It's entirely possible that the economic reward for intelligence is decreasing. Up until 1920 or so, what employers wanted was physical robustness and reliability. There was a period when intelligence was prized, probably beginning post-WWII. That may be over.
Amazon's fulfillment operations represent today's corporate ideal - "Machines should think, people should work." They want physical robustness and reliability in their employees. Not original thinking.
[1] https://www.insidehighered.com/news/global/2024/02/09/few-st...
[2] https://www.bloomberg.com/news/articles/2022-04-18/is-colleg...
If there are only openings for experienced people, as a recent grad you take whatever else you can find. Then people just get stuck in whatever they got as first job because they get experience there and get value.
It also doesn’t say what STEM people end up with - I bet a lot is clerical job and not moving boxes for Amazon or flipping burgers.
And you need the former to support the latter. That's one of the points of the article.
I'd argue that we're not exactly beyond peak intellectual labor, we've just got 8+x as many workers vying for these jobs (for multiple reasons)
It seems to me that most of today's high impact "minds" come from relatively wealthy families compared to the world's average. They come from a small pool of candidates, compared to the vast world population as a whole that don't have the same opportunities. We basically throw away potential geniuses.
If we reduced poverty, corruption and made higher education available for everyone we would increase that pool by billions of people.
We don't need more people in the world - what we need is to give those that are already here the opportunity to nurture their minds.
After all, buildings and higher density is possible, transit is possible.
Where I live (sao paulo) there are many people on the streets. However, there is housing for all of them. That just lies empty. For speculation and seeking higher rents. For airbnb and skirting renters protection laws.
We don't have too much people, we have capital that is too accumulated at the top and that expects too high returns
In the genius funnel, the article argues to increase intake, you are arguing to enlarge the 'goes to school' step.
Porque no los dos?
The amount of thinking happening in the world depends on the amount of human brains available, and their level of education and knowledge, in the widest sense. Solving current challenges faster is often only possible by applying a larger amount of thinking to them.
(No, the AI is not yet a game changer here.)