colleges and the number of high-skill jobs that will be available for them if they manage to graduate. The problem is that the skills ladder is not really a ladder at all: it is a pyramid, and there is only so much room at the top.
The result is that new college graduates have increasingly been forced into relatively unskilled jobs—often displacing nongraduates in the process.