This is how it has always been. I think it still holds true today. The difference is that more people have degrees, and those that don’t are much worse off than they were in the 70s and 80s. Or if you’re in a union, it doesn’t matter as much.
The ones with degrees want to start at the top, or at a minimum on the middle. They see what their parents have now and don’t think about what it took to get there.
Everybody wants to be famous, nobody wants to do the work.
I just paid $152 to have my outdoor faucet drip fixed and $172 to have my shower drain cleared. There is a much bigger call for plumbers than for mediocre philosophers. If income is your goal, the choice is obvious.
In fact, when I was working as an auditor a coworker of mine said he could be making more if he took over his father’s plumbing company than as an auditor. Of course, money isn’t the only thing to consider.
It just doesn’t happen in the real world. I met my wife at Verizon. She had to get a degree while working or there was no chance at promotion. That’s how it has always worked.
A recent analysis of earnings data from nearly 4,000 colleges and higher education programs reveals that a significant portion of attendees, approximately one in four, are earning less than the median annual income of $32,000 for high school graduates a decade after enrolling.
The analysis, conducted by The HEA Group using Department of Education data, tracked earnings outcomes for approximately five million students.
About 8% of institutions showed their students’ median income a decade after enrollment to be less than $22,000 per year, which is about 150% of the federal poverty line.
While the majority of colleges still produce graduates who outearn individuals with only high school degrees, the findings reflect growing skepticism among Americans about the value of a college degree, especially given the soaring costs of higher education.
These types of figures are always going to be skewed as “post graduate” is going to include doctors, lawyers, dentists, MBAs, college professors, I would assume many CEO’s are in this category as well. There’s a good portion of this group pulling in comfortable seven figure salaries. What we are seeing more and more that just getting any old college degree more often than not isn’t working out and is largely a waste of time and money.
I attended an liberal arts college which cost a whopping sum in the day
and my classmates, anthropology majors, psych majors, etc. graduated and found their job prospects not substantially improved over those folks who neve attended college.
“Help Wanted: Philosopher” is just not a very common sign.
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My brother attended Big State U., became an electronics engineer, and his first year out of school, at 23, made 1.2x the median FAMILY income in America, the equivalent of $89k in today’s terms despite living in a non-expensive area, (worked in Norfolk.)
A degree is largely a very expensive piece of paper that doesn’t guarantee anything:
The host of “Dirty Jobs” recently added to the backlash against Harvard University, an institution once renowned for academic prestige but that has in recent months been rocked by allegations of antisemitism and plagiarism, leading to the resignation of its former president, Claudine Gay.
“What is happening? Donations are drying up, graduates are taking their degrees off their wall because they no longer resonate with pride — they’re shameful,” Rowe stated during a Fox Business interview.