37 ms·

> If they want to live in a 6000 sq ft house in Malibu, then they shouldn't get a degree in 5th Century Aerobics. I mean if that's what they want, you might as

> If they want to live in a 6000 sq ft house in Malibu, then they shouldn't get a degree in 5th Century Aerobics. I mean if that's what they want, you might as well tell them to be born into another family because you'll never enough for that as a wage worker regardless of the degree.

refurb 7y ago
Doctors and lawyers could afford a house in Malibu and they are wage workers.
- nugget 7y ago
  The white collar professionals who can afford these types of areas are usually much more like entrepreneurs than individual practitioners of their craft.
  - vidanay 7y ago
    And they have a relevant education.
- falcolas 7y ago
  Not all doctors. Not all lawyers. Only the cream of the crop in those respective fields, and only after 20+ years in the field. Of course, that assumes a normal mortgage, with no “payments go to interest only” or other malarkey.
  - HarryHirsch 7y ago
    But to be able to play at the top of the field you'll have to have attended something like Penn Law or Yale Medicine. SUNY Downstate won't cut it.
    - nugget 7y ago
      It's somewhat backwards in medicine. Many top grads stay in academics where the prestige is high but the pay is low. With the exception of elective plastics and dermatology, the highest earning physicians tend to be from middle of the road schools and work in rural areas after graduation (commonly from surgical sub-specialties).
    - barry-cotter 7y ago
      It will, it’s just substantially harder. The ranks of partners at top law firms are much less prestigious than those of top law faculty. Academia cares more about prestige than basically any other sector of the economy. Even in medicine you have many, many tries at associating yourself with a high prestige institution throughout your career. If you studied at a toilet tier Caribbean medical school but ten years later you’re working at the Mayo Clinic no one will care about where you got your degree.
- buzzkillington 7y ago
  If by afford you mean "take out a loan that will not be paid off until the property is underwater from global warming", sure. There is no job that's kept pace with the growth of the economy, let alone the growth of the stock market. At this point the smartest economic decision anyone can make is to invent cryosleep, build a modest nuclear reactor in their basement and wait for the year 3000 where compound interest would have made them the richest person in the world.

refurb 7y ago

Doctors and lawyers could afford a house in Malibu and they are wage workers.

nugget 7y ago
The white collar professionals who can afford these types of areas are usually much more like entrepreneurs than individual practitioners of their craft.
- vidanay 7y ago
  And they have a relevant education.
falcolas 7y ago
Not all doctors. Not all lawyers. Only the cream of the crop in those respective fields, and only after 20+ years in the field. Of course, that assumes a normal mortgage, with no “payments go to interest only” or other malarkey.
- HarryHirsch 7y ago
  But to be able to play at the top of the field you'll have to have attended something like Penn Law or Yale Medicine. SUNY Downstate won't cut it.
  - nugget 7y ago
    It's somewhat backwards in medicine. Many top grads stay in academics where the prestige is high but the pay is low. With the exception of elective plastics and dermatology, the highest earning physicians tend to be from middle of the road schools and work in rural areas after graduation (commonly from surgical sub-specialties).
  - barry-cotter 7y ago
    It will, it’s just substantially harder. The ranks of partners at top law firms are much less prestigious than those of top law faculty. Academia cares more about prestige than basically any other sector of the economy. Even in medicine you have many, many tries at associating yourself with a high prestige institution throughout your career. If you studied at a toilet tier Caribbean medical school but ten years later you’re working at the Mayo Clinic no one will care about where you got your degree.
buzzkillington 7y ago
If by afford you mean "take out a loan that will not be paid off until the property is underwater from global warming", sure. There is no job that's kept pace with the growth of the economy, let alone the growth of the stock market. At this point the smartest economic decision anyone can make is to invent cryosleep, build a modest nuclear reactor in their basement and wait for the year 3000 where compound interest would have made them the richest person in the world.