Let’s say a year of college costs $30k for tuition. Let’s also say after year 1 you could make $35k/yr in a very entry level job, and that goes up $15k/yr. The true cost of the final 3 years of your degree is $90k tuition + $150k lost wages + 3 yrs work experience + interest.
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Replying to @AustenAllred @Cernovich
Your analysis is wrong on multiple levels. The most egregious is not factoring in future earning power of a degree over the next 35-40 years. It’s the only analysis that matters: the cumulative earning power, not some 4 year stretch.
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Replying to @mhop1027 @Cernovich
That’s implied in saying “the cost of the degree.” Will you make enough to offset that? Depends on what a degree is worth. I don’t have one and no one cares at all.
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Replying to @AustenAllred @Cernovich
You founded your company, got lucky (yes, luck, 90% of businesses fail in 5 years or less) and want to claim that not having a degree didn’t matter to get your current job. You are the exception, not the norm. You’re beating your chest based on your singular experience.
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Replying to @mhop1027 @Cernovich
I worked at high salaries for years before founding a company
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Replying to @AustenAllred @Cernovich
Next you’re going to tell me your employees get $15k raises every year.
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Replying to @mhop1027 @Cernovich
I see people hired literally every day at high salaries with no degree
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Replying to @AustenAllred @Cernovich
That’s not the point you were making. The avg worker with a degree makes $59124 where those with a hs diploma make $38376. Math tells me you’re wrong, by a lot, and the fact that you make this claim means you stand to benefit from pushing it
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Replying to @mhop1027 @Cernovich
On a society where most competent people go to college of course that’s true. But is it because of the degree or massive selection bias?
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Replying to @AustenAllred @Cernovich
Are you calling your customers incompetent? Degree. I could rattle a list of occupations where a degree is required much less your claim degree Joe and diploma Jane are going to be making similar salaries. I’d bet most of your customers are not making what their coworkers are.
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You’re wrong and living in the past. The future is unwritten.
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