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