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The middle class in America was only cash flow positive in the 1950s-1970s. And the story of a shoe shine boy working his way up to head of a brokerage doesn'
by favflam 4y ago
The middle class in America was only cash flow positive in the 1950s-1970s.
And the story of a shoe shine boy working his way up to head of a brokerage doesn't exist anymore since university degrees act as gate keepers.
I guess IT, if someone had the free time (requires positive cash flow), they could program their way to glory. But even then, I am not sure how they would compete against Softbank style VC-funded startups with 0% cost of capital.
- autoexec 4y agoIT was a pretty good way to climb the socioeconomic ladder for a little while. The major barrier used to be that poor kids didn't have access to computers, but we've got that problem solved now and all but the poorest children can afford a PC and start learning. I wouldn't recommend it, but you can lean python entirely on a cell phone! It's not as easy as it used to be to turn tech skills into cash though. Back then companies weren't so picky about degrees if you had skills and there wasn't nearly as much competition since a lot of folks didn't have much experience with computers and weren't interested in learning about them. I'd still recommend IT for people looking to get their foot in the door, but the days where you could make crazy amounts of money knowing just HTML and a bit of JS are long gone. IT doesn't pay great these days and even programmers aren't earning as much as they used to.