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Comments by "Persona" (@ArawnOfAnnwn) on "Is University Still Worth the Investment?" video.
I hate that these studies consider the wages all through a persons' working life to be creditable to their university. That is giving the universities way too much credit. Beyond at most a decade of working after getting your degree your wages are and should be considered your own value, NOT credited to where you got your degree. Your employer has plenty of professional history to look at to decide how much to pay you - if they continue to base your job on where you studied a decade ago that just makes them look dumb and shallow imo. So I don't care how much university degree holders who've been working for years make, and wouldn't add it to the figure of university RoI. It should only be considered how much a university degree raises ones income immediately after getting it and for a few years hence.
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'most jobs rely almost exclusively on "on the job" training' - in practice sure. However that doesn't stop them from insisting on a degree, and often being very stingy about said training cos they really want people who can hit the ground running and provide value immediately. Hence why they keep asking for 'experience'. Most companies really don't want to train their workers, they only do so begrudgingly when they see how useless the degree they insisted on is. And yet they still insist on it...
4
Also this comment from below - 'It's misleading to the point of being dishonest to repeat the old idea that "on average having a college degree means you'll make x times as much as someone who doesn't", the key term here being "average"...a true statement would be that SOME degrees (15 or so, mostly STEM fields) will get you paid way more on average, while there are a ton of degrees that will do almost nothing for you. We need to stop saying "college degree" as if they're remotely equivalent'
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They're assuming you invest into govt. bonds or equivalent as that simplifies things since they're so much more stable. Basically if you just put that money into a safe investment, would it pay out more than a degree?
1
'if you are just planning on going because you think it's what you are supposed to do, or because it's what all your friends are doing then you need to stop' - what you describe is pretty much what most Asians do, and it works out great for them.
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