It'll only cost you 80% of all the money you make once you have a job.
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· 8 years ago
Well, after student loans most of 'em will be paying 75% anyway since even with a degree a big chunk of people will probably still only find minimum wage jobs.
That's what a lot of people skilled in manufacturing thought, too. Then progress happened and fewer were needed. The degree that's important and sought by employers today probably won't be in 30 years. And even barring that, it's a numbers game. What happens when a generation better at your job comes along willing to work for less? Nobody's indispensible forever.
That's why you have to keep improving and learning.
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· 8 years ago
Which is always a good thing, yes, but can also become a problem in and of itself. What happens when what people are looking for is a specific degree that's different/higher than the one you have, and decide to hire somebody else who has it? That's not a hypothetical either, I know two people who were replaced by new grads who had a piece of paper in spite of their 10+ years of experience. They couldn't afford to drop everything and go back to school for a new degree. This is a very unfortunate facet of progress starting to come faster than generations change, I guess. Now instead of being relevant for most of one's working life, a lot of people are finding everything changes before they're halfway to retirement age. And God, education is getting so expensive. I wish it wasn't like that, but profit is king, so if they can hire a new grad for cheap who can get the job done, they'll find a way to drop the one who's making more money.
When that happens, the only thing to be said is "Tough Luck.".
Things don't always work fairly, or just, but that's how things are, have been and will be.
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· 8 years ago
And that's kind of my point. When a big enough chunk of the work force gets to that point, something has to give. There's always going to be people who get left behind, that's just the nature of any economy. But Sanders' popularity stems from a big, big chunk of the Millennial and later generations being genuinely afraid that this is going to be the state of the world as soon as they get out of college. They're afraid they're going to do everything right, put in the time and money and work, and the jobs just won't be there, or will have quickly evolved past their expertise and require even more school. Afraid they'll have all this student debt and no way to pay it off. Nobody is doing anything to cap education costs, and it's a real possibility a lot of them are going to end up paying a huge portion of meager wages toward student loans. It's not just "losers" and "slackers" who end up here, that's why people are angry. Not because they just want something for free.
Things don't always work fairly, or just, but that's how things are, have been and will be.