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Topic: Do you really earn more money because you went to college? - page 10. (Read 13063 times)

DrG
legendary
Activity: 2086
Merit: 1035
Back of the napkin math -
Start working 2000 hrs/yr @ 16 years old taking home $30k (assuming no taxes since with credit/deductions you can go +/-). By age 36 you make 20x$30k = $600k (skipping interest).

If you do a cardiology fellowship after medschool/residency you will have worked for 6 years making $35k/yr (salaried resident so no minimum wage bonus for you) which let's say for the sake of argument would cover your student loans (not if you went private but we'll average it out with state schools). You'll make $200k/yr take home those 3 years leading up to age 36.

So by 36 the min wage adult and the cardiologist are even. Except the min wager could have a house almost paid off (possibly might even be working on house #2). Oh and the practitioner has also studied/worked about 2.5x as many hours as the min wager.

If the med school bound idiot (yes, now he is an idiot if he goes to medical school) changes to work 2 full time min wage jobs making $15/hr (assuming work is available) from age 16 he'll almost always be ahead by age 40, and if he invested wisely will have an insurmountable lead on any physician.

I bring up $15/hr since Seattle recently decided to bump up the minimum wage to that.  San Diego is considering $13/hr.
legendary
Activity: 882
Merit: 1000
If you work a job as graduated and not graduated of course you will get payed less and for most of the jobs you need diploma but people without graduation start their owns business and they earn even more than graduated people.

For everyone one successful business, there are a hundred that failed. So, one non-graduate did better than all the other graduates. But the other graduates did better than the non-graduate.

Not to mention, graduates can start their own businesses, so I guess my theory is flawed in the same way yours is.

There is actual data on this question.  A group of college graduates make more money than a matched group who don't go to college.


It's actually stupid how much more they pay graduates than non-graduates, even if the non-graduate does the job much better. Just one of the things that makes the world stupid today.

Yes, because having a piece of paper that says you've obtained knowledge is rather stupid. Actually, you do know it takes two people to create a salary negotiation, right? If you're worth an amount of money, fucking get that amount of money. College graduates just have an easier time saying they're worth money because a fancy piece of paper. If you're really a special snowflake, then prove that you are.
newbie
Activity: 3
Merit: 0
If you work a job as graduated and not graduated of course you will get payed less and for most of the jobs you need diploma but people without graduation start their owns business and they earn even more than graduated people.
sr. member
Activity: 294
Merit: 250
***THIS ACCOUNT IS NO LONGER ACTIVE***
There is actual data on this question.  A group of college graduates make more money than a matched group who don't go to college.


It's actually stupid how much more they pay graduates than non-graduates, even if the non-graduate does the job much better. Just one of the things that makes the world stupid today.
legendary
Activity: 1246
Merit: 1002
There is actual data on this question.  A group of college graduates make more money than a matched group who don't go to college.
newbie
Activity: 4
Merit: 0
Depends on the person for some answer is yes for some answer is no, if they think they can't do anything better than working in a qualified job they wont earn more.
full member
Activity: 196
Merit: 100
Each year spent learning in an institution, is one less year you can make buck.

This is true. But the question is -- how much will you be earning? How will you be earning? And might a recent graduate outpace that earning given 5-10 years?

If you are working retail or flipping burgers, that's not gonna work out.
sr. member
Activity: 252
Merit: 250
no that is not true
sure that some other company is only looking at your previous school because of its reputation and sometimes not in your skill
i believe that you dont need to have a diploma in able to earn a lot of money you only need a good strategy confidence and a good comunication to earn a better salary like here in my country most of the company here is looking for an individual with a good moral character and came from a very good school they think that when you have a master degree you can do a lot better
but in my opinion experience is still the best rather than the degree
legendary
Activity: 1918
Merit: 1018
Each year spent learning in an institution, is one less year you can make buck.

