James Hallowell 🇺🇸🦅

⚡️The American university system is the largest wealth transfer from the young to the old in human history and nobody frames it that way because the people who benefit from it control the framing. Eighteen year olds who can’t legally buy a beer are signing six figure debt obligations to institutions that face zero accountability for outcomes. The loan is non-dischargeable in bankruptcy. The university gets paid regardless of whether the student gets a job. The incentive structure is pure extraction. Get them in. Get the money. What happens after is their problem. 43% underemployment isn’t a failure of the students. These kids did exactly what they were told. Study hard. Get good grades. Go to college. Get the degree. They followed the script perfectly and the script was a lie. Not a lie that anyone intended maliciously at first. But a lie that became profitable enough that nobody corrected it even after the data made it obvious. The people who designed this system, the administrators pulling $500k salaries, the tenured professors teaching subjects with zero market application, the loan servicers collecting interest on degrees in fields that haven’t produced a living wage in twenty years. None of them are underemployed. They’re doing fine. The 43% is subsidizing their comfort. Now add AI. The entry level professional jobs that justified the debt are the first ones being compressed. Not blue collar work. Not trades. The exact white collar knowledge work positions that the degree was supposed to unlock. Legal research. Financial analysis. Consulting grunt work. Content production. The 43% who are already underemployed are about to be joined by a significant chunk of the 57% who thought they made it. The people who will come through this are the ones who figured out early that the credential was a trap. The ones who built skills instead of collecting letters after their name. The ones who found asymmetric paths. The ones who created value directly instead of waiting for an institution to certify them as valuable. The university system had a real function once. It produced genuine education and genuine opportunity. That function has been hollowed out by decades of misaligned incentives until what remains is mostly a financing operation that happens to have classrooms attached. And 43% of its recent customers just confirmed with their own lives that the product doesn’t work.

Bloomberg: Microsoft is heading for its worst quarter since 2008 as 2 AI fears hit at once. - Heavy AI spending without clear revenue payoff, and - Frontier model builders like OpenAI and Anthropic threatening parts of its core software business. --- bloomberg. com/news/articles/2026-03-27/microsoft-set-for-worst-quarter-since-2008-as-ai-takes-two-bites