The Ivory Tower Effect
The US has too many PhDs. You see this in the silliness of extreme DEI positions, overwrought intersectionality theories, the number of scientific paper that end up retracted, and confusing gender in language with gender in biology. We got into this mess with the best of intentions - Of course! After WW2, when the men stated to be released from the military, the economy couldn't really absorb the sudden increase in the workforce. Part for the solution was to pass the GI Bill. Increasing college graduates in the 1950s served at least 2 purposes. First, it removed bodies from the labor market, especially in the "blue-collar" fields, which allowed wages to increase for this part of the population. Second, it increased the educated population and the scientific pool of expertise, allowing expanded experimentation and increasing the knowledge base rapidly. However, much of this expanded base of college educated individuals was supported by the...