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From opening to WSJ. Many here already feel this way.

Palantir CEO Alex Karp attributed Zohran Mamdani’s election as New York mayor to a reverse class warfare: “I think the average Ivy League grad voting for this mayor is highly annoyed that their education is not that valuable, and the person down the street who knows how to drill for oil and gas, who’s moved to Texas, has a more valuable profession.”

He has a point. Colleges are graduating a surfeit of young people who lack hard or even soft skills. Even as employers complain about a dearth of qualified workers, a growing college-educated proletariat can’t find jobs they want to work. They believe their degrees aren’t being adequately rewarded by the free market and blame capitalism.

The real culprit is enormous government subsidization of higher education, which has distorted the labor supply. More than seven million bachelor’s degree recipients have entered the labor force since January 2020. Meanwhile, the number of workers without college degrees has declined by about 200,000 and those with associate degrees has shrunk by 1.1 million.

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Fortunately for many college grads, they have parents with the means to support them financially while they search for the perfect job. Young adults with lesser pedigrees may not be as picky about jobs because they can’t afford to be. They will deliver packages for Amazon or man a supermarket cash register to pay their bills.

Recent college grads view such drudgery as beneath them and think employers are too demanding. “For Gen Z-ers, Work Is Now More Depressing Than Unemployment,” read a New York Times op-ed headline last week. “The entire process of getting and keeping an entry-level job has become a grueling and dehumanizing ordeal over the past decade,” the author writes. Young people grouse that employers are monitoring their productivity with “surveillance state technologies” and expect them to “do six jobs in a 40-hour workweek.”