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Poll shows sink or swim for grads

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Re: Poll shows sink or swim for grads

Unread postby vision-master » Tue 26 May 2009, 12:25:51

$this->bbcode_second_pass_quote('TWilliam', '')$this->bbcode_second_pass_quote('vision-master', 'A')nyone who got a good union job thirty years ago and built a life from it can see its benefits too. :lol:

Yep. In fact, I remember reading somewhere that of those who retire with a net worth in excess of one million (millionaire by definition), college grads nearly always have a lower net worth than those who started work straight out of high school.


What does union have to do with college degree?

A bud of mine got a degree in forestry back in the early 70's, worked road construction until the age of 57 and now is retired, thanks to the union pension. FYI: He got 4 Months of vacation every year too. :lol:

More sheeple talk........ :)
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Re: Poll shows sink or swim for grads

Unread postby sittinguy » Tue 26 May 2009, 12:36:09

My brother has a girlfreid with 2 duaghters. One just graduated high school and I had to go to her graduation party. The older one is in college for bissiness admin. These 2 girls are so spoiled it makes me want to puke. The older girl got a scolorship to a school in Hawaii. Her mother sent her there. got her all set up, even bough her a car there. and she got home sick afer a few months and dropped out. I overheard her at the party saying how since the economy is so bad, that she is thinking of staying in school and going for her masters. Reality is going to slap these girls up side the head one day. Alot of kids are going to be living at home till they are 30,,, they just don't know it yet. My wife and I were at the party talking about them, and they both have nicer clothes, shoes, and cars than I EVER have had in my life.. Thanks to Mommy.
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Re: Poll shows sink or swim for grads

Unread postby TWilliam » Tue 26 May 2009, 12:36:49

$this->bbcode_second_pass_quote('vision-master', 'W')hat does union have to do with college degree?

Nothing specifically. Your comment implied a non-college grad worker contrasted against Kristen's college attendee. I was simply augmenting that contrast... :razz:
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Re: Poll shows sink or swim for grads

Unread postby evilgenius » Tue 26 May 2009, 12:40:09

It is hard to tell if some of the comments here suffer from an anti-intellectual bias or if they come from a position of economic vantage. Since when has improving yourself ever been a bad thing? The economic argument says when it costs more than the gains. The anti-intellectual argument says, always.
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Re: Poll shows sink or swim for grads

Unread postby TWilliam » Tue 26 May 2009, 13:10:19

$this->bbcode_second_pass_quote('evilgenius', 'I')t is hard to tell if some of the comments here suffer from an anti-intellectual bias or if they come from a position of economic vantage. Since when has improving yourself ever been a bad thing? The economic argument says when it costs more than the gains. The anti-intellectual argument says, always.

Neither, in my case at least. I've never said that self-improvement was a bad thing. All I'm addressing is the generally held assumption that college education necessarily leads to a better life and higher economic status.
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Re: Poll shows sink or swim for grads

Unread postby odegaard » Wed 27 May 2009, 00:56:50

$this->bbcode_second_pass_quote('evilgenius', 'I')t is hard to tell if some of the comments here suffer from an anti-intellectual bias or if they come from a position of economic vantage.
It's hard to tell if you're being serious or perhaps you're beating a hornet's nest hoping to stir things up.
Explain what do you mean by "anti-intellectual bias".
If you're trying to suggest there's some jealousy going on here excuse me while I have a good laugh at your expense. *insert laughter*
Throughout my life I have never met a man who become jealous of another because of "intellectual" matters.
Most of the time when there's jealousy amongst men it usually involves a woman but we can save that for another discussion. :twisted:

$this->bbcode_second_pass_quote('evilgenius', 'S')ince when has improving yourself ever been a bad thing?
You're making a presumption - an assumption that has yet to be proven.
Since when has getting yourself massively into debt up to your eyeballs with little hope of paying it off count as "improving yourself"? :?
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Re: Poll shows sink or swim for grads

Unread postby 3aidlillahi » Wed 27 May 2009, 09:17:21

$this->bbcode_second_pass_quote('', 'S')ince when has getting yourself massively into debt up to your eyeballs with little hope of paying it off count as "improving yourself"?


