The Great University Rip-Off

College is a place where young people go to binge, fornicate, receive an academic lobotomy, and become burdened by insurmountable debt — all in the quest for increasingly worthless diplomas. __ Al Fin

Wage Advantage from College Diploma Shrinking

College Advantage Shrinking
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Wages for college graduates across many majors have fallen since the 2007-09 recession, according to an unpublished analysis by the Georgetown University Center on Education and the Workforce in Washington using Census bureau figures. Young job-seekers appear to be the biggest losers.
__ Bloomberg

Even in crucial fields such as engineering, physical sciences, health sciences, computer science, and agriculture, wages for college grads have been dropping.

Some majors are bucking the wage-stagnation trend. An experienced petroleum engineering major earned $179,000 a year on average in 2015, up $46,000 from five years prior, according to the Georgetown analysis. Beyond those with special technical skills, philosophy and public policy majors have also seen their earnings rise. __ Bloomberg

Meanwhile, student loan debt across society soars:

Skyrocketing Student Debt

The following article is cross-posted from The Dangerous Child blog.

The Real World Needs Competent People with Applicable Skills

Look at the starting wages for various degrees in the graphics above — then consider that a good welder or oil field worker can earn over $100,000 before he turns 21, if he is given a head start! Such lucrative skills can be learned by youth in high school before turning 18.

Another high school program that trains future oil field workers.
A list of 27 good paying jobs that do not require 4 year degrees

This doesn’t mean that all young people should be shunted toward blue collar and mid-level jobs and professions. That is not what Dangerous Child training is about. Instead, Dangerous Child training is aimed at training competent and confident young people who are equipped to shape their own futures from the onset of adulthood. Some Dangerous Children will go into the trades, some will choose higher education — some may even choose government work! The goal of Dangerous Child training is to give the ownership of that choice to the child himself, along with plenty of backdoors in case the first choice doesn’t work out. And all of that without a mountain of debt!

Dangerous Children master at least three ways of achieving financial independence by the time they turn 18 yo. Not all of them will earn him $100,000 a year off the bat. But by combining practical competence with business and entrepreneurial skills — that are also learned before turning 18 — Dangerous Children are capable of building businesses that can earn well over a $million a year.

Sure, businesses have to pay taxes, labour, rents, and so forth, but Dangerous Children learn how to economise on such expenses by the age of 12. Most of them get plenty of practise at running a small business by the time they reach 18 years, so they are ready to start building a future out of the gate.

A Dangerous Childhood Depends Upon a Child’s Ability to Teach Himself

Modern society too often looks at children as incompetent nuisances, who must be sheltered from the real world until they turn 18 — at which point they are thrown into a corrupt and undisciplined world completely unprepared for what they will face. The end result of such an approach is a growing herd of sheep-like young people who are still incompetent, and likely to stay that way. By default, these sheep are closely guided in their tastes, interests, and “relevant causes” by faux experts in media, academia, and government and by celebrity figures around the world.

A Dangerous Child, on the other hand, learns to teach himself from an early age. By teaching himself to develop a broad competence in practical skills as well as in scholarship, a Dangerous Child develops confidence in his own ability to solve increasingly important problems and to build things of increasing complexity that actually work.

A self-taught person who possesses both self discipline and self confidence will not be swayed by popular appeals to group status or celebrity appeal. He will be a contrarian thinker who works things out for himself, impervious to the herd mentality of a corrupt, groupthinking culture.

Article is cross-posted from Al Fin, The Dangerous Child, blog

Another way colleges devalue their degrees

Students are not necessarily stupid. But they are abysmally ignorant for the most part.

Our students’ ignorance is not a failing of the educational system – it is its crowning achievement. Efforts by several generations of philosophers and reformers and public policy experts — whom our students (and most of us) know nothing about — have combined to produce a generation of know-nothings. The pervasive ignorance of our students is not a mere accident or unfortunate but correctible outcome, if only we hire better teachers or tweak the reading lists in high school. It is the consequence of a civilizational commitment to civilizational suicide. The end of history for our students signals the End of History for the West. __ Lost Generations

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