If you've read much Peter Turchin... and you should ...then you're familiar with his concept of "elite overproduction".
In Kevin D. Williamson's latest (paywalled) newsletter, he gives a good example of what the results of "elite overproduction" actually look like at the street level:
"As a cynic might expect, the credentializing and professionalizing of these institutions has not always led to excellence: In the golden age of American newspaper journalism, reporters and editors were in the main people who had not graduated from any college with any kind of undergraduate degree, much less one in journalism. In this, the toilet age of American newspaper journalism, promising prospects and leaders are expected to have graduate degrees in journalism from Columbia, Northwestern, or Penn. Dozens of big tech firms started by dropouts and uncredentialed upstarts celebrate the romance of their garage days but would need an extraordinary reason to even consider hiring someone like one of their founders for the most ordinary job, while the HR departments are barnacled over by otherwise unemployable grievance-studies graduates. Public libraries that were run for generations by volunteers or by bookish generalists now are in the care of people with advanced degrees in something called library science, under the management of whom our libraries have been turned into makeshift mental wards and masturbatoria for vagrants making the most of the public internet connections."(Williamson signing on at The Dispatch is what pushed me into subscribing.)
