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Post by gowenbeavs on Apr 10, 2024 14:46:25 GMT -8
Class of 91
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Post by beavs6 on Apr 10, 2024 14:49:44 GMT -8
It doesn't. Sometimes it FEELS that way. But it doesn't.
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Post by Judge Smails on Apr 10, 2024 14:50:49 GMT -8
Unless you majored in sports watching.....it shouldn't |
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Post by nuclearbeaver on Apr 10, 2024 16:33:45 GMT -8
Well, it actually does mean much less if you are looking at it monetarily. A degree means far less in the job market than when you graduated. It also costs a s%#t load more to obtain. Finally due to expansion of degree programs that were not directly related to industry opportunity, or at least proportional to industry opportunity, many degrees are literally useless. For atleast 2 decades universities are more about cashing in on students than the working to guarantee their product has real world worth compared to the price.
I'm very happy with my degree and the opportunity it has given me but my wifes degree with two minors is completely worthless outside of applying to masters/PhD programs.
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Post by fridaynightlights on Apr 10, 2024 17:07:49 GMT -8
In 1990 approximately 20% of people had a college degree, in the year 2024 it is approaching 40%.
Basic supply and demand.
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Post by atownbeaver on Apr 10, 2024 17:41:44 GMT -8
In 1990 approximately 20% of people had a college degree, in the year 2024 it is approaching 40%. Basic supply and demand. A couple tech booms and a couple recessions coupled with bull runs of science industries will do that... |
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Post by beaver55to7 on Apr 11, 2024 5:10:13 GMT -8
In 1990 approximately 20% of people had a college degree, in the year 2024 it is approaching 40%. Basic supply and demand. A couple tech booms and a couple recessions coupled with bull runs of science industries will do that... I'm not sure what you are saying, but the fact is that not everyone can have a managers job, managers have to have someone to manage. Educators have been telling kids and families for 30 years that if you get your degree it will be worth a million dollars in lifetime salary ( or something similar), but the fact is industry only needs so many people with history degrees (not that anyone gets liberal arts degrees anymore). We should stop telling kids and families that degrees in and of themselves are the ticket to a wealthy lifestyle. They are not. Degrees are first and formost an opportunity to make yourself a better person. That better person will have to decide if they want to go out and make themselves a wealthy better person, not the degree. |
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Post by TheGlove on Apr 11, 2024 5:26:13 GMT -8
Educators have been telling kids and families for 30 years that if you get your degree it will be worth a million dollars in lifetime salary ( or something similar) I’ve never once heard an educator say this. |
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Post by beaver55to7 on Apr 11, 2024 5:39:34 GMT -8
Educators have been telling kids and families for 30 years that if you get your degree it will be worth a million dollars in lifetime salary ( or something similar) I’ve never once heard an educator say this. Google it, you will get a million hits: Here is one from a University : bachelors-completion.northeastern.edu/news/is-a-bachelors-degree-worth-it/"According to government data, the average salary of a bachelor’s degree recipient is $67,500 per year. With the current national average just below $56,000 per year, individuals with a bachelor’s degree are rewarded with higher earning potential as compared to high school diploma and associate degree recipients." |
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Post by nuclearbeaver on Apr 11, 2024 6:13:36 GMT -8
I’ve never once heard an educator say this. Google it, you will get a million hits: Here is one from a University : bachelors-completion.northeastern.edu/news/is-a-bachelors-degree-worth-it/"According to government data, the average salary of a bachelor’s degree recipient is $67,500 per year. With the current national average just below $56,000 per year, individuals with a bachelor’s degree are rewarded with higher earning potential as compared to high school diploma and associate degree recipients." Sure but you delay entry to the work force for 4 plus years and get yoked with a pile of debt that will likely cling to you for 10-30 years. |
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Post by beaver55to7 on Apr 11, 2024 6:28:43 GMT -8
Google it, you will get a million hits: Here is one from a University : bachelors-completion.northeastern.edu/news/is-a-bachelors-degree-worth-it/"According to government data, the average salary of a bachelor’s degree recipient is $67,500 per year. With the current national average just below $56,000 per year, individuals with a bachelor’s degree are rewarded with higher earning potential as compared to high school diploma and associate degree recipients." Sure but you delay entry to the work force for 4 plus years and get yoked with a pile of debt that will likely cling to you for 10-30 years. Exactly, I read a study a few years ago that the act of selecting students for selective universities determines their future earnings, not attending the university. IE if you plan on going to Yale and then getting a job on Wall Street, Wall Street could hire you directly out of High School with those qualifications and you would both do better. Wall Street companies are still going to need 2 years of training to get you productive whether you go to Yale or not. So for a Wall Street company from when you enter Yale to when you are productive for the company is 6 years versus 2 years if you just skipped Yale (and the cost of going to Yale). |
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Post by nuclearbeaver on Apr 11, 2024 6:36:29 GMT -8
