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re: 1 out of 4 bachelor degrees and nearly half of masters degrees have a negative ROI

Posted on 5/11/24 at 12:45 pm to
Posted by Colonel Flagg
Baton Rouge
Member since Apr 2010
22817 posts
Posted on 5/11/24 at 12:45 pm to
quote:

General pediatrics, rheumatology, and endocrinology are about the only fields where an NP/PA can make more than a doctor though, and that's only doctors well below median productivity. Most primary care docs, especially ones with a full patient load, are going to make $100-200k a year more than NPs.


Now the NP route has turned into a diploma mill. Nursing schools are cranking them out with no care about quality. All it does is lower the warning power and not raise the level of care.
This post was edited on 5/11/24 at 7:03 pm
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261417 posts
Posted on 5/11/24 at 12:47 pm to
quote:

The problem is that too many entry level office jobs require a degree. Any degree.


Its dumb.

Most jobs should require no more than two years post secondary. Specialized stuff like engineering, I get the longer curriculum.

Most degrees are just credentials, and little more. Credentialism replaced merit.
Posted by Colonel Flagg
Baton Rouge
Member since Apr 2010
22817 posts
Posted on 5/11/24 at 12:49 pm to
quote:

Not even sure about computer science. My daughter has been laid off twice as is currently without a job. She's taking courses to get certified in teaching computer science.


Coding and programming is a hired skill. The creativity generating the processes and ideas are the true assets.

quote:

My other daughter has a master's in data analytics. She lost her job last year, and still hasn't found a job. She's looking at going back to college to do some sort of healthcare technician.


Data Analytics is such a buzz phrase. It was already part of engineering problem solving. Also it is probably consist of some of the easiest items for programming/AI to take over. The creativity generating the processes and ideas are the true assets.
Posted by dafif
Member since Jan 2019
5620 posts
Posted on 5/11/24 at 3:17 pm to
quote:

I have a History degree


Also history followed by JD ...

Other than being miserable dealing w arse holes - it's ok
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51792 posts
Posted on 5/11/24 at 3:29 pm to
It's going to depend on the school and the degree. For example, someone getting a Bachelors in Criminal Justice from USC (~$95k/year for out-of-state, and that's for tuition and all fees) is less likely to get as good a return as someone getting the same degree from ULM (~$25k/year).

Also, anything from a Liberal Arts curriculum with the word "studies" at the end of it is likely going to generate a negative ROI regardless of whichever school you go to.

Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423363 posts
Posted on 5/11/24 at 3:37 pm to
Oh God not this shite again.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51792 posts
Posted on 5/11/24 at 3:37 pm to
quote:

Not even sure about computer science. My daughter has been laid off twice as is currently without a job. She's taking courses to get certified in teaching computer science.


Coding positions not replaced with outsourcing to India or Taiwan will likely soon be replaced with AI ("soon" being within the next 10 years). She may want to change her focus to robotics, AI, networking or hardware if she's wanting to stay hands-on in the field. There are some support roles which will always be in demand (desktop support for large businesses and/or government agencies, for example), but the days of large teams of coders may be winding down.

Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
57334 posts
Posted on 5/11/24 at 3:43 pm to
I have a General Studies degree from LSU and had to go back to school in Accounting to earn a living.
Posted by BayouBaw84
Thibodaux
Member since Oct 2016
1181 posts
Posted on 5/11/24 at 3:47 pm to
No shite. Most degrees are worthless and even more of people with degrees are worthless. Worst thing this country ever did was overvalue degrees and undervalue actual skills.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423363 posts
Posted on 5/11/24 at 3:48 pm to
quote:

Why did you go to a fricking private school to get a shite degree?


You're asking why people go into USC's drama program?

There are much better examples to pick from. I mean, shite, there are probably dozens of film-related degrees that are much better examples to pick
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423363 posts
Posted on 5/11/24 at 3:51 pm to
quote:

I would imagine most people with a biochemistry degree go on to get a master's or doctorate, or go to medical school.