Getting into debt is not necessary to get a good education nor to improve yourself.
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Re: Poll shows sink or swim for grads

Unread postby jdmartin » Wed 27 May 2009, 17:07:06

$this->bbcode_second_pass_quote('TWilliam', '')$this->bbcode_second_pass_quote('vision-master', 'A')nyone who got a good union job thirty years ago and built a life from it can see its benefits too. :lol:

Yep. In fact, I remember reading somewhere that of those who retire with a net worth in excess of one million (millionaire by definition), college grads nearly always have a lower net worth than those who started work straight out of high school.


I'd have to see this article and also understand the parameters it was taking in, including era. If you're talking people who were of college age from say the 1930's to maybe the 1970's, well it wouldn't make sense that it would be any other way, since the vast majority of people didn't have college degrees. In 1950 less than 5% of the population over 25 had a bachelor's degree - today it's somewhere around 30%. That would make a big difference in the stats.

Because otherwise I'd have to call BS on it for today. Someone graduating high school today and going straight to work would be hard-pressed to be making $35,000 four years later, while that's a bottom end of what most (employed) college graduates make out of school, with higher salary multipliers. Not to mention that most decent paying jobs in the US today can't even be got without a degree. Hell, in a lot of places you can't even be promoted in the police department without a degree in criminal justice or similar.

I agree though that college is no guarantee whatsoever of generation of wealth. You can be brain-dead for four years, not learn anything, come out with a degree and still be unemployable. You can also go to a decent trade school for two years and be highly employable as a plumber, for example. Nevertheless, person for person, the college graduate is going to make far more money in a lifetime, especially since we've outsourced the best paying jobs for non-higher educated workers, production.
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Re: Poll shows sink or swim for grads

Unread postby TWilliam » Thu 28 May 2009, 03:15:26

$this->bbcode_second_pass_quote('jdmartin', 'I')'d have to see this article and also understand the parameters it was taking in, including era. If you're talking people who were of college age from say the 1930's to maybe the 1970's, well it wouldn't make sense that it would be any other way, since the vast majority of people didn't have college degrees. In 1950 less than 5% of the population over 25 had a bachelor's degree - today it's somewhere around 30%. That would make a big difference in the stats.

Because otherwise I'd have to call BS on it for today. Someone graduating high school today and going straight to work would be hard-pressed to be making $35,000 four years later, while that's a bottom end of what most (employed) college graduates make out of school, with higher salary multipliers. Not to mention that most decent paying jobs in the US today can't even be got without a degree. Hell, in a lot of places you can't even be promoted in the police department without a degree in criminal justice or similar.

I agree though that college is no guarantee whatsoever of generation of wealth. You can be brain-dead for four years, not learn anything, come out with a degree and still be unemployable. You can also go to a decent trade school for two years and be highly employable as a plumber, for example. Nevertheless, person for person, the college graduate is going to make far more money in a lifetime, especially since we've outsourced the best paying jobs for non-higher educated workers, production.

It's been a few years since I came across the statistic jd, and I honestly can't recall whether it was from an article or a book (I read a lot), but I remember it surprised me. And I'm pretty sure that it was post 2000. I can offer this quote that relates however, from the book The Millionaire Next Door, published in 1996:
$this->bbcode_second_pass_quote('', 'F')or all high-income earners (those earning at least $100,000 annually) the relationship between education and wealth accumulation is negative. High income PAWs [Prodigious Accumulators of Wealth] are significantly less likely than UAWs [Under Accumulators of Wealth] to hold graduate degrees, law degrees, or medical degrees.

