"Colleges Are Preparing Kids For An Economy That No Longer Exists" As They Continue To Scam Parents And Students
Authored by Daniel Ameduri via FutureMoneyTrends.com,
As I sat down to enjoy some smoked salmon at a recent BBQ I attended, I ended up at a table with two recent high school graduates.
To my disappointment, when I asked them what their plans were for the summer and beyond, both said they were heading to college.
With student loans and a wasteful four years in front of them, I couldn’t help but ask why.
Is there really anything that takes 4 to 8 years to learn or become an expert in?
Seriously, what a waste of time. Even Ham, the first ape that went into space, only trained for 2 years.
Colleges have convinced nearly everyone that you need a degree to be an effective employee or higher-income adult, but this is just not true.
I can tell you as an employer that I’ve never asked a single person what their grades were and I’ve never asked to see a degree.
The ugly truth is the ones with college degrees usually end up writing SEO articles for $15 an hour and the skilled workers who’ve been writing code as a hobby or editing videos for years on a MAC end up as managers making $75+ per hour.
Young people today who sign up for college are committing to 3 things.
1. Debt: It’s pure insanity that you’re required to pay for information that is freely available to all.
Think about it: a Google search, a 6-week or 6-month course, on the job training… All of these beat the price of college tuition.
Why anyone would borrow money for a college degree makes no sense. Unless the government has screwed your industry with a mandatory college degree in order to get some sort of license, like to practice medicine or law, what exactly is it that you need to pay the college for?
2. Four unproductive years: Ouch! One of the biggest negative effects is that you’re detouring a life for 4 full years or more.
It’s totally unnecessary at this point. When I was 18 years old, I made $55,000 while my peers sat in a classroom learning things that were forgotten before they even left the campus that day.
By the time I was 22 years old, instead of having a degree, I had made $260,000 working at a job for the past four years, I owned two businesses that cash-flowed, and I had over 10 rental properties, not including about $400,000 I had made from flipping homes as a side gig.
3. A workforce that isn’t there: Let’s be honest, colleges are preparing our young people for an economy that no longer exists!
We live in a global freelance economy. Employers want results for the lowest possible price, and they have the entire world to hire from.
The entitlement mindset and enormous false expectations a college puts in a person’s mind are only setting them up for failure.
Summary:
The disservice in teaching people that education comes only from school has put millions of families in debt.
The college bubble — both the 1.2 trillion worth of student loans and the lie that you need a degree — is literally coming apart at the seams.
If you know a young person, help them get ahead by not going to college.
Source : ZeroHedge
For only the best of ZeroHedge and articles relating to Steem, Follow me @Zer0Hedge
Once upon a time, a college education was something very useful and was nearly a guarantee for a better life. But, over the years, colleges have become so inclusive that it required them to broaden their offerings to the point that many degrees are virtually worthless. It has become a big business and unfortunately a political entity as well.
Learning code is a very good idea for the future of any student. I have been seriously debating whether or not to send my daughters to college or to teach them how to earn on my own. I have a few years yet, but if colleges continue down this trendline, my choice may be simple.
Unless a child is going for a very specific degree such as pre-med, nursing, programming, law, engineering, etc., it might be best to forego this expense.
Education is political. I quite agree with your point, degrees are being diluted. There are many degrees that should never have been created, they pull students into a trap of further study, sold to them on an the ‘university experience'. With issues of de skilling better placements and apprenticeships should be presented as viable and compelling alternative. We are heading into a university system that will be dominated by the privileged and then the rest who will be broken by debt.
If I had my time again I would re think my whole strategy. Learning to code would be one of them. I spent six year studying to enter into one of the most precarious industries, but am old enough to have got through my education before getting slammed by massive tuition fees.
I have a few jobs to support my practice and one of them is teaching. I spend a significant amount of time talking about the realities of creative industries and getting students to consider financial strategies and serious scrutiny of what really is the merit of further education and if they choose that route making sure they see it as work and how to make every penny of it count.
Well, it used to be that college is an institution for knowledge. With technology like Youtube, Wikipedia, and the like, information can be dispensed freely and cheaply. Honestly, from a benefit-cost analysis, it simply doesn't make sense for anyone to pay such a high annual tuition fee where one can get the same information for less than a fraction of the cost on the Internet.
The people who don't make use of the Internet will be left behind. No doubt about that.
Haha, nothing to add...great post
I just realized college degrees are not important after me and my wife graduated and looked for jobs. Both our employers didn't even ask what did you study and didn't care what grades we got. On my second job i was only asked where did you work before and for how long, again didn't care about college at all. But it is hard to convince younger people not to go to College, mainly because "all my friends are going to college"
They don't want to educate them to go out to do business in the real world. If they did that they would have to teach them how to think for themselves, and they can't have that.
Great post maybe some will see that its a waste of time to get a degree in college that cost them 100k +, to get a 60k a year job. Makes perfect sense to me! lol
Great post. I like it
Employer attitudes need to change too. I see 1,000 of jobs that have a minimum requirement of a BA or BS degree. Most companies use "Resume Robots" that use key word searches to reject candidates, even before a human see's your application.
Of course one can lie about your degree and hope they don't verify. As long as its not for a government job, as the feds will prosecute you for fun and prizes.
The name of the control game is debt, the more they better for the central bankers.
Can you say "elitist indoctrination"?
It all seems to be more about "programming" young impressionable minds than actual skills. I had three Children who wanted to go to college and did, what I learned that in the very first semester the colleges undermine everything taught by the Parents and reprogram our Youth with their own delusional philosophies.
Our Children are taught to see us (their Parents) as nonintellectual back street ignorant hicks. Our Children are taught to disrespect us and ignore everything we have tried to teach them. If I had it to do over, I would never send my Children to such a mind poisoning concentration camp...
i just resteem this post, kill it... I call it "Babylon System"
Learn a profession, a trade, at least basic economics, and at least one extra language. Then success is assured. College isn't necessary either.
its true, you learn nothing in that wretched prison, but debt and a pizza delivery driver job
Sad but true for many students today.