00:00:00
There was an entire generation, if not
00:00:02
two generations of young men and women
00:00:05
who were told that they must, not
00:00:08
should, not it's nice to, they must go
00:00:11
to university. And these folks took out
00:00:13
an enormous amount of financial support
00:00:16
to do so. And part of the underlying
00:00:18
reason was that they were told and it
00:00:21
sounds very credible. Technology is
00:00:24
coming and there's going to be so much
00:00:26
automation of all of the other kinds of
00:00:29
jobs that you may do in a trade school.
00:00:30
You should go to university and protect
00:00:32
yourself. Well, lo and behold, it's
00:00:34
turned out to be the exact opposite. So,
00:00:36
could you imagine where, you know, you
00:00:38
could have gone to trade school, been an
00:00:40
electrician, been a plumber, made a
00:00:42
couple hundred grand, married somebody,
00:00:44
she does a good job. Now, all of a
00:00:46
sudden, she also makes $150, $200,000 a
00:00:48
year. You're making $400,000 and you
00:00:50
have no debt. That is the key. You have
00:00:52
no debt.
00:00:53
When you make 400K and have no debt, I'm
00:00:56
sorry, but it's probably actually better
00:00:59
than being the doctor making a million
00:01:00
bucks. And then there are all of these
00:01:02
other jobs that aren't a doctor where
00:01:03
you're still saddled with the 300,000
00:01:05
and you have no way of paying it back.
00:01:07
There was a framing of the issue for an
00:01:09
entire generation that was probably
00:01:11
wrong. If I had to bet, I would bet that
00:01:13
engineers are more likely to have their
00:01:15
jobs sort of replace in the short term
00:01:17
than welders and plumbers.
