Now, replace Cowbell with Education, and we get a sense of the laments of many highly educated, motivated and personable people. Two blogs at Mish’s Global Economic Trend Analysis expose the proverbial elephant in the room. The topics relate to a structural economic shift and the educational system.
The broad theme is the U.S. has an oversupply of highly educated and experienced professionals and an undersupply of employment opportunities that align with said talent.
The current economic environment accentuates this point, yet it has been an undercurrent for more than a decade. The subtext of the topics highlights the rampant inflation of the cost of higher education and a preference for mediocrity, or worse, at many organizations.
Perhaps an outcome to these dynamics will be a resurgence of individual creativity and innovation, which doesn’t necessarily equate to earning college degrees.