>Being a bachelor of economics will not make you a better burger deliverer.
No one said it did. But if your other option is something that's more productive, then the only way you'll agree to deliver burgers is if you're paid as much as the alternative. This has been known for half a century. https://en.wikipedia.org/wiki/Baumol%27s_cost_disease
Pay rises in industries without productivity increases to match those in industries with productivity increases because of competition.
Of course, this is in the hypothetical where everyone has a college degree and assuming that the value of a degree is in human capital, which I pointed out explicitly was something I'm assuming.
No one said it did. But if your other option is something that's more productive, then the only way you'll agree to deliver burgers is if you're paid as much as the alternative. This has been known for half a century. https://en.wikipedia.org/wiki/Baumol%27s_cost_disease
Pay rises in industries without productivity increases to match those in industries with productivity increases because of competition.
Of course, this is in the hypothetical where everyone has a college degree and assuming that the value of a degree is in human capital, which I pointed out explicitly was something I'm assuming.