In Peter Turchin's book War and Peace and War [1], the term "elite overproduction" does not refer to an overproduction of smart people, education, or college degrees. Instead, it refers to an overproduction of nobility , individuals who extract income but who do not perform useful work. For example, France during the population boom of the high middle ages overproduced knights and minor nobles from 1200-1300. The nob…
There are no real shortages of food or shelter at this time. We should be able to support a very large number of people working on human development: scientists and technologists, medical professionals and even wide-spread service jobs, especially if better paid. Unfortunately, for money to prove it's worth, too many things must be made scarce. It is this scarcity driven by the people who already have money and their…
But "just having food and shelter" is by no means the thing to be overcome. Or do you think that food and shelter just appears like magic in front of everyone? We need people to grow the food, collect it, distribute it, arrange it on shelves or serve it in restaurants. We need people to build homes (and implicitly the materials that need to be dug up or obtained from somewhere), sell them, renovate them, maintain them. And what about the huge infrastructure that goes around doing all this, the roads, the water treatment plants, the garbage collection? Who's gonna do all that? Oh, right, we have food and shelter, that's enough, I forgot.
If the proportion of people who want to do science/progressive stuff is larger than what is sustainable to do all that I was listing above as well, wouldn't you say that becomes a problem?