[9rx]

Of course, that's why experts started pushing college/university as the way to find escape, with an understanding that people could use its research facilities to create capital instead of falling into the labor class.

But it was ultimately lost in translation. The layman heard: Go to college/university to become a more appealing laborer to employers. And thus nothing improved for the people; the promises of things like higher income never occurred — incomes have held stagnant.

[FirmwareBurner]

>people could use its research facilities to create capital

This is just survivorship bias. Of course most people choose the employment route since very few people are gonna become good researchers with valuable ideas, and even fewer of those have the ability to become successful business owners, being a good researcher is not enough.

And money doesn't just rain from the sky, you still need money to make money.

[9rx]

> This is just survivorship bias.

It was forward looking, so survivorship bias doesn't fit. But it may be fair to say that it was unrealistic to think that it was tenable. Reality can certainly give theory a good beating.

> And money doesn't just rain from the sky

If you are going to college to do anything but create capital, the money must be raining from the sky. It would be pretty hard to justify otherwise given that there has been no economic benefit from it. As before, the promise of higher incomes never materialized (obviously, they were promised on the idea of people using college to create capital) — incomes have held stagnant.