It has to do with the fact that most professionals --doctors, lawyers, engineers, etc.-- tend to live high-consumption lifestyles, since that's basically what's 'socially expected' of them. Consequently, although they have relatively high income streams, they tend to spend most of that income, in addition to accumulating large debt loads above and beyond the ones they're already carrying upon graduation (med school grads, for example, were carrying an average of $139,517.00 in education-related debt alone in 2007, according to the Association of American Medical Colleges. Standard arrangement is a 10-year payback). This leaves them with little, if any extra capital for long-term investment, so they end up at retirement often with very little positive net worth.
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Re: Poll shows sink or swim for grads

Unread postby 3aidlillahi » Thu 28 May 2009, 07:28:34

$this->bbcode_second_pass_quote('', 'A')nd I'm pretty sure that it was post 2000.


I think that it could pretty well be explained, in addition to what you said, by the housing and stock market bubbles. Since you're looking at post 2000, then it's likely that the people who were millionaires without higher-ed degrees got into the bubbles in the beginning. This way, they can easily make a killing by flipping houses or even building houses in suburbia or buying tech stocks in the early '90's.

While the higher educated certainly could and did get into these bubbles, they likely weren't the ones that were making a lot of money because they, such as doctors, lawyers and bankers, tend to work a lot of hours. They would likely focus more on productive means of accumulating wealth than speculation.

Given that these bubbles have burst, it'd be interesting to go back and see the numbers again. Of the millionaires, is there still a negative correlation between education (in degrees) and wealth? I'd have to think that if it's not positive by now that it's at least flattening out.
Last edited by 3aidlillahi on Thu 28 May 2009, 07:36:18, edited 1 time in total.
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Re: Poll shows sink or swim for grads

Unread postby odegaard » Thu 28 May 2009, 07:31:15

$this->bbcode_second_pass_quote('TWilliam', '.')..
It's been a few years since I came across the statistic jd, and I honestly can't recall whether it was from an article or a book (I read a lot), but I remember it surprised me. And I'm pretty sure that it was post 2000.

I'm hesitant to outright agree with the statistics you mentioned TWilliam.....but I think you're onto something really big here.
The education bureaucrats have done a fantastic job of indoctrinating society.
How many times have we been told a college graduate will make a $1million more throughout their lifetime?
What's the old saying? --> The devil is in the details.
Here's some nagging questions.

Who will make more money throughout their life?
1a) a person who went to a 2year trade school to learn auto-mechanics
1b) a person who went to a 4yr college and got a degree in Liberal arts

2a) a person who learned air conditioning repair
2b) a person with a degree in music

3a) a plumber
3b) a college graduate of art history

My gut tells me the statistics are sexed up. They must be comparing college graduates with people who have absolutely NO education beyond high school (not even trade school).
The funny thing is I don't see too many statistics out there comparing college graduates with people who went to trade schools. funny huh.
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Re: Poll shows sink or swim for grads

Unread postby 3aidlillahi » Thu 28 May 2009, 07:44:16

$this->bbcode_second_pass_quote('', 'W')ho will make more money throughout their life?


Firstly, the numbers are comparing college grads versus HS grads. I've seen numbers for BS/BA grads versus Associate's and it's around half a million dollars, I believe.

$this->bbcode_second_pass_quote('', 'T')he funny thing is I don't see too many statistics out there comparing college graduates with people who went to trade schools. funny huh.


So because you don't see it, then it doesn't exist?
Image

That took me two seconds. Try harder buddy.

$this->bbcode_second_pass_quote('', 'W')ho will make more money throughout their life?


They are comparing averages and everybody know that. I could just as well compare a BS in engineering versus a plumber and the numbers will likely be way more than a million difference. You are selectively viewing it just to make a point.
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Re: Poll shows sink or swim for grads

Unread postby odegaard » Thu 28 May 2009, 07:53:55

$this->bbcode_second_pass_quote('3aidlillahi', '')$this->bbcode_second_pass_quote('', 'T')he funny thing is I don't see too many statistics out there comparing college graduates with people who went to trade schools. funny huh.

