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I believe that the article is spot on. The problem facing the developed world today is that there are only so many productive skill sets. I have a BSc in Math.
by fnbr 10y ago
I believe that the article is spot on. The problem facing the developed world today is that there are only so many productive skill sets. I have a BSc in Math. There's very little value [1] in someone who has a math degree with poor grades- there is a lot of value in someone with a STEM degree who understands the material, but there is very little, even negative, value in someone who does not.
Consider a poor mathematician- an inaccurate mathematical model is often worse than not having any model. Or consider a typical software engineer- if one team member is particularly bad at writing code, they can drag down the entire product they work on.
As a result, I find it difficult to believe that there will be jobs for everyone. Certainly it's possible, but for whatever reason, my experience has been that there are very few people who try to learn the subject that they're interested in well, and instead, a majority of people who do so poorly.
[1] Where value is defined in the economic sense- the amount of additional output that that person creates. This is arguably a terrible definition of value.