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Is College Worth It? Analyzing the Economic Impact of Higher Education · Earn Your Leisure

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Speaker 3: You know, I didn't realize seventy percent of Americans don't
1:53
Speaker 3: have college degrees.
1:55
Speaker 4: You know what I mean. I didn't know that.
1:58
Speaker 3: Yeah, so I have to have a college to be successful.
2:02
Speaker 3: But there are a lot of uneducated people in America
2:07
Speaker 3: White people too, a lot of uneducated white people. And
2:10
Speaker 3: I think the politicians are not doing themselves a favor
2:14
Speaker 3: by pandering to uneducated, low skilled workers, by making promises like, Yo,
2:20
Speaker 3: we want to make housing affordable. It's not going to
2:23
Speaker 3: get You can't do that, It's not impossible. You're like,
2:27
Speaker 3: we want to make sure that everybody has ability to
2:30
Speaker 3: get a good job. It's impossible, it's not gonna happen.
2:34
Speaker 3: And that's even when Tim Cook years ago and they
2:36
Speaker 3: was like, you know, he was in front of Concress
2:38
Speaker 3: and they were saying, like, how can we bring all
2:40
Speaker 3: of these jobs that Apple has overseas back to America?
2:43
Speaker 3: And he said, it's impossible. You can't bring them back
2:46
Speaker 3: to America because the price that we can pay people overseas,
2:50
Speaker 3: we can't do it in America. And it's so much regulation,
2:54
Speaker 3: red tape, you got unions, so much stuff. And then
2:56
Speaker 3: from the skills standpoint, the skills are not there as well.
2:58
Speaker 3: So no, I can't. I mean, just gotta be honest.
3:00
Speaker 3: Pricing is not is not going to be affordable. It's
3:03
Speaker 3: only going to go up. I just saw a report
3:05
Speaker 3: that there's more homeless people than ever, ten percent increase
3:08
Speaker 3: fro last year six I'm just thousands homeless people.
3:11
Speaker 4: It's crazy.
3:13
Speaker 3: So yeah, so housing is not going down. It's not
3:18
Speaker 3: gonna I don't care how much affordable housing you try
3:20
Speaker 3: to make or how much rent control. That's that's putting
3:23
Speaker 3: a band aid on a gunshot wound. The overall housing
3:26
Speaker 3: market is only going to continue to cause, like the
3:28
Speaker 3: stock market, housing prices go up. Over the course of time,
3:31
Speaker 3: less jobs will be available, and it's not going to
3:33
Speaker 3: be higher paying jobs. It's not gonna happen. A good
3:38
Speaker 3: job doesn't. There's no such thing as a good job.
3:40
Speaker 3: A good job is being an NBA player. That's that's
3:44
Speaker 3: a good job, you know what I'm saying. Like as
3:47
Speaker 3: far as trying to get a good job, as far
3:50
Speaker 3: as right.
3:51
Speaker 4: If you can break in, but it's really tough to
3:53
Speaker 4: break into.
3:54
Speaker 3: And even tech they had mass layoffs last year right
3:57
Speaker 3: when Meta laid off ten thousand people. Tech jobs are
4:01
Speaker 3: not guaranteed anyway, especially when it comes to AI taking
4:03
Speaker 3: a lot of tech jobs away, people running lean, leaner operations.
4:08
Speaker 3: So we just gotta be honest. This is this is
4:12
Speaker 3: a new age economy. And if you if you're if
4:15
Speaker 3: you're not participating at a high level as an entrepreneur,
4:18
Speaker 3: as an investor in technology, you're not gonna make it.
4:21
Speaker 3: You're not gonna make it. Everybody, everybody's not gonna make it.
4:25
Speaker 3: That that's the harsh reality of life. And I feel
4:27
Speaker 3: like other countries are embracing that. They and they're setting
4:32
Speaker 3: their children up to have mandatory skill sets. They're setting
4:37
Speaker 3: their children up to have less access to things that's
4:41
Speaker 3: not important because they know that they have no choice.
