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Check out Manta Sleep here and use code HOWMONEYWORKS for 10% off your order! Sign up for our FREE newsletter! - Books we recommend - ----- My Other Channel: @howhistoryworks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ sponsors@ Sign up for our newsletter 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #career #finance #college ----- I have some bad news for you… You probably won’t ever be a tech worker at a FAANG company, a bulge bracket finance bro or a high-powered corporate executive. Society needs people to do the real jobs that keep us housed, fed and safe, and it needs them a lot more than it needs another McKinsey consultant. This is a problem because no matter how you put it, a job where you sit in an air-conditioned office making six figures a year in your first year out of college is way more desirable than doing roadwork in Arizona for 20 bucks an hour. The problem is that everybody is trying really hard to pretend this isn’t true, and the system that has sprung up to maintain this dream has caused more problems than you realize. Peter Turchin is a complexity scientist, who mathematically models the statistical dynamics of historical societies. He coined the theory of “Elite Overproduction”. He argues in his books and papers that societies make workers just like they make anything, a car goes through a factory, and a college graduate goes through a few decades of schooling. At the end you get something you can drive around in and something that can make pivot tables in excel.
