> Apart from this being the entire point of globalization, the attitude that an academic degree alone is a guarantee to a good income is one of insane privilege

> Apart from this being the entire point of globalization, the attitude that an academic degree alone is a guarantee to a good income is one of insane privilege and entitlement. This is a take from someone that doesn't like that his humanities degree is worthless in a globalized Meritocracy. I think you completely missed the point that the authors were trying to make, which is that being in the top 10% of earners isn't as "secure" as you might think, you could easily fall out of that position, and almost everyone would benefit from a strong social safety net. This is as true in China as it is in the UK or the US.