...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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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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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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