4:43
Speaker 3: Like we still want to, you know, act like it's
4:45
Speaker 3: nineteen fifty and say like everybody deserves a good paying job. Everybody, Yeah,
4:50
Speaker 3: they deserve it, but it's not gonna happen. And the
4:54
Speaker 3: more you feed people that lie, the more it's going
4:59
Speaker 3: to be tougher up for ands, tough for for people
5:01
Speaker 3: to actually survive in this economy for sure. So and
5:06
Speaker 3: that's on both that's on both sides of the our
5:08
Speaker 3: I think just politicians in general, it's you're pandering to people.
5:13
Speaker 3: I understand why you're pandering to them, but mhmm, you're
5:17
Speaker 3: telling people lies really by saying that it's not it's
5:20
Speaker 3: not something that is sustainable. And we have a major
5:23
Speaker 3: problem with a lot of uneducated, low skilled workers in America.
5:27
Speaker 3: We blame we blame migrants for the situation, but we
5:33
Speaker 3: got a lot of issues outside of the migrants. Migrants,
5:36
Speaker 3: that's not that's not the end all, be all. You
5:38
Speaker 3: can you cannot have one migrant come in for the
5:40
Speaker 3: rest of the year. It's still going to where where
5:44
Speaker 3: you're still going to live, Where are you still going
5:46
Speaker 3: to work, where you're still going to Like that's that's
5:48
Speaker 3: not going to solve every single problem by just trying
5:51
Speaker 3: to build a border fence.
5:52
Speaker 5: So even with that, every time I go to Mexico,
5:57
Speaker 5: they told all the Mexicans to build all and the
6:01
Speaker 5: Mexico gonna pay for it. And every time I go
6:02
Speaker 5: to Mexico, I see more white people than ever on
6:06
Speaker 5: international arbertries driving up the prices of homes and other
6:10
Speaker 5: places because the price has gotten too high here in
6:12
Speaker 5: the States, like if you don't have a mortgage or
6:16
Speaker 5: have a plan to be free and clear by the
6:18
Speaker 5: next fifteen years, like by twenty thirty, I was doing.
6:22
Speaker 5: I think I was looking this past weekend, I put
6:23
Speaker 5: in the stock Club the average home price in New
6:26
Speaker 5: York is gonna be nine hundred and ninety eight thousand.
6:29
Speaker 4: That's not that far away. It's not that far away.
6:33
Speaker 3: So for sure, And like you said, I mean, everybody
6:36
Speaker 3: talks about people that are driving up prices in America.
6:40
Speaker 3: Americas are driving up prices all over the.
6:42
Speaker 5: World everywhere else Italy, Rome, Australia, definitely, Mexico, Puerto Rico, yeah,
6:50
Speaker 5: ran the price up on the island, like go it dark,
6:53
Speaker 5: throw a dark yeah, yeah yeah, not be frankly, you said,
6:59
Speaker 5: is it.
7:00
Speaker 2: I just had this conversation of day about affordable housing.
7:03
Speaker 1: I'm like, that's really a subjective turn, because how do
7:05
Speaker 1: you determine what's affordable?
7:07
Speaker 2: Like you can.
7:08
Speaker 1: Go here in white Planes or in anyway in Westchester
7:12
Speaker 1: and a two bedroom is going to cost you three
7:14
Speaker 1: thousand dollars. Now you get it at affordable housing adds
7:17
Speaker 1: like eighteen hundred. If somebody doesn't have a job that's
7:20
Speaker 1: paying over sixty five seventy thousand, and then it's not
7:24
Speaker 1: how do you thirty percent?
7:25
Speaker 2: It just doesn't the math doesn't map.
7:27
Speaker 3: For clarification from from chat GBT, sixty two percent of
7:31
Speaker 3: United States adots do not hold a four year degree.
7:35
Speaker 2: That's what we said. That's not a search engine though,
7:36
Speaker 2: so it's not pulling off.
