There is far more to a career than just money, but a person with a bachelor's degree earns $900,000 (male) or $630,000 (female) more over over their lifetime than someone with only a high school diploma (education and lifetime earnings and how does a college degree improve graduates' employment and earnings potential. These are median values which deemphasize the impact of outliers like a Bill Gates (college dropout). The college advantages drop, but they are still substantial, when one considers socio-demographic variables (such as the kids of the already rich are far more likely to go to college) and other factors (value of the dollar at present vs. the future).
Unemployment levels among those with a college degree are consistently lower than those with only a high school degree and life expectancy among college graduates appears to be higher by several years.
If we want to level the playing field and encourage more students to pursue careers in the trades, we might need to consider improving pay and benefits and improving working conditions. A job that leaves your body broken and you in pain in your 30's seems like a bad tradeoff for a paycheck.
If you know of a student who is interested in pursuing a trades education, have them contact their local community college to explore opportunities in their local area.
True, some college degrees are worth more than others.The picture also gets more complicated when you disaggregate "college graduate" a bit further and look at earnings by university and major, and factor in the outsized effect of a relatively small subset of professional degrees that are associated with high-earnings. I don't think the data exists, but it would be interesting to see a comparison of modal incomes for various universities/degrees 1, 5, 10, and 20 years out. Ditto for the average out-of-pocket cost to acquire the degree, so that prospective students could have at least a vaguely accurate sense of the ROI and whether or not it makes financial sense to borrow money to finance the degree. Or whether it makes sense to pay X$ for a degree when you can get the same degree and earn just as much or more from a school that charges $X/n for the same degree.
At age 67 I have now spent 50 years perfecting my craft. Well, almost perfecting it. I'm still learning stuff almost daily but it is seldom that I'm out of my comfort zone. I have reduced my workload to smaller handyman style stuff that I can do by myself and schedule in between several fishing seasons.The $45 an hour handyman I've used before is now charging $95 an hour due to demand, says the techies moving into the Bend/Sunriver area are willing to pay it and he's happy to charge it.
An established remodel contractor I've known for years doubled his project rates and is currently booked to the end of 2022, all high tech customers who bought into the area in the last year.
It's not only social media that has severely disrupted our society, the insane money flowing from high tech corps to it's employees has absolutely t-boned any sense of fiscal normality.
This is so true, I believe that the client/ customer relates the hourly to their personal job and hourly wage which they forget the company they work for will invoice four times that to their client/customers.I quoted $1700. It took two days, about 14 hours total = $121+ per hour. If I had told him my hourly rate he would have balked and went elsewhere. It's weird how people react and I quit trying to figure it out years ago.