This is just a random unqualified observation so take it with a pinch of salt.
When I compare educated Indian and Chinese people to Americans I just see more willingness to put in hard work on the mundane stuff.
Americans with the same educational qualifications who see a year or two of grunt/drudge work ahead of them to move up the food chain, will more likely quit and do whatever is currently hip. Now some small fraction of these people actually do well and the majority whose startups/youtube channels/gadget blogs/music bands fail find themselves in those overeducated poverty bins.
From what I have seen in Indian and China, I highly doubt poverty is increasing in those educated bins.
When I compare educated Indian and Chinese people to Americans I just see more willingness to put in hard work on the mundane stuff.
Americans with the same educational qualifications who see a year or two of grunt/drudge work ahead of them to move up the food chain, will more likely quit and do whatever is currently hip. Now some small fraction of these people actually do well and the majority whose startups/youtube channels/gadget blogs/music bands fail find themselves in those overeducated poverty bins.
From what I have seen in Indian and China, I highly doubt poverty is increasing in those educated bins.