Sure but you delay entry to the work force for 4 plus years and get yoked with a pile of debt that will likely cling to you for 10-30 years. Exactly, I read a study a few years ago that the act of selecting students for selective universities determines their future earnings, not attending the university. IE if you plan on going to Yale and then getting a job on Wall Street, Wall Street could hire you directly out of High School with those qualifications and you would both do better. Wall Street companies are still going to need 2 years of training to get you productive whether you go to Yale or not. So for a Wall Street company from when you enter Yale to when you are productive for the company is 6 years versus 2 years if you just skipped Yale (and the cost of going to Yale). Yup. Think about where a go getter is 4-6 years into a trades career vs a bachelor's degree in engineering. If you are smart with your earnings and get after it that trades kid is eye balling having or near journeyman, doesn't have 100k debt at 3-9% interest and is fully trained to transfer to different opportunities or go out on their own. An engineer out of school is good at math and understands physics pretty good. Probably competing with 20+ other people for an entry level job paying 60k. Journeyman welder makes about the same, journeyman electricians make 10-30k more. |
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p8nted
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Post by p8nted on Apr 11, 2024 7:27:21 GMT -8
A couple tech booms and a couple recessions coupled with bull runs of science industries will do that... I'm not sure what you are saying, but the fact is that not everyone can have a managers job, managers have to have someone to manage. Educators have been telling kids and families for 30 years that if you get your degree it will be worth a million dollars in lifetime salary ( or something similar), but the fact is industry only needs so many people with history degrees (not that anyone gets liberal arts degrees anymore). We should stop telling kids and families that degrees in and of themselves are the ticket to a wealthy lifestyle. They are not. Degrees are first and formost an opportunity to make yourself a better person. That better person will have to decide if they want to go out and make themselves a wealthy better person, not the degree.I agree that being educated in a field or area of passion is a huge plus in a persons life. Perhaps there is no job waiting at the end that pays big $$ but that person is far better off having chased a passion early in life. No degree is worthless. |
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Post by rgeorge on Apr 11, 2024 10:01:29 GMT -8
Google it, you will get a million hits: Here is one from a University : bachelors-completion.northeastern.edu/news/is-a-bachelors-degree-worth-it/"According to government data, the average salary of a bachelor’s degree recipient is $67,500 per year. With the current national average just below $56,000 per year, individuals with a bachelor’s degree are rewarded with higher earning potential as compared to high school diploma and associate degree recipients." Sure but you delay entry to the work force for 4 plus years and get yoked with a pile of debt that will likely cling to you for 10-30 years. Plus it's "govt" data (that is never skewed or bias) that forgets to mention "averages" can be highly misleading. It also doesn't take into account "actual" earnings data...just "potential" based on?? Plus govt data is not some educator saying it. In fact over the last 30+ years the movement has been quite contrary. Schools have become transition points. To simplify... college interest/ bound, trade interest/bound... college & career based. It's been a move away from college for everyone. And when the transition mirrors life and kids can move freely to explore it has been very successful. The lifeblood of this country was/is the skilled trades and crafts. Not high paying degree holders that typically get into debt and don't hold jobs related to their degree debt. If you want government data... 46% of current degree holders actually work in that field... 29% are in an unrelated field... 16% unemployed. Some studies state that due to financial insecurity up to 75% of college degree holders eventually end up outside their field of study. So, is the cost of college education and subsequent employment better for everyone because you may make more over a lifetime? Well, funny depends on if you have a large debt because of it... or truly have other interests. Or... you now think your decisions will be forgiven even though you entered into a financial contract knowingly?? Long... story short... I was in that field and I never heard any of my colleagues state college for everyone cuz you make more. In fact it was the bain of our existence to try to fit square pegs in round holes. |
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Post by atownbeaver on Apr 11, 2024 11:24:31 GMT -8
A couple tech booms and a couple recessions coupled with bull runs of science industries will do that... I'm not sure what you are saying, but the fact is that not everyone can have a managers job, managers have to have someone to manage. Educators have been telling kids and families for 30 years that if you get your degree it will be worth a million dollars in lifetime salary ( or something similar), but the fact is industry only needs so many people with history degrees (not that anyone gets liberal arts degrees anymore). We should stop telling kids and families that degrees in and of themselves are the ticket to a wealthy lifestyle. They are not. Degrees are first and formost an opportunity to make yourself a better person. That better person will have to decide if they want to go out and make themselves a wealthy better person, not the degree. what I am saying is a changing economy pushed people to science, programming and engineering degrees starting in the late 90s and carrying through to now. Until more recently, where the pendulum is swinging back, it pulled people out of trades to pursue (then) higher paying tech jobs. People go back to school when they get laid off. Young people go to school to chase hot trends in hiring (STEM jobs). That influences the number of degrees. Degrees are necessary condition for many, many jobs. However what people going to college (and into debt) need to know is that it is not sufficient. that is what is always left off. Your degree is necessary but not sufficient for many high paying jobs and careers. You have to do other stuff to get there. Internships, fellowships, studies, volunteer, etc to get the job. Completing you class work doesn't hand you a high paying job, it is just the minimum step for a wide range of careers. The argument of "just go to college for anything, it will be worth it" is no longer true with the explosive growth of tuition and expenses. I wish it was still true. A world full of useless history and art degrees is still a better world than one with no art and history degrees. The pursuit of knowledge in itself is noble. and yeah, the world does need history nerds and art snobs. Is a degree worth less now? probably, when you consider just how much more they cost and how diluted it has gotten. But like it or not, they are still required for a huge amount of things. |
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