...And structural-demographic theory predicts over-educated natives who DON'T get jobs end up as overqualified bums unhappy with a discordant system- requesting more benefits, creating more ideological disfunction, sewing discord.
@Peter_Turchin should be required reading.https://twitter.com/metapotat/status/1088663357316628480 …
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Replying to @LTF_01 @Peter_Turchin
I don't think this is right. Advanced STEM degree holders will still find a STEM job, albeit at somewhat lower wages. They're in high demand, and not really overproduced. Except perhaps in a few niches.
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Turchin's overproduced elites map better onto humanities degree holders. Lawyers, Literature scholars, etc. Growing production of these degrees, but not growing consumption.
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Replying to @metapotat @Peter_Turchin
You're extremely wrong if you think the STEM class is not part of the crippled elite. There's an entire suppression of what Murray would refer to as a "cognitive elite" who are now finding themselves overproduced *in relation to* immigrant influx. Turchin discusses this, too.
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Replying to @LTF_01 @Peter_Turchin
I'm having trouble seeing them as crippled
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Replying to @metapotat @Peter_Turchin
Underpaid due to an advanced racket scheme carried out by their bosses, outfluxed by Chinese immigrants just as you and eigen were saying you had no problem with? Did you read Eric's piece?
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Replying to @LTF_01 @Peter_Turchin
Yes, I did (years ago anyway). I understand they are underpaid relative to what they would be under the counterfactual with less high skilled immigration. But they are still well paid relative to society as a whole. Crippled is a stretch.
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Replying to @metapotat @Peter_Turchin
Continuously dissatisfied because they're negged by their bosses into working for less because their postdoc, tech, and highly skilled but underpaid positions are being given to people willing to work for next to nothing. Everything here is accounted for by Turchin.
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Replying to @LTF_01 @Peter_Turchin
PhD scientists don't even make Turchin's list of elites in the U.S. http://peterturchin.com/cliodynamica/intra-elite-competition-a-key-concept-for-understanding-the-dynamics-of-complex-societies/ …pic.twitter.com/NO8ccXOvwP
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phds are lumpenelites no offense
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