07.05.2026 • 40 Min.

Why doesn’t more education automatically lead to higher productivity? This episode argues that rising qualifications often function as signals in job competition rather than true drivers of value creation. We examine how credential inflation, misaligned incentives in education systems, and institutional structures can suppress productivity growth. Drawing on data and case studies, it shows why economies can stagnate despite higher levels of formal education. The uncomfortable conclusion: it’s not more education, but better incentives that determine economic progress.