| This article does a horrible job of explaining Turchin's ideas. It's not too many "brainy" people that are the problem. It's that if upward mobility becomes limited to those that have advanced degrees, and if there are an oversupply of people with advanced degrees, you will now have (at least) 3 groups of people: non-advanced-educated-but-not-good-enough, educated-but-not-good-enough, and elites. The non-advanced-educated feel marginalized because it will be ridiculously hard for them to get the education, and as things get more expensive their livelihood will go down relative to the elites. The advanced-educated-but-not-good-enough will feel marginalized because they spent their time and money and got nothing in return, and now have debt and degraded livelihood compared to the elites. When enough people feel marginalized AND something happens that weakens the state's power/influence, political instability will occur. It compounds in US/Europe with regards to education, given that these two groups are politically opposite of each other, and advanced education is becoming a barrier of entry to upward mobility. Turchin's 2016 book Ages of discord explains these ideas in detail. |
Notice that even for STEM jobs which are strongly constrained by available capital, like structural engineering or petroleum engineering, the pay is substantially higher than the useless jobs and the competition is less. You don't have to go to an Ivy League to get paid $$$ in engineering.