Nice CT thread on (in effect) post-scarcity economics. Won by Hidari:
Much work has already been done to deal with the problem of the employment prospects of the over-educated. For example, what about “self-important newspaper columnist”, regurgitating semi-understood gobbets of semi-digested factoids gained via skimming through (and then quickly googling) whatever happens to be ‘trending’ on Twitter? This is a job that didn’t exist 50 years ago, and which no one asked to be created, for the good reason that the ‘product’ of this trade was something no one wants or needs. Nor does it require any skills or abilities to be a ‘columnist’ which hasn’t stopped it being almost exclusively the preserve of the white middle classes.
But the moral of the story is: don’t discount the capacity of capitalism to simply create whole new swathes of meaningless employment for the sons and daughters of the bourgeoisie, and then creating equally meaningless ‘qualifications’ which price these (pointless, but well paid) jobs out of the grasp of the proletarian hordes. Cf, advertising, management consultancy, most ‘research’, most work in ‘think tanks’ etc. etc. etc. In a de-industrialised country like the UK, most work is already simply the intellectual equivalent of digging a hole and then filling it in again.