HappySqurriel said:
Mr Khan said:
richardhutnik said:
HappySqurriel said:
First off, I suspect that the success rate is far higher than 10%; after all, the people who enter into unpaid internships tend to have little/no experience and even if their internship doesn't become a job they're far more likely to be able to get a job after it is done, and few people who would be particularly bad at commissioned sales would apply for a position that was strictly commission based.
With that said, I don't see how any thing you have mentioned is any worse than people going to University. People spend tens of thousands of dollars and 4 (or more) years working towards building skills they hope will be valued, and there is virtually no direct opportunity for employment from these institutions; and the majority of students are being let down because they're developing skills that are worthless outside of University.
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Well, this trend I am talking about looks like it is going to run Universities out of business also. Once businesses shift to not relying on paper degrees, but other things, universities will have problems. If you shift to where it is boom or bust, then you dont' have a middle class. All that is left is for businesses to stop using them as filters for people, and they have big problems on their hands. No one is going to borrow a ton of money just to buy a lottery ticket in hopes maybe they can land a middle class lifestyle.
As far as 10%, how many you think make good money on the internet? I would say about 10% as being reasonable. I speak of YouTube stars. 90% is just make no money place. The thing about the Internet is that it scales. You end up either doing real well, or end up not making it. There isn't room for the middle in it at all. That is because of the viral effect that leads to things breaking out. And because of the scaling, a small team can end up doing a lot. Once you hit it, you hit it, like the Epic Meal Time guys or Equals 3.
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A college degree is still hugely important, and should not be underestimated. Try getting an internship somewhere important without being in college, or try getting a real job somewhere without some sort of higher education degree (needn't be college necessarily, but technical school, vocational something or other, but it has to be something). The only thing that this might be doing is forcing change on the traditional college experience to push for something more streamlined and cut down on things like the classics and philosophy, which have been on the downslide in universities anyway...
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While there are many degree fields that increase a person's career prospects, the majority of degrees do far less to get a person a job than one of these unpaid internships will ... This is why it was recently reported that 85% of new college graduates move back in with their parents, 54% are unemployed, and most of those who are employed are "under-employed" (because they are doing a job which doesn't require a degree).
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A big problem, relating to employment and college, is that employers have, without thinking, used college degrees as an overpriced filtering device to cut down resumes. While one can say it is "very important" to an individual to have one, because it makes them more compettive, if the job opportunities end up being where you don't need the degree and employer doesn't even list it as a need, it ends up a problem, MAINLY due to the debt load needed. But also, on some very low level jobs, having the college degree could work against you landing a position.
When I said what I said, I am not saying it is wrong per-se to have, or people are best without it. Just the costs are such that it could increasingly prove not to have it. If you are just looking at a college degree, it very likely might be best people do jump into the job market, and then take college on the side, IF they can find anything. Having a college degree without work experience will do little to change anything at this point actually. And college is a VERY expensive place to find oneself.
