MEGAN MCARDLE: The Heroic ‘Sacrifice’ of Underpaid Elites.

Plus this: “I’d also like to take a secondary swipe at the notion that graduates from Ivy League schools are ‘our best and brightest’. The Ivy League may represent the cream of a very small segment of incredibly affluent Americans. But there’s a lot more cream out there, and it’s a pity that American institutional structures seem so apt to exclude it from the mix.”