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> creating large minorities of disenfranchised. That's called "elite overproduction". Too many people going to college when the jobs aren't there. In the US, a
by Animats 24d ago
> creating large minorities of disenfranchised.
That's called "elite overproduction". Too many people going to college when the jobs aren't there. In the US, about half of college graduates have jobs that don't require a college degree.
It's much worse in less developed countries. The article today about essays in Kenya mentions that the country is creating far more educated people than it can use. Egypt had a scheme where the government guaranteed a government job to everyone who graduated from college. They had to give that up when the oil ran out.
It's hitting top people first, which was unexpected. Mathematicians who've won the Fields Medal are worried, and some are giving up math.[1]
[1] https://www.washingtonpost.com/technology/2026/08/19/mathematicians-ask-whats-left-humans-when-ai-can-do-math-research/ https://www.washingtonpost.com/technology/2026/08/19/mathema...