The “knowledge economy” is a myth, writes Guardian contributor

May 20, 2016

“The idea of the knowledge economy is appealing,” writes Andre Spicer for The Guardian, but “the only problem is it is largely a myth.” The author argues that while many western countries are working to produce more university graduates, the truth is that “developed western economies … are not brimming with jobs that require degree-level qualifications. For every job as a skilled computer programmer, there are three jobs flipping burgers.” Spicer adds that no matter which country one looks at, the areas of highest employment growth are ones that do not require a large-scale bolstering of university education. In fact, Spicer argues, there has been a marked decline in demand for knowledge-intensive jobs since 2000, and it is these jobs that are under threat of being automated, not low-skilled ones. The Guardian