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But it is the notion that a degree is required to get a good job or be successful or do well that I push back against.
Like I said above: "good job" or "successful" or "do well" are ambiguous terms. Can you be happy, fulfilled, and financially stable without a college degree? Sure.
What's undeniable is that there is a significant earnings gap between those with and without a bachelor's degree. There's also a significant gap in net worth between the two (although that might have more to do with who is going to college rather than what universities teach).
Yes, and in my example- if they were in town 1-2 nights, I get the insane prices. But this was long deal, so you would think demand would calm a bit. Nope. Now I am fully aware that being in vegas, many seats are comped to high rollers, business buy tickets to entertain, etc. But it was the point where I wasn't going there. I sold my 5 series beamer for the same reason... i am not wealthy enough to not look at the bottom of the repair receipts.
Salaries are out of control as well. As a starting Engineering with an EIT, I was making under 30 in the 90's. Now, a graduate engineer with an EIT is expected to make at least 55.
Inflation is a motherfucker.
$30k in 1995 is worth the exact same as $62.5k today. So those kids demanding that salary are actually asking for pretty much the same as what you were making then.
Those kids don't have any ridiculous demands, they just want their salaries to keep up with inflation so they can have the same quality of life that you did 30 years ago.
I'm sorry but the big reason those trade jobs right now pay remotely well is because there isn't a massive pool of talent to pick and choose from, making it a scarce resource. If everyone started pivoting and going down that path, it wouldn't be very long til the average person in those roles would be struggling to make a living wage, as everyone would be trying to undercut each other to get business.
Perhaps straying the line of politics but this just seems like the rest of the world, squeezing the little guy for some money for the gain of the mega corporation.
A lot of people also have the appearance of wealth because they spend all of their money on flashy, readily apparent things to other people. Like expensive sports tickets, cars, houses, etc. that they truthfully can't afford. There are a lot of very truly wealthy people out there, no doubt. But most of those types don't flash it. The people flashing luxuries and routinely spending on those items are ,more often than not, up to their eyeballs in debt. I've seen it first hand.
Great!
You could say much the same about our men's and women's basketball team when it comes to those famines that impacted their seasons. I can only scratch my head.
Oh God, I was the same way. $50,000 in 1999 after my $16,500 a year grad student stipend and could afford an apartment on my own. Was in the elevator at the end of the work day and was talking with a couple of co-workers. Somehow I mentioned that I was going to sew my socks that had gotten a hole in them. Person who was with me and had also gone the grad school lower than Burger King pay for many years route but was a year or so ahead of me says something like, 'Chris, you have a job now. You can afford to buy new socks.'
Prior to that, no, it would have never occurred to me to buy new socks because they had a hole in them instead of sewing them up with a needle and thread.
Everything is relative. If my children are respectful, gainfully employed, law abiding and responsible you damn right I think they are "successful". Damn right they are. I make very good money, I have worked hard and been blessed with great opportunities. A recent anecdote- I can certainly "afford" to buy Eagles tickets at the sphere in Vegas- sure. But I am not 2K dollars plus fees for a decent seat and not think twice about it "successful" in life. That residency sold out at those prices for months. People out there - many- make stupid, stupid money.
When I got my first real job in 1994 making 30K... I legit thought I was rich. Seriously. I could afford my rent, car and golf on the weekends. In many ways, I'd love to go back to those days.
My wife - the daughter of an Ohio State engineering alum- got into Cornell, Penn, OSU, WVU, etc. Her dad told here "major in engineering- wherever you go" She had been to Ohio State but he encouraged her- look at VT- good engineering school, close to home. She visited VT once before deciding to go there. My story is a bit different. I wanted to go someplace warm. My dad told me- I will pay your tuition if you go to an in state school. So I only really considered VT and JMU- I am what Frank Beamer calls "not a UVA type".
Sorry, not buying that. I don't doubt what you say about everyone in your work having a degree. I think everyone at mine has one too. Many of us have more than undergrad. But it is the notion that a degree is required to get a good job or be successful or do well that I push back against. How many auto mechanics or welders or small business owners and entrepreneurs have very good jobs and are highly successful with a high school diploma? Lots.
We can look at our industries/businesses and see the need for a degree as a baseline entry. But there are plenty of places that do not need one and do not put people tens of thousands of dollars in debt. Those jobs are not for everyone. Fine. Jobs that require a 4 year degree (or 10 years if you count grad school) are not for everyone either. With fewer and fewer people attending 4 year universities, the Education-Industrial Complex monster and the false notion spewed by them that you have to go to college to be successful or get a good jump will - I hope - come crumbling down.
