Elite Overproduction Hypothesis

Elite Overproduction Hypothesis

Did we produce too many frustrated college grads in the early 2000’s? It’s a really interesting question. Noah Smith plots the changes in college major enrollments and finds some interesting patterns – and some even more interesting potential fallout that include patterns with socialist revolutions. Something we’re seeing here in Portland. When people are promised entry into the top 20% of culture via a degree, the disappointment of unmet expectations alone can lead to serious violent outcomes.

The Atlantic also did similar analysis, but argues that just because grads are seeking degrees in fields they think will bring them better financial outcomes doesn’t mean it will.

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