3 ms·
Turchin (not in the linked article, but elsewhere[0]) explicitly refers to rise in number of underemployed graduates as a trigger for the creation of a counter-
by yyyk 6y ago
Turchin (not in the linked article, but elsewhere[0]) explicitly refers to rise in number of underemployed graduates as a trigger for the creation of a counter-Elite.
[0] http://peterturchin.com/cliodynamica/the-storming-of-the-u-s-capitol/ http://peterturchin.com/cliodynamica/the-storming-of-the-u-s...
"Elite overproduction, and especially overproduction of the youth with advanced degrees, continues unabated. Our institutions of higher education have been churning out law, MBA, and PhD degrees, many more than could be absorbed by the economy. In a Bloomberg View article published just a few days ago Noah Smith provides the numbers for the overproduction of PhDs (America Is Pumping Out Too Many Ph.D.s)."