Princeton economist Alan Blinder says the job market of the future won’t be divided between people with college degrees and those without, but between work that can be outsourced and work that can’t. “You can’t hammer a nail over the internet,” he observed. “Nor can you fix a car transmission, rewire a house, install solar panels, or give a patient an injection.”
True, today the lifelong earnings of college graduates exceed those who don’t attend college. But there’s no evidence this will be the case going forward. Have you paid an electrician or a plumber anytime lately? There’s a reason they’re hard to find and can command a high wage. It’s called scarcity.
-- Chuck Collins
my-advice-to-high-school-grads
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