
Andrew Yang challenges America's talent pipeline, arguing elite graduates should build startups, not join finance or consulting. Named a White House "Champion of Change," Yang's manifesto reveals why entrepreneurship - not traditional careers - drives economic growth and creates meaningful innovation.
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Every spring, America's elite universities witness a peculiar ritual. Brilliant students who once dreamed of curing diseases, revolutionizing education, or building revolutionary technologies line up in business casual attire, clutching polished resumes, waiting to interview with Goldman Sachs and McKinsey. The numbers are staggering: 29% of Harvard graduates funnel into finance or consulting, while another 37% pursue law or medical school. Meanwhile, the small companies that could drive real innovation struggle to attract even a single top graduate. Something has gone profoundly wrong with how we deploy our brightest minds-and it's costing us far more than we realize. Why do our smartest graduates abandon their ambitious dreams for spreadsheets and PowerPoint decks? The answer lies in a recruitment machine so sophisticated it makes college admissions look amateur. Investment banks and consulting firms invest millions creating what feels like a natural next step-structured interviews, clear deadlines, defined benchmarks. For students who've spent their lives mastering formal processes, it's irresistible. Dylan Matthews, a 2012 Harvard graduate, captures this perfectly: "Applying to Wall Street is much closer to college applications than applying anywhere else. Harvard students are really good at formal processes like that, and less good at sorting through thousands of job listings from companies whose reputations they don't know." These firms begin courting sophomores through networking events and summer internships, offering something intoxicating: $100,000+ salaries, signing bonuses, prestige, and the promise that "you can do anything after two years here." Meanwhile, a promising startup in Detroit can't compete. No campus presence, no structured training program, no brand recognition. They might offer exciting work and equity, but to a 22-year-old with $100,000 in student debt, that sounds like risk. The consulting firm sounds like security.