My college degree made me less employable

In 1942, Joseph Schumpeter wrote that the expansion of higher education beyond labor market demand creates for white-collar workers “employment in substandard work or at wages below those of the better paid manual workers.” What’s more, “it may create unemployability of a particularly disconcerting type. The man who has gone through college or university easily becomes psychically unemployable in manual occupations without necessarily acquiring employability in, say, professional work.”

Matthew Crawford, Shop Class as Soul Craft

Especially if it’s a BA in English.

What GDP (growth) excludes

We are not against economic growth as such, but we may reasonably ask not just growth for what, but growth of what. We want leisure to grow and pollution to decline. Both are part of any sane idea of human welfare. But both are excluded from GDP, which measures only that portion of domestic production that is traded in markets.

– Robert and Edward Skidelsky, How much is enough?