Yes of course people deserve that. There is incredible wealth everywhere. Society increased productivity and efficiency so much that workweek should be 3 days.

All the fruits are going to small number of people in the top. You say mostly useless degrees… what about all the mostly useless things - the lamborghinis? the never ending houses? the gimmicks, gadgets, iphones every 6 months…

Why do we supply that and dont supply basic living conditions to everyone?

How are you going to provide everyone ever bigger and bigger single family homes in ever smaller and smaller parcels of land? You must push some people out. That's the nature of big things. They expand and repel.

Why? Because the medium of exchange function stops the moment economic growth stops growing at the rate of productivity. This is because the richest individuals are hoarding employment opportunities and get to save money against the will of the rest of the population. If one guy is doing the work of two, then one person has nothing to do. We grow the economy two fold, so there is enough to do for everyone, even though there are enough products and services for everyone. It's that stupid.