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re: GOLDMAN SACHS: College may not be worth it
Posted on 12/9/15 at 9:21 am to 13SaintTiger
Posted on 12/9/15 at 9:21 am to 13SaintTiger
My brother went to school to be an electrician. After he worked for his first company for 6 years, he went and opened his own company with one of his buddies.
He actually made right at 100K working for someone with all the overtime they had from the jobs. Now he makes bank owning an electrical company.
Not having a college degree isn't a bad thing. There are tons of college degrees that amount to a bunch of bullcrap
He actually made right at 100K working for someone with all the overtime they had from the jobs. Now he makes bank owning an electrical company.
Not having a college degree isn't a bad thing. There are tons of college degrees that amount to a bunch of bullcrap
1
Posted on 12/9/15 at 9:22 am to N2cars
by the time you are in your 50s you own the business and employ a dozen plumbers
Posted on 12/9/15 at 9:22 am to 13SaintTiger
quote:
Quit pulling stats out your arse.
Do me a favor. Call up your plumber and tell him you'll pay him $20/hr for labor.
Let me know how quickly he hangs up.
Posted on 12/9/15 at 9:22 am to 13SaintTiger
quote:
Are you saying that if one does not have a scholarship out of high school or can't pay for college via parent's college fund, they shouldn't attend?
No.
I think that too many people go to college because it seems like the next and only step. And it's not.
People with scholarships and college funds don't necessarily belong in college either.
What happened to honoring experience? Experience trumps degrees any day of the week.
Posted on 12/9/15 at 9:22 am to 13SaintTiger
quote:I definitely agree with that.
quote:
Pectus
Are you saying that if one does not have a scholarship out of high school or can't pay for college via parent's college fund, they shouldn't attend?
Poor kids from places like Kenner shouldn't take out loans to get a marketing degree at LSU .
Posted on 12/9/15 at 9:23 am to yellowfin
quote:
I would agree with that
I don't. If an electrician or welder wants to further their career they will need college. That aspect will never change. So a welder with 10 years of experience and a family, looking to further his career will most likely have to come out of pocket to attend college. In this instance though, the welder will be undoubtedly wiser than an 18 year old kid.
Posted on 12/9/15 at 9:25 am to NYNolaguy1
quote:
Do me a favor. Call up your plumber and tell him you'll pay him $20/hr for labor.
Let me know how quickly he hangs up
So the stats lie?
Posted on 12/9/15 at 9:27 am to 13SaintTiger
quote:
If an electrician or welder wants to further their career they will need college. That aspect will never change.
What could an electrician or welder possibly go to college for the further their career?
Posted on 12/9/15 at 9:27 am to Jcorye1
quote:
More than half of the college graduates don't ever make 75k in their lives? I just don't believe that statistic.
Right?
This link is a study of the salaries of graduates with at least 10 years of experience. Looks like about half average 75k. Which you could assume would increase with more experience.
LINK
Posted on 12/9/15 at 9:28 am to 13SaintTiger
I'd say a lot of the kids currently going to college now could benefit from working a job a couple of years out of high school, mature, and figure out what they want to do with their lives while socking away some money for college.
The narrative that you need to go to college right when you graduate demands that some seriously immature people are making life changing decisions based on limited knowledge of life.
The narrative that you need to go to college right when you graduate demands that some seriously immature people are making life changing decisions based on limited knowledge of life.
Posted on 12/9/15 at 9:28 am to 13SaintTiger
My dad renovated his home and a couple rental properties and the "master plumber" he used makes over 200k a year without ever stepping foot in a traditional college classroom.
He told my dad that his dad was a plumber and had a modest lifestyle because there was a lot of competition, but there are so few "master plumbers" now that can do high end fixtures that he basically has a monopoly on the area and has to turn down work because he's so busy.
I did the quotes on "master plumber" because I have no idea what that means, my dad just says it like that
He told my dad that his dad was a plumber and had a modest lifestyle because there was a lot of competition, but there are so few "master plumbers" now that can do high end fixtures that he basically has a monopoly on the area and has to turn down work because he's so busy.
I did the quotes on "master plumber" because I have no idea what that means, my dad just says it like that
Posted on 12/9/15 at 9:28 am to 13SaintTiger
Google shows a range of 18 to 40 for journeyman electricians. If someone strives to be median thats their problem.
I deal with labor costs in plants as part of my job...40/hr is not all that unusual.
I deal with labor costs in plants as part of my job...40/hr is not all that unusual.
Posted on 12/9/15 at 9:28 am to Jcorye1
quote:
I'd say a lot of the kids currently going to college now could benefit from working a job a couple of years out of high school, mature, and figure out what they want to do with their lives while socking away some money for college.
Should be required by law to take a year off after high school to figure shite out and grow up.
Posted on 12/9/15 at 9:29 am to LSU0358
Factor in taxes, work truck, fuel, tools, workers compensation and all that shite and its likely closer to 20-25 I'd bet
This post was edited on 12/9/15 at 9:29 am
Posted on 12/9/15 at 9:29 am to yellowfin
quote:
What could an electrician or welder possibly go to college for the further their career?
Honestly I don't know, I never been in the technical trade world (welder, electrician, plumber, etc) but I assumed the career ladder requires education.
Posted on 12/9/15 at 9:30 am to 13SaintTiger
quote:
So the stats lie?
I think it's a loaded stat. Unionized NYC apprentice plumbers in some cases average 80k/year with overtime.
I seriously doubt they make that much in a nonunionized state like LA. The truth is probably somewhere in between based on cost of living. So yeah I think your numbers are wrong. When was the last time you looked at an invoice from a trade worker?
Posted on 12/9/15 at 9:30 am to jimbeam
Taxes and bennies do take a chunk for sure.
Posted on 12/9/15 at 9:30 am to 13SaintTiger
quote:
No one has time for your bullshite stats.
That is correct for an electrician working for an electrical contractor. However that same electrician (or plumber as only difference is skill) that takes the initiative to buy a truck and start his own repair business will make much more than $50 hour. Don't believe me? Get either one to come make a repair at your home or business. And the market for these types of skilled business is endless. You can make as much as you want.
Posted on 12/9/15 at 9:30 am to yellowfin
quote:
own the business
That is not a good answer for most, although I agree, that would be the correct call.
A lot of people think knowing how to plumb or run wire means you know how to run a business that plumbs or runs wires.
Beyond a one or two-man shop, most of those guys are lost.
Posted on 12/9/15 at 9:31 am to TheCaterpillar
quote:
Should be required by law to take a year off after high school to figure shite out and grow up
It takes more than a year to grow up and figure things out.
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