Yes but on average those differences will only net you a surplus of $6,000 dollars. Clearly there is a social component there that you are referencing but I know you wouldn’t even try to insinuate that college is the only form of network around right?
Didn’t say college is the only form of networking, but it is by far the best way; Especially when it comes to social mobility. You say the surplus is only 6,000. Again you’re just referencing the financials.
How does that differ from a degree? What if you get a Finance degree and work for 40-50 years...what do you leave your children? College degrees aren’t magic...it doesn’t just imbue you with some magical long lasting family knowledge and wealth. Someone with a trade can open a business in that trade and pass it to their children while someone with a degree lives check to check and leaves their children a 10,000 funeral bill.
You leave your children easier access to your college and the benefits that come with said college.
A person with a trade can leave a business, but so can the college degree holder. Statistically speaking the college degree holder has a better chance ( have to play the percentages).
I disagree because my grandpa could have went to the same school as Fred Trump, taken the same classes, but have had none of the opportunities because of his skin color. You are confusing the benefits of white privilege with the benefits of a college degree. White privilege allows you to go the bank and get a loan to start a business while 80% of your competition is excluded because of their race. You don’t need college to teach you how to take advantage of a government program to help you finance developments.
Kudos to your father for having the ability to get into Wharton, But if your grandfather would’ve attended Wharton, you could’ve gotten into Wharton with ease. While it may not have benefited your grandfather. In 2018 a black man with a Wharton degree would have plenty of opportunities for life and long term stability.
If it only nets on average $6,000 more over a span of a career it may not always be worth it. Someone with a trade could make a couple smart investments and close that gap.
They could make a smart investment, but if you’re not willing to flip 38k ( average student debt) for 90k. You already showing bad investment skills.
Could you imagine where we would be if Larry Page wasn’t doing his doctoral thesis that led to google at Stanford or Warren Buffet wasn’t studying investment analysis at University of Nebraska.
