I feel like this is the biggest thing everyone overlooks. Doctors, lawyers, and engineers used to be the biggest paying jobs for boomers and going into genX, so later genX and millennial that followed the blueprint of “if you want to make a lot of money, go I to these fields” found out the hard was how the prisoner’s dilemma is more than game theory. Now we have millenial doctors, lawyers, and engineers getting jobs that pay 60k with over 100k of student loans that they were told would be easy to pay back with their high paying jobs.
The trades have a good chance of doing the same thing. Right now you can make bank in the trades with no college debt. Just wait until we feed this to an entire generation and we have an excess of them and they are the ones making 60k (but at least no student loans? Normally…) and then they will tell their kids some variation of what they were told and repeat the same cycle.
I feel like this is the biggest thing everyone overlooks. Doctors, lawyers, and engineers used to be the biggest paying jobs for boomers and going into genX, so later genX and millennial that followed the blueprint of “if you want to make a lot of money, go I to these fields” found out the hard was how the prisoner’s dilemma is more than game theory. Now we have millenial doctors, lawyers, and engineers getting jobs that pay 60k with over 100k of student loans that they were told would be easy to pay back with their high paying jobs.
The trades have a good chance of doing the same thing. Right now you can make bank in the trades with no college debt. Just wait until we feed this to an entire generation and we have an excess of them and they are the ones making 60k (but at least no student loans? Normally…) and then they will tell their kids some variation of what they were told and repeat the same cycle.