Image

Your chart is inadequate.
Associate degrees is not the same as going to a trade school.

$this->bbcode_second_pass_quote('3aidlillahi', 'T')ry harder buddy.
Is that what the prostitute told you last night?
$this->bbcode_second_pass_quote('3aidlillahi', 'T')hat took me two seconds.
I'm quite sure it did. :oops:
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Re: Poll shows sink or swim for grads

Unread postby 3aidlillahi » Thu 28 May 2009, 08:07:54

$this->bbcode_second_pass_quote('', 'I')s that what the prostitute told you last night?


Great, I'm debating with a fifteen year old male.

$this->bbcode_second_pass_quote('', 'A')ssociate degrees is not the same as going to a trade school.


Plumbers make about a median of $20/hour (BLS). Assuming 40 hour work weeks and working for 40 years, that's about $1.6 million over a lifetime. Still far less than the $2.1 million for an average BA/BS degree holder. I'm sure you can cherry-pick and say that they make more than those with a degree in art history, which so few have, but overall, getting a BS/BA earns a lot more money and benefits.
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Re: Poll shows sink or swim for grads

Unread postby Ludi » Thu 28 May 2009, 08:17:23

$this->bbcode_second_pass_quote('3aidlillahi', '[') I'm sure you can cherry-pick and say that they make more than those with a degree in art history, which so few have, but overall, getting a BS/BA earns a lot more money and benefits.



Folks with degrees in art history generally don't go on to become professional art historians. Instead, they become teachers, museum staff, and suchlike. So you'd probably need to look to those professions to see how much somebody with an art history degree earns in their lifetime.

Job listings in the art history field: http://arthistory.about.com/od/jobs_eve ... intern.htm


<<< has a degree in Fine Art (not Art History), degree not needed for career as professional artist
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Re: Poll shows sink or swim for grads

Unread postby MarkJ » Thu 28 May 2009, 08:53:41

$this->bbcode_second_pass_quote('', 'P')lumbers make about a median of $20/hour (BLS). Assuming 40 hour work weeks and working for 40 years, that's about $1.6 million over a lifetime. Still far less than the $2.1 million for an average BA/BS degree holder. I'm sure you can cherry-pick and say that they make more than those with a degree in art history, which so few have, but overall, getting a BS/BA earns a lot more money and benefits.



How much a licensed plumber makes depends on the region, speed, skills, experience, hours worked and diversity of the plumber. Many plumbers in the Northeast make big bucks since they perform residential and commercial plumbing in addition to hydronic heating, steam heating, burner service, plus heating service etc.

The hourly wages of employees and the self employed don't include service charges, diagnostic fees, emergency service fees, parts markup, cash work, barter, salvaged equipment, resale of salvaged equipment, salvaged materials (steel/iron/copper) side jobs etc.

It's not uncommon for some plumbers make 2 or 3 grand a day on some boiler installations in addition to salvaging expensive equipment that they can resell, plus harvesting plenty of cast, iron and copper.

In addition, professional on-site service jobs can't be outsourced, plus self employed plumbers with hundreds or thousands of customers always stay busy. Work may slow down, but their jobs won't be eliminated.

In addition, many plumbing and heating techs do other work like A/C, refrigeration, electrical, carpentry, metal work, automotive work etc.

The fact that many tradesmen can build, maintain or repair their own homes, equipment, vehicles etc is a bonus as well.
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Re: Poll shows sink or swim for grads

Unread postby Ludi » Thu 28 May 2009, 09:07:13

$this->bbcode_second_pass_quote('MarkJ', '
')The fact that many tradesmen can build, maintain or repair their own homes, equipment, vehicles etc is a bonus as well.