And it will cost you as much as 60k$ + interests in the US
member
Activity: 107
Merit: 10
Each year spent learning in an institution, is one less year you can make buck.
legendary
Activity: 997
Merit: 1002
Gamdom.com
Nope, most of my mates who didn't go to college or uni are on a higher salary than me. They're either tradesmen or running their own business with the bonus of not being saddled with a huge student debt. Personally wouldn't bother with college unless you want to work in a specialised job like a doctor, vet etc.
sr. member
Activity: 243
Merit: 250
Wasted more then $150,000 on college just for a paper..
newbie
Activity: 42
Merit: 0
I'm still paying back my 2 year college course which was useless (business).
legendary
Activity: 1512
Merit: 1218
Change is in your hands
Within few years there will be no studies. Because online earning is here.
legendary
Activity: 1540
Merit: 1000
Quote

Explain to me what it's like to wear your ignorance as a badge of honour. I have a pet guinea pig. I'm sure he thinks he's pretty clever. Is that the case with you? Do you honestly believe it? Deep down you must realize that you failed at the most remedial task expected of a first world participant. How does feel to know that you are most likely the dumbest person on this forum?

I find it quite fascinating. It's like watching a chimpanzee try to paint.

The only point you've made on this thread is to correct someone's use of a word which could have been easily mistyped in the wrong way anyway, how exactly are you intelligent? Not to insult any people who have been to college but it is remarkable how people who have been 'educated' seem to think it gives them a right to be incredibly arrogant and condescending to people who aren't and when you dig deeper you generally find they've learned fuck all or have ended up in careers they never studied for in the first place.

I have to give props to anybody who's actually carefully thought out what they picked rather than just took one for the sake of it.

You only have half the information, besides the conversation doesn't concern you. Bob spent all day stalking people, unsolicited, telling them how stupid they are. Turns out Bob spent his day insulting people who hold advanced degrees in hard sciences, when he himself couldn't even finish high school.

Turns out he doesn't like the favour being returned to him. You are quite welcome to check his post history.

Oh I checked who was posting the other thing and realised it was bobsurplus, I thought you were going after somebody else, in that case I totally understand bobsurplus is a dick and that's one of his standard tactics, because like most petty people since he can't hurt our feelings he resorts to trying to harass you off the board, luckily there's no moderators here that will go and ban us if any of us call him a fucking moron who needs to stop harassing people.

This is one of the reasons I hang out on Bitcointalk, especially with how fast moderators look to ban me in other places for having disagreements with their established members, just do yourself a favour and put him on your ignore list and you'll be a lot happier, he'll go away eventually despite his efforts to antagonise. You just raised my concerns a bit because I'm probably the most uneducated person in history but I do my best to make sure what I say is cross-checked and actually true but it's also one of the reasons why I can have lots of opinions on things and varied opinions at that.

p.s. I also make sure when I post words I understand them and use dictionary.com lol Tongue far better than any school for cross-checking and making sure people understand you.
member
Activity: 61
Merit: 10
If you have degree you will have higher chance that will get accepted in a job than a non degree holder. You will lose all your money but your degree and education cannot be stolen from you.
sr. member
Activity: 308
Merit: 250
Quote

Explain to me what it's like to wear your ignorance as a badge of honour. I have a pet guinea pig. I'm sure he thinks he's pretty clever. Is that the case with you? Do you honestly believe it? Deep down you must realize that you failed at the most remedial task expected of a first world participant. How does feel to know that you are most likely the dumbest person on this forum?

I find it quite fascinating. It's like watching a chimpanzee try to paint.

The only point you've made on this thread is to correct someone's use of a word which could have been easily mistyped in the wrong way anyway, how exactly are you intelligent? Not to insult any people who have been to college but it is remarkable how people who have been 'educated' seem to think it gives them a right to be incredibly arrogant and condescending to people who aren't and when you dig deeper you generally find they've learned fuck all or have ended up in careers they never studied for in the first place.

I have to give props to anybody who's actually carefully thought out what they picked rather than just took one for the sake of it.

You only have half the information, besides the conversation doesn't concern you. Bob spent all day stalking people, unsolicited, telling them how stupid they are. Turns out Bob spent his day insulting people who hold advanced degrees in hard sciences, when he himself couldn't even finish high school.

Turns out he doesn't like the favour being returned to him. You are quite welcome to check his post history.

