Now we've outsourced a lot of these jobs, and we've decided that everyone should just go to college and become a knowledge worker. IMO, this is insane. You can't make people smarter by wishing it so, and the results are predictable. People with college degrees end up working as security guards, at Starbucks, and in other low-skill jobs (but they have huge loans to pay off). We're building an entire economy around a fantasy.
That's because college is essentially high school now.
And we're not building the entire economy around a fantasy.
We're generating a massive amount of debt that we're never, ever going to actually pay back in non-inflated dollars. All the pollution has been outsourced to China. Knowledge working is clean. Manufacturing iPad's isn't.
And the underpaid college grads are never going to actually pay back their loans, either, because they can't.
So, it's more like fraud than fantasy. Although the college students are kind of like marks.
