[chantech]

We've reached a point where the limit of economic growth is no longer knowledge workers - it's entrepreneurs. After WW2, knowledge workers were the bottle neck, college degrees guaranteed jobs, and institutions, grants and MBA schools sprung up everywhere.

The key for new grads is understanding the supply and demand curve. Your career prospects are better if 1. your skills are in short supply or 2. if they're in great demand or both. When there's a glut of talent and it's cheap, form companies.