4 ms·

To be fair, it is not exactly clear if college scales either. Around 25% of the working population have a college degree and about 50% have post-secondary trai

To be fair, it is not exactly clear if college scales either. Around 25% of the working population have a college degree and about 50% have post-secondary training of some kind. Only 5% of the working population earn more than $90,000 per year and the top 25% start earning at only $45,000 per year or so. It's a livable income in many places, but that is not what we generally consider successful in business.

potatolicious 14y ago
This disappointment is based on an ancient view of the world - that those with post-secondary educations are abnormally high achievers, and thus one would expect greater than average compensation. This hasn't been true for at least 3 decades. Post-secondary training of some sort, whether in a skilled trade or a degree program, is critical even if your ambitions do not stray further than "strictly middle class". Instead of wondering why those with post secondary education aren't rich off their asses, I'm much more concerned about why 50% of the population doesn't have any post-secondary education whatsoever, and how in the hell we expect to keep this population employed and competitive with that foundation.
- randomdata 14y ago
  In my case, I simply was not allowed to study in any post-secondary school. I applied to many, but was rejected from them all. Higher education is not accessible to a large number of people. I have never found it to be limiting to my career though. In fact, I feel I am in a much better position because I was able to use those four+ years more effectively doing my own thing which has made me more marketable than a typical college grad.
ippisl 14y ago
According to [1], 93% of small business owners earn roughly less than $200,000. and 74% earn less than 100K. Business owners are 10% of the working population, so only 2.6% percent of the working population earn more than $100,000 by owning a business. And considering the fact that many wealthy business owners do have a degree(lawyers, dentists, etc.), college seems the more scalable way to wealth. And even if you consider high end of earners , many of the high earners(ceo's, tech entrepreneurs, medical and legal professionals) do have a college degree. [1]www.fas.org/sgp/crs/misc/R42043.pdf pg-8
- randomdata 14y ago
  Business owners, like the general working population, are a mixed pool of those with degrees and those without. Given how many business owners earn less than $100K, including those with degrees, it further highlights my point that having a degree doesn't really give an advantage to finding financial success. > (lawyers, dentists, etc.), college seems the more scalable way to wealth. Less than 1% of the population have professional degrees. Those with them may have an advantage due to the artificial supply limits created through legislation, but the fact their numbers are so low demonstrates again that it really doesn't scale.
  - carterschonwald 14y ago
    False. There's a glut of lawyers. For the good paying legal jobs, it's insanely competitive. By that I mean "oh crap, you better be at least borderline brilliant and incredibly hard working"
  - carterschonwald 14y ago
    False. There's a glut of lawyers. For the good paying legal jobs, it's insanely competitive. By that I mean "oh crap, you better be at least borderline brilliant and incredibly hard working"

potatolicious 14y ago

This disappointment is based on an ancient view of the world - that those with post-secondary educations are abnormally high achievers, and thus one would expect greater than average compensation. This hasn't been true for at least 3 decades. Post-secondary training of some sort, whether in a skilled trade or a degree program, is critical even if your ambitions do not stray further than "strictly middle class". Instead of wondering why those with post secondary education aren't rich off their asses, I'm much more concerned about why 50% of the population doesn't have any post-secondary education whatsoever, and how in the hell we expect to keep this population employed and competitive with that foundation.

randomdata 14y ago
In my case, I simply was not allowed to study in any post-secondary school. I applied to many, but was rejected from them all. Higher education is not accessible to a large number of people. I have never found it to be limiting to my career though. In fact, I feel I am in a much better position because I was able to use those four+ years more effectively doing my own thing which has made me more marketable than a typical college grad.

ippisl 14y ago

According to [1], 93% of small business owners earn roughly less than $200,000. and 74% earn less than 100K. Business owners are 10% of the working population, so only 2.6% percent of the working population earn more than $100,000 by owning a business. And considering the fact that many wealthy business owners do have a degree(lawyers, dentists, etc.), college seems the more scalable way to wealth. And even if you consider high end of earners , many of the high earners(ceo's, tech entrepreneurs, medical and legal professionals) do have a college degree. [1]www.fas.org/sgp/crs/misc/R42043.pdf pg-8

randomdata 14y ago
Business owners, like the general working population, are a mixed pool of those with degrees and those without. Given how many business owners earn less than $100K, including those with degrees, it further highlights my point that having a degree doesn't really give an advantage to finding financial success. > (lawyers, dentists, etc.), college seems the more scalable way to wealth. Less than 1% of the population have professional degrees. Those with them may have an advantage due to the artificial supply limits created through legislation, but the fact their numbers are so low demonstrates again that it really doesn't scale.
- carterschonwald 14y ago
  False. There's a glut of lawyers. For the good paying legal jobs, it's insanely competitive. By that I mean "oh crap, you better be at least borderline brilliant and incredibly hard working"
- carterschonwald 14y ago
  False. There's a glut of lawyers. For the good paying legal jobs, it's insanely competitive. By that I mean "oh crap, you better be at least borderline brilliant and incredibly hard working"