Great book that, although dated, should be required reading for kids in 10th or 11th grade and their parents is The Millionaire Next Door. Most people who do well did not get there from their degrees.
Believe it or not my high school guidance counselor officer had a pamphlet and I researched top 20 engineering schools and cross referenced against costs. The spring break trip to look at the school sold Mom and I.
Salaries are out of control as well. As a starting Engineering with an EIT, I was making under 30 in the 90's. Now, a graduate engineer with an EIT is expected to make at least 55.
This is ultimately the spot-on point. Thank you.
If the revenue is really there then it should be no problem to pay the players with it. The problem is 1% of the players generate 99% of the revenue. The rest don't generate enough revenue to offset the cost of their Scholarship.
I feel like Matthew McConaughey from Wolf of Wall Street everytime I have a conversation with an "NIL Supporter" or hear the phrase "NIL Potential"
Thank you, sharing this with my GF who is a very high level reporter at NBC News.
True- I work in health IT- I have never hired anyone without at least a BA. Don't remember every working with someone without one. Having said that - a bachelors is just table stakes now- nothing more. A real estate agent or electrician or HVAC technician are certainly potentially "good jobs" sure. None of those are going to pay what we pay entry level BAs with college degrees though. HVAC you are starting at 40K per year max.
Being in Raleigh and not having watched much college basketball this year, I genuinely don't know what Cooper Flagg looks like or what his voice sounds like. Never seen him on an ad or heard him on the radio.
The only time I have ever seen an ad around town was a TV commercial that someone did with the UNC offensive line at one point, and I think it might have had Drake Maye in it as well. But that's it.
that notion that you need a university degree to get a good job is not correct
I know that "good job" is open to interpretation, but I've worked in the tech/software industry for a decade now and I've never had a coworker without a college degree.
There's absolutely nothing in an undergraduate program that directly helps you develop the skills you need to be successful as a non-developer in Tech (and even dev skills can be self taught or learned from places other than universities).
I've had coworkers who broke into the industry with English degrees, psych degrees, degrees from schools I've never heard of, etc, but I've never had a single coworker without a college degree.
There's a difference between saying "you need to go to college to learn the things necessary to perform at a job" (I think this is false) and "you need to have a college degree in order to separate yourself from other applicants" (which I think is absolutely correct).
If Dollar Shave Club paid Sam Hartman money for actually doing a spot, etc. I have no issue with it- good for Sam. If dollar shave club gave to the ND "collective" for a no show gig- fuck that. That is where I have always stood on it. I'd love some insight from someone that lives in Durham- Is Cooper Flagg - who is earning 4.5 million in NIL this season- on ads everywhere? Is his jersey flying off the shelves in the bookstore? Does he have his own cereal? I am genuinely curious. I have not seen him on a national ad spot.
I think DC's point is that the whole package of compensation was still driven by boosters and not all from an NIL deal. So if it took $1MM to get Hartman and even $500k came from NIL and the other $500k from boosters, then the NIL market isn't truly supporting these deals. It's going to come down to the schools with the boosters who have the most cash to throw around to subsidize the deal, which is a clear market failure. Now with revenue sharing that will support a large chunk of these deals where the NIL value isn't really there.
This is the absolute truth. Add to the fact that roughly 30% of job ads are totally fake postings looking to low ball people on salaries. Another 15% are to avoid OFCCP lawsuits for internal good ole boy promotions. Best way to find a job in America remains networking and/or paying someone to find you a job.
It depends upon the type of job. Plumbing, construction, welding, auto repair, stage crew at the theatre (which my daughter is interested in and I've told her point blank we are not paying $60,000 a year for tuition alone at Wake Forest or Duke so she can study Theatre, you just get a job doing stage crew if you want that).
The trades are definitely not being inundated with applicants.


True, if everyone pivoted to the trades, it would depress salaries. Just like the Education-Industrial Complex brainwashing so many more people to go to university than they did in the 1960s and 1970s made the university degree less valuable while the cost has only gone up-and-up. The pendulum swung way too far and it is now, I hope, swinging back. If it goes to far the other way, it will do what you say. But that does not change the fact that a college degree is not the only way or even the best way to be successful or get a good job.