Arnold Kling hits this one out of the park. Here he is on “creating worthlessness”:
The gap between the college-educated and the less-educated is arguably due to differential treatment by government programs and billionaire philanthropists. We create a well-paying job for a college-educated ZMP in the “sustainability office” of a government agency or industry trade group. Then that sustainability office destroys a less-educated worker’s high-paying job related to fossil fuels and tells the resulting ZMP to find employment installing solar panels.
