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"Econ 102" with Noah Smith and Erik Torenberg cover image

Higher Ed, Being a Dorm Room Socrates, and the American Workforce

"Econ 102" with Noah Smith and Erik Torenberg

NOTE

The Downside of Siloed Workers and Lack of Knowledge Sharing in Companies

Companies in Japan suffer from low productivity because there is no flow of ideas or knowledge between them due to workers being siloed. In contrast, in America, workers share ideas and knowledge by hopping between jobs. China may face a similar challenge. In the future, elite schools may remain the same but degrade in quality while vocational schools become stronger. The elite schools rely on brokering status and may face criticism for legacy and athletic admissions.

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