"I wouldn't wish any specific thing for any specific person - it's none of my business.
But the idea that a four-year degree is the only path to worthwhile knowledge is insane."
Did you see the 1986 movie, “Back to School?” Rodney Dangerfield plays a successful businessman who never obtained his degree, so he decided to go to college with his son. In one scene, Rodney is in an economics class when the professor leads the students in developing a mock-up business constructing the facility. Dangerfield answers, “You left out a bunch of stuff.”
His off-the-cuff statement angers the already irritated teacher. “Oh really. Like what, for instance?” he asks.
Rodney rattles off a series of payments it will cost to put up the building which include paying politicians for zoning, kickbacks to contractors, the teamsters, building inspectors for permits and waste management, who he says, “aren’t the Boy Scouts.” It’s a humorous moment that outlines the practicality lacking in the business class instruction.
I remember the computer class when I was in high school. They met next to the Latin classroom. What a paradox! More students were encouraged to take Latin than computers or typing. Which of those would have helped me more in life and business?
The Millennial Generation (born 1985-2005) is facing a debt crisis unparalleled in human history. If they attended college, as their parents encouraged them, they are burdened with massive college loans. Most didn’t work at jobs while in school, as Dave Ramsey, radio host and media personality advocates.
As a member of the Baby Boomer Generation (born 1945-64), we were encouraged by our parents to go to college, obtain a four-year degree and a job would be almost guaranteed. For the most part, that was true. Then recession, inflation and technological advances took away many “guaranteed” jobs. We made the same promise to our children: Go to college and you’ll get a job. It isn’t as true today as it was 40 years ago.
In this day of instant gratification, young people want to live at the same economic level of their parents. They don’t realize the time it took to struggle and save to be at that level. While they may wind up more in debt, the odds of them having the luxuries they grew up with immediately are slim to none. Not everyone will graduate as a Mark Zuckerberg or Bill Gates (by the way, both of them dropped out of Harvard!).
Matthew Wisner writes, “Now, if you think there is a job shortage, I have some great news for you...