It’s so interesting to see this play out the same in both China and the US; a generation that can’t afford to buy a home, were told higher education would lead to a secure career and it doesn’t, falling fertility rate accordingly, etc. “Eat bitterness” indeed.
Education, however, consistently leads to better outcomes. White collar workers are doing well across the country (US). Forget about tech, accountants, HR professionals, economists, risk analysts, project managers, etc. are all doing well. It's predominantly the un- and under-educated that are being left behind.
So, if everyone had 2 phds ( assuming phds are the pinnacle of educational heights) almost no one (or very few) would be left behind?