Yet again, another person who parlayed his prestigious college education into a good-paying, high status career who now is trying to tell us, no, college is not the way.
Ok man, nice pulling up the ladder.
Even adjusted for student loan debt and inflation the gap between college grads and non-grads is the widest it's ever been. Crisis such as the Great Recession and Covid has seen the gap widen, even as anti-college movement has gained popularity online. That's the funny thing about this, you got these people with degrees who who are saying to not go to college even as the wage premium is the widest it's ever been and keep widening with no end in sight. High inflation only makes college more attractive. Inflation hurts poor people whose wages suck.
Same for Peter Thiel...he is wrong to encourage ppl to drop out of college. You ware more likely to get rich with college, even with a liberal arts major major at a mid-ranked school, than you are to drop out (unless you got rich parents, I guess).
I'm a college educated, well off person and most of my social circle is as well and they are very much on this train. My question is always, "What do you want your child to do?" It's very easy to send other people's kids to trade trade schools.
I come from a family that immigrated and worked in trades (cooking, baking, manufacturing, etc.) and I'd like to think I have a great deal of respect for those professions. But the pay is often poor and the work is hard and risky. A radical rethink of how we treat skilled labor and the long term well-being of the people who do it is required before I actively encourage anyone who's not already expressing interest to go into a trade.
Ok man, nice pulling up the ladder.
Even adjusted for student loan debt and inflation the gap between college grads and non-grads is the widest it's ever been. Crisis such as the Great Recession and Covid has seen the gap widen, even as anti-college movement has gained popularity online. That's the funny thing about this, you got these people with degrees who who are saying to not go to college even as the wage premium is the widest it's ever been and keep widening with no end in sight. High inflation only makes college more attractive. Inflation hurts poor people whose wages suck.
Same for Peter Thiel...he is wrong to encourage ppl to drop out of college. You ware more likely to get rich with college, even with a liberal arts major major at a mid-ranked school, than you are to drop out (unless you got rich parents, I guess).