Drucker …explained in his 1968 book, The Age of Discontinuity, that education creates higher expectations without any guarantee of higher productive capacity. People want more pay; they want a career; and they want “knowledge work.” But there is no guarantee that the job market will continue to need or pay well for what they have to offer.

 

Were such a situation to unfold, Drucker warned, it would result in “an unemployed and unemployable intellectual proletariat the like of which the world has never seen.”

Are we there yet?