Earlier quoted context omitted.
You still need someone to pick your potatoes in the farm for you. If everyone has white collar skills, then that means one of two things: 1) white collar jobs don't pay as much comparatively to blue collar (meaning your supermarket potatoes now cost $50 due to high labor costs because there's no supply of workers) 2) people with white collar skills cannot find white collar jobs and are forced to take low pay blue col…
If there is a dire need for potato-picking manual labour, pay will increase, as will the price of potatoes, short-term at least, assuming the change is sudden and of immediate effect, which makes the scenario even more unrealistic. Realistically, rather than labourers becoming indefinitely well-paid, and potatoes indefinitely expensive, alternatives to manual labour will rapidly be developed, incentivised by high dem…
The simplest way to explain is to just look at basic math: if there are 3 doctor jobs and 4 doctors, one gets the short end of the stick.
> master degrees, in what
In STEM, most surprisingly, but also other careers that sound fairly reasonable. You'd think stuff like civil engineering or accounting would be fine careers, right? But somehow, Uber drivers have the craziest life stories...