“Education is the key to success”
Most of us were taught from an early age that to succeed in life you need to go to school, get good grades, so you can get into a good college and get a good job.
According to one study, the average college graduate over the course of their entire life will earn roughly one million dollars more than the average high school graduate. In another study, it was reported that if the high school graduate set aside the amount of money they would have spent on tuition and invested it at a modest return, they would end up earning roughly an extra million dollars at the end of their life.
In other words, college has zero influence on how much income you will make. Is this true? It has to be, Grissom from CSI said so.
There are of course exceptions. Some high-paying fields with specific education requirements like doctors and lawyers earn much higher salaries than average. But I also happen to know high school graduates (barely) that make millions in businesses of their own or in professional sales.
Higher education is big business. It is a multi-trillion dollar industry like coal, and oil, and automobiles and all those other industries that they teach you to hate in public schools. Like all other businesses, they sell a product. To increase sales, they create the false premise that in order to succeed in life you require their product. They created such a huge demand for their product, that the cost of it skyrocketed well beyond the pace of inflation. Thank God the government stepped in to ensure that it’s easy to get a student loan. The net result? Hundreds of thousands of young people with a college degree, $30,000 to $50,000 worth of debt, and entering the workforce four years behind the kids that decided not to pursue a degree.
Let’s pretend you are a business owner. Who would you rather hire, a young man with four years of work experience or one fresh out of college with a four-year degree in Sociology? It seems to me that most people would prefer the high school grad to the college boy who probably expects to be paid more because he has that degree. There is such an abundance of degree-carrying young men and women today, that a four year degree doesn’t even begin to distinguish you out of a crowd anymore.
The next time you stop at Starbucks, ask your barista what his degree is in. (I had a BA in Art while working at Starbucks).
Of course, the answer if you ask those multiple-billion dollar education factories is simple: Go back to school and get your masters degree.
Question: Are you working in the field that you received your degree in?