Undergraduate science degrees are pretty useless without getting an advanced degree to go along with it.

Yes, and this exposes the major flaw in this "study"

quote:

counterfactual earnings


It's a shite methodology (by a biased organization trying to promote lower-class economics and populations by creating red meat for muh trades stupidity) by ignoring the reality of earning and education. I just exposed this stupidity on the OT in a muh trades circle jerk recently.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423363 posts
Posted on 5/11/24 at 3:52 pm to
quote:

I love this board.


I know 777 is focused on the Barbe title game, but I hope he sees this bullshite again
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423363 posts
Posted on 5/11/24 at 3:56 pm to
quote:

IF that person also possesses some basic business sense and some cursory computer skills for doing bids, invoices, bookkeeping, etc. Otherwise, they could lose their arse a short order. O

Correct. The people who can successful run a real trade business should have gone to college and then run a more high margin business.

The vast majority of people in trade work do not have the mental capacity to do so, and make shite in bad conditions. They only make good money if they work 1000 hours/year in OT.

Also, as I stated in another thread, if you value your children working around decent people, trade work isn't exactly the future you want.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423363 posts
Posted on 5/11/24 at 4:02 pm to
quote:

If a man with a good work ethic and a good attitude gets a ground level job at whatever field it is, in my scenario he is learning all of that on the job.

That's not possible for the vast majority of people in trades, my friend.

It requires an intelligence level that puts the owner into "college material" status, but likely life caused him to veer off path in life (most likely bad or uneducated/lower class parents, but could also be from an undiagnosed LD).

I've theorized (on the OT version of these muh trades threads) that a major reason why we're seeing a lack of supply of highly skilled people in trades is that this loophole is being closed across the country and these people aren't falling through the cracks nearly as often today. So things like master carpentry doesn't have that replacement population (and the vast majority of guys in the trades lack the mental ability to do this job).
Posted by lsuguy84
CO
Member since Feb 2009
19927 posts
Posted on 5/11/24 at 4:06 pm to
I think it has more to do with a lack of interest. You’re seeing some young people crossing in and getting some of these jobs, but most aren’t interested. I don’t think it’s an intelligence issue, but motivation and or desire for these jobs isn’t there like it used to be.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423363 posts
Posted on 5/11/24 at 4:13 pm to
quote:

I think it has more to do with a lack of interest.

In trade jobs? There's a reason for that (they often suck and destroy your body)

quote:

You’re seeing some young people crossing in and getting some of these jobs,

There is a dumb cultural move and they're being sheep. The ones who can do other stuff will ultimately change paths.

quote:

I don’t think it’s an intelligence issue,

In terms of running the business v. being labor is 100% intelligence-related.

Posted by lsuguy84
CO
Member since Feb 2009
19927 posts
Posted on 5/11/24 at 4:20 pm to
quote:

There is a dumb cultural move and they're being sheep. The ones who can do other stuff will ultimately change paths.


Not sure what you mean by the first part. You’re saying these jobs aren’t relevant? Part two is very accurate (and they should).

That being said, being a Master Electrician is a lot different from being a Master Carpenter, for instance.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423363 posts
Posted on 5/11/24 at 4:28 pm to
quote:

You’re saying these jobs aren’t relevant? P

No I'm saying that, for many people who are just following cultural trends blindly, these jobs are -EV for those people.

It's like your friends who convince themselves that being bartenders/waiter at non-elite restaurants is a career into their mid-late 20s, and then one day you wake up and see them on an insurance company billboard.

quote:

being a Master Electrician is a lot different from being a Master Carpenter, for instance.

And both are different than being a tile installer. There are definitely levels to trades, too, each with their own IQ requirements. 100%
Posted by AlwaysPutsSeatDown
Member since May 2008
1002 posts
Posted on 5/11/24 at 4:40 pm to
Oh really?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261417 posts
Posted on 5/11/24 at 4:45 pm to
quote:


Brick and mortar universities days are numbered.


Yep. Most academic info is available online. I can see specialized schools surviving, but the rest will be a waste of space.

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