America Is Pumping Out Too Many Ph.D.s

Noah Smith Bloomberg January 4, 2021 Link


hat’s a recipe for societal dysfunction. Many historians have advanced some version of the thesis that dashed expectations among elites can lead to social unrest. Most recently, historian Peter Turchin has warned that overproduction of elites is a harbinger of discord in modern America. There’s evidence that Ph.D. school, never a particularly fun experience, is becoming increasingly stressful thanks to growing worry about careers.

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