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This document is an article pulled by the web site "the economist", writes September 3rd, 2011. This article makes reference to Schumpeter, big Austrian economist, known for its theories on the economic fluctuations.

He speaks to us about educated persons and, demonstrates that a university degree no longer confers financial security.

At first, we shall speak about school-leavers in the rich world and, secondly, I would speak about a revolution in the world of the work: the arrived of the new technologies.

Millions of young leave the school to join the university. Some are inspired by a pure love of learning. But most also believe that spending three or four years at university and accumulating huge debts in the process will boost their chances of landing a well-paid and secure job. School dropouts will have to cope with a life of cash-strapped insecurity. But the graduate elite will have the world at its feet.

The supply of university graduates is increasing rapidly because of the arrived of the new technologies which, destroyed by jobs. Computers can not only perform repetitive mental tasks much faster than human beings.

Furthermore, the mid-level jobs are destroyed by smart machines and high-level job growth slows. All this is underlined by the main effect of automation in the computer era which is not that it destroys blue-collar jobs, but that it destroys any job that can be reduced to a routine. Even doctors are threatened, as patients find advice online and treatment in Walmart’s new health centres.

The changes automation, globalization and deregulation, may be part of a bigger chance: the application of the division of labour to brain-work. But the reconfiguration of brain-work will also make life far less cosy and predictable for the next generation of graduates.

To conclude that from it with the effect of the automation, the young will have more difficulties finding some work if they are not enough awarded a diploma. Furthermore, we

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