College-educated workers are taking over the American factory floor
37% of the American population between 25 to 34 has a Bachelor's degree now. The subset of people who are literate and conscientious, but do not have a degree has become vanishingly small in recent decades.This is a horrible and vicious feedback loop, but it's hard to blame the employers, who are actually being fairly rational about their use of a BS degree as a filter (it's the new HS diploma). The blame lies at the feet of an uncontrolled government loan policy that has given the BS this new status.College is eating years of our lives and is transferring vast amounts of middle class wealth to the education sector of the economy. In the US, it's probably the greatest misallocation of resources outside of our health industry.