LMAO.. I could care less about your degrees. I've made it in life, I no longer need to work and I can spend my time enjoying the company of good friends, family and all you on the forum.

So you are like the guinea pig. Thanks for answering.

[edit]
Even better, looks like you are also a thief, scam artist and a liar.

https://bitcointalksearch.org/topic/m.7199450
https://bitcointalk.org/index.php?topic=639835.260
https://bitcointalksearch.org/topic/m.7193861

This your as well? Are you actually a con artist too?
http://www.scamchecker.com/content/robert-duskes-scamstoppers.com-scam-company
https://bitcointalksearch.org/topic/bobsurplus-is-an-ahole-641299
legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
Quote

Explain to me what it's like to wear your ignorance as a badge of honour. I have a pet guinea pig. I'm sure he thinks he's pretty clever. Is that the case with you? Do you honestly believe it? Deep down you must realize that you failed at the most remedial task expected of a first world participant. How does feel to know that you are most likely the dumbest person on this forum?

I find it quite fascinating. It's like watching a chimpanzee try to paint.

The only point you've made on this thread is to correct someone's use of a word which could have been easily mistyped in the wrong way anyway, how exactly are you intelligent? Not to insult any people who have been to college but it is remarkable how people who have been 'educated' seem to think it gives them a right to be incredibly arrogant and condescending to people who aren't and when you dig deeper you generally find they've learned fuck all or have ended up in careers they never studied for in the first place.

I have to give props to anybody who's actually carefully thought out what they picked rather than just took one for the sake of it.

You only have half the information, besides the conversation doesn't concern you. Bob spent all day stalking people, unsolicited, telling them how stupid they are. Turns out Bob spent his day insulting people who hold advanced degrees in hard sciences, when he himself couldn't even finish high school.

Turns out he doesn't like the favour being returned to him. You are quite welcome to check his post history.

LMAO.. I could care less about your degrees. I've made it in life, I no longer need to work and I can spend my time enjoying the company of good friends, family and all you on the forum.
sr. member
Activity: 308
Merit: 250
Quote

Explain to me what it's like to wear your ignorance as a badge of honour. I have a pet guinea pig. I'm sure he thinks he's pretty clever. Is that the case with you? Do you honestly believe it? Deep down you must realize that you failed at the most remedial task expected of a first world participant. How does feel to know that you are most likely the dumbest person on this forum?

I find it quite fascinating. It's like watching a chimpanzee try to paint.

The only point you've made on this thread is to correct someone's use of a word which could have been easily mistyped in the wrong way anyway, how exactly are you intelligent? Not to insult any people who have been to college but it is remarkable how people who have been 'educated' seem to think it gives them a right to be incredibly arrogant and condescending to people who aren't and when you dig deeper you generally find they've learned fuck all or have ended up in careers they never studied for in the first place.

I have to give props to anybody who's actually carefully thought out what they picked rather than just took one for the sake of it.

You only have half the information, besides the conversation doesn't concern you. Bob spent all day stalking people, unsolicited, telling them how stupid they are. Turns out Bob spent his day insulting people who hold advanced degrees in hard sciences, when he himself couldn't even finish high school.

Turns out he doesn't like the favour being returned to him. You are quite welcome to check his post history.
legendary
Activity: 1540
Merit: 1000
Quote

Explain to me what it's like to wear your ignorance as a badge of honour. I have a pet guinea pig. I'm sure he thinks he's pretty clever. Is that the case with you? Do you honestly believe it? Deep down you must realize that you failed at the most remedial task expected of a first world participant. How does feel to know that you are most likely the dumbest person on this forum?

I find it quite fascinating. It's like watching a chimpanzee try to paint.

The only point you've made on this thread is to correct someone's use of a word which could have been easily mistyped in the wrong way anyway, how exactly are you intelligent? Not to insult any people who have been to college but it is remarkable how people who have been 'educated' seem to think it gives them a right to be incredibly arrogant and condescending to people who aren't and when you dig deeper you generally find they've learned fuck all or have ended up in careers they never studied for in the first place.

I have to give props to anybody who's actually carefully thought out what they picked rather than just took one for the sake of it.
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