Wednesday 2010-09-01

Barring industry/product demand transformations where demand dwarfs the existing labor supply, it seems that since the Industrial Revolution, we've seen increasing amounts of human capital required to get pretty much anywhere you want. Essentially, it seems like all the low-hanging fruit have been picked, and we need to gear up to reach the tasty heights.

I worry that many college graduates are unsettled nowadays because they did not really learn much.
-- Arnold Kling