21 December 2011

Bubbleproof

That’s the best way to describe grads of technical schools:

So what are the best bets when buying student debt? Technical schools. Students pay the least for their education with the potential to make good money after graduation in only a couple of years.
By that arithmetic, technical colleges come out on top, Mr. [Daniel] Ades said. “We’re in a skills based economy and what we need is more computer programmers, more [nurses],” he said. “It’s less glamorous but it’s what we need.”
Meanwhile the nation’s law schools continue to over-supply the nation with lawyers. Law students are borrowing an average of $68,827 at state schools and $106,249 a private schools only to add to the glut of barristers.

In what must undoubtedly be a shock to humanities majors, people who are actually know how to do useful things are in position to make money after they graduate.  Imagine that.

Of course nurses and programmers are going to be in a position to make good money, mostly because people want to not be sick, maim, or injured, and they also like to be able to use electronic gadgets.  Hence the reason why students who graduate from technical schools with degrees in nursing and programming are in a better position to be employed than, say, an English major.  As fascinating as Faulkner undoubtedly is, being able to expound upon his work at length is not something many consumers really want to pay for.

As such, it should no surprise that people who learn actual, useful skills in college are in a better to make money than those who majored in something that is considerably less practical.

2 comments:

  1. Yes BUT programming and engineering are not as bubble-proof as in years gone by, mainly for two reasons:
    1. Outsourcing - plenty of highly intelligent engineers in China and India who will do the work remotely at a fraction of the cost.
    2. To engineer something, implies making something. And we do very little making or manufacturing in the USA anymore.

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  2. @Carnivore

    Re: 1- I'm not sure that this actually happens all that often. Sure it's possible, but the few stats I've seen don't make it seem like this is that big a deal.

    Re: 2- Actually, manufacturing output has increased considerably over the last couple of decades. The number of manufacturing jobs has decreased, but the output has increased. The reason for this, of course, is technology, which means that there will be an even greater need for engineers in the years to come.

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