Conrad Black: Too many BAs. Too many lawyers. Not enough real work

Much of the advanced world is now creaking and groaning under the difficulty of finding useful employment or at least activity for the core of the population of traditional working age. For the first time, technological advances are increasing unemployment more than employment, and traditional business is generally less labour intensive with each innovation. The surge to service industry and other white collar occupations has been pronounced for decades. The trend was accompanied by a pandemic of socioeconomic snobbery that made it unseemly to have what was once called a blue-collar job. As mentioned in my piece here last week about some of the vagaries of contemporary education, the percentage of people with a university degree has skyrocketed, but the utility of the degree has deteriorated. When I gained a B.A. about 50 years ago, it was a virtual guaranty of employability, though I did not use it for that, and continued at university for some years, while beginning my newspaper career.