WHEN PEOPLE ARGUE ABOUT MERITOCRACY, IT’S IMPORTANT TO REMEMBER THAT “EDUCATION” ISN’T THE SAME AS “MERIT.”

There’s a weird assumption throughout all these articles, that meritocracy is founded on the belief that smart people deserve good jobs as a reward for being smart. . . .

I think this is both entirely true and entirely missing the point. The intuition behind meritocracy is this: if your life depends on a difficult surgery, would you prefer the hospital hire a surgeon who aced medical school, or a surgeon who had to complete remedial training to barely scrape by with a C-? If you prefer the former, you’re a meritocrat with respect to surgeons. Generalize a little, and you have the argument for being a meritocrat everywhere else.

The Federal Reserve making good versus bad decisions can be the difference between an economic boom or a recession, and ten million workers getting raises or getting laid off. When you’ve got that much riding on a decision, you want the best decision-maker possible – that is, you want to choose the head of the Federal Reserve based on merit.

This has nothing to do with fairness, deserts, or anything else. If some rich parents pay for their unborn kid to have experimental gene therapy that makes him a superhumanly-brilliant economist, and it works, and through no credit of his own he becomes a superhumanly-brilliant economist – then I want that kid in charge of the Federal Reserve. And if you care about saving ten million people’s jobs, you do too.

Does this mean we just have to suck it up and let the truffle-eating Harvard-graduating elites at Chase-Bear-Goldman-Sallie-Manhattan-Stearns-Sachs-Mae-FEDGOV lord it over the rest of us?

No. The real solution to this problem is the one none of the anti-meritocracy articles dare suggest: accept that education and merit are two different things!

I work with a lot of lower- and working-class patients, and one complaint I hear again and again is that their organization won’t promote them without a college degree. Some of them have been specifically told “You do great work, and we think you’d be a great candidate for a management position, but it’s our policy that we can’t promote someone to a manager unless they’ve gone to college”. Some of these people are too poor to afford to go to college. Others aren’t sure they could pass; maybe they have great people skills and great mechanical skills but subpar writing-term-paper skills. Though I’ve met the occasional one who goes to college and rises to great heights, usually they sit at the highest non-degree-requiring tier of their organization, doomed to perpetually clean up after the mistakes of their incompetent-but-degree-having managers. These people have loads of merit. In a meritocracy, they’d be up at the top, competing for CEO positions. In our society, they’re stuck.

We have too many people who are credentialed rather than educated, and too many people who think their education creates an automatic entitlement. The problem isn’t with “merit” rising to the top, the problem is that we have a false and destructive idea of what constitutes merit.