Of course folks with BFAs can do that as well. My husband has a BFA and restores automobiles, as well as doing machining, carpentry, and electrical and electronic wiring. I do carpentry and plumbing. Needless to say we didn't learn those particular things getting our BFAs, though in some ways a BFA is more like a trade degree than a BA is, so maybe the comparison is unfair.

I do think folks who get BAs should probably learn a few manual skills. And folks who go to trade school should learn a bit of art history. :) But none of that needs to be part of a degree program.
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Re: Poll shows sink or swim for grads

Unread postby vision-master » Thu 28 May 2009, 09:21:53

$this->bbcode_second_pass_quote('MarkJ', '')$this->bbcode_second_pass_quote('', 'P')lumbers make about a median of $20/hour (BLS). Assuming 40 hour work weeks and working for 40 years, that's about $1.6 million over a lifetime. Still far less than the $2.1 million for an average BA/BS degree holder. I'm sure you can cherry-pick and say that they make more than those with a degree in art history, which so few have, but overall, getting a BS/BA earns a lot more money and benefits.



How much a licensed plumber makes depends on the region, speed, skills, experience, hours worked and diversity of the plumber. Many plumbers in the Northeast make big bucks since they perform residential and commercial plumbing in addition to hydronic heating, steam heating, burner service, plus heating service etc.

The hourly wages of employees and the self employed don't include service charges, diagnostic fees, emergency service fees, parts markup, cash work, barter, salvaged equipment, resale of salvaged equipment, salvaged materials (steel/iron/copper) side jobs etc.

It's not uncommon for some plumbers make 2 or 3 grand a day on some boiler installations in addition to salvaging expensive equipment that they can resell, plus harvesting plenty of cast, iron and copper.

In addition, professional on-site service jobs can't be outsourced, plus self employed plumbers with hundreds or thousands of customers always stay busy. Work may slow down, but their jobs won't be eliminated.

In addition, many plumbing and heating techs do other work like A/C, refrigeration, electrical, carpentry, metal work, automotive work etc.

The fact that many tradesmen can build, maintain or repair their own homes, equipment, vehicles etc is a bonus as well.


If these guy's are any good, union scale is well over $30 hour and self-employment would see at least $75 hour. Any skilled tradesman making only $20 hour would be a butch jobber around here.
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Re: Poll shows sink or swim for grads

Unread postby MarkJ » Thu 28 May 2009, 09:34:27

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('MarkJ', '
')The fact that many tradesmen can build, maintain or repair their own homes, equipment, vehicles etc is a bonus as well.



Of course folks with BFAs can do that as well. My husband has a BFA and restores automobiles, as well as doing machining, carpentry, and electrical and electronic wiring. I do carpentry and plumbing. Needless to say we didn't learn those particular things getting our BFAs, though in some ways a BFA is more like a trade degree than a BA is, so maybe the comparison is unfair.


True, but multiple construction skills, knowledge, experience, tools, trucks, equipment, hardware, supplier accounts, business connections and relationships with other tradesmen, inspectors, asessors, zoning boards etc aren't as common with DIY types.

We can get a lot of stuff done that others can't (legally) simply because of licensing, construction knowledge, professional business connections and business/customer relationships.



$this->bbcode_second_pass_quote('', 'I') do think folks who get BAs should probably learn a few manual skills. And folks who go to trade school should learn a bit of art history. :) But none of that needs to be part of a degree program.


Many tradesmen have college educations as well as technical school educations, apprenticeship educations and multiple certifications.
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Re: Poll shows sink or swim for grads

Unread postby odegaard » Thu 28 May 2009, 09:35:24

I'm just saying there are a lot of college degrees that simply do NOT pay.
Furthermore there are many trade skills that will pay more than certain college degrees.
Why is this such a controversial statement?
Did I step on somebody's ideology here?

Why do blind ideologists like 3aidlillahi have to get Ape Shit crazy and throw shit at me?
Why jump on the messenger and straw man other people's arguments?
answer --> because this is the internet :roll:
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