How the Failure of “Prestige Markets” Fuels Populism
Given the requirements of today’s technology, dismissing expertise as privilege is dangerous. That's why a well-functioning prestige market is essential to reconciling technological progress and the maintenance of a healthy polity.
CAMBRIDGE – One of the slogans of the Harvard Union of Clerical and Technical Workers is, “We can’t eat prestige.” In other words, the university should not get away with paying low wages just because it is prestigious to work there.