> We get degrees, we sit at desks, maybe even sit at home, work on computers, and generate an order of magnitude more wealth than our screw turning counterpart overseas
Generate wealth for whom, though?
That's also ignoring the entire economic underclass that system creates of service & gig workers that can no longer afford to live in the cities in which they work. Not everyone has the ability or desire for knowledge work.
The US still needs to catch up too. We have an infrastructure problem. Where is our high speed rail and public transit? Cycling infrastructure? Renewables? Housing in high demand areas? Socialized healthcare? Safety nets for said economic underclass?
We are behind in so many ways because we view wealth generation for the top xy% as the only metric of success.