Overproduction of elites

TL;DR

Universities are producing more PhDs than available academic positions, leading to underemployment.
The traditional university model is struggling to adapt to the changes brought by artificial intelligence.
High educational costs and stagnant wages contribute to graduates' difficulties in securing stable employment.
Specialized technical training is becoming a more viable path to stable employment and better income.
The demand for theoretical academic programs with low market recognition is decreasing.

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