7:38
Speaker 3: On sixty two percent of Americans do not how to
7:40
Speaker 3: go to Google. It pours it pulls information from.
7:43
Speaker 2: Google, but it's not pulling She said this.
7:45
Speaker 1: That's why I said, you gotta so like take it
7:47
Speaker 1: from Google, take it from a search engine, where that's.
7:50
Speaker 3: Just just well, this is what this is what politicians
7:52
Speaker 3: told me as well. So sixty maybe they sixty two
7:55
Speaker 3: percent of Americans do not have four year degrees. That
8:01
Speaker 3: means thirty eight percent of Americans have four year degrees, right, And.
8:06
Speaker 2: It's still more people, more people don't have them than do.
8:09
Speaker 3: Yeah, I said seventy six, sixty two, it's still of
8:14
Speaker 3: the majority people don't. Majority of American adults do not
8:17
Speaker 3: have four year And like I said, having a four
8:19
Speaker 3: year degree does it doesn't mean that you're not intelligent.
8:21
Speaker 2: Let's just pause there. But and it doesn't mean that
8:24
Speaker 2: it guarantees you anything, No, of course not. But it's
8:27
Speaker 2: just crazy nothing it does.
8:29
Speaker 3: It does speak to a lot of formally uneducated people.
8:35
Speaker 2: Yeah, you know what.
8:36
Speaker 1: But that also ties into the the conversations we just
8:40
Speaker 1: had earlier about investing in Sally May, Like, if it's
8:45
Speaker 1: let's just say it's sixty forty, right, if sixty percent
8:47
Speaker 1: of the people are not accumulating that debt, does that
8:50
Speaker 1: tell you about the future trajectory of that company with
8:53
Speaker 1: the company, right, because that means that that number. I
8:56
Speaker 1: don't see that number swaying increasing.
8:59
Speaker 5: No, Right, I think people going to college has peaked,
9:01
Speaker 5: but peaked.
9:03
Speaker 3: But the course of college is going up. So even
9:06
Speaker 3: if it's less, if you have one, even if the
9:08
Speaker 3: college inflation is two times regular inflation. So even if
9:11
Speaker 3: it's less people going, they're still gonna be borrowing the
9:14
Speaker 3: raising prizey because the price is going up until two
9:17
Speaker 3: times higher than regular inflation.
9:19
Speaker 1: Until people just say I'm not going period, even if
9:22
Speaker 1: you're at that scale, right, Like, at a certain point,
9:26
Speaker 1: I can't go to n YU. Like if my daughter
9:28
Speaker 1: is like and granted, like, we're obviously blessed, but if
9:30
Speaker 1: she's like, let's say an average person who doesn't get
9:35
Speaker 1: a scholarship, A kid has great, it has pretty good grades,
9:38
Speaker 1: and he's like, I want to go to n YU
9:39
Speaker 1: and it's seventy thousand a year and you're talking a
9:41
Speaker 1: four year degree, Like that's tough.
9:45
Speaker 2: That becomes that becomes impossible.
9:47
Speaker 3: Well, what's your options if you don't have a college degree?
9:50
Speaker 4: Well? Google, what's alls all? Google?
9:52
Speaker 5: And Meta said it wasn't mandatory anymore a couple of
9:55
Speaker 5: years ago. That put some waves through that student loan
9:59
Speaker 5: markets and colleges have to do better.
10:01
Speaker 4: But I think we have to start.
10:03
Speaker 3: There's not a lot of high paying jobs. People that
10:06
Speaker 3: are highly skilled that only have high school diplomas in theory. Yes,
10:11
Speaker 3: But what I'm saying is that how many tech software
10:14
Speaker 3: engineers do you know that just taught themselves how to
10:16
Speaker 3: computer code and have never went to college. There are
10:18
Speaker 3: some people that have done that, right, But the vast
10:21
Speaker 3: majority of people that are just getting through high school
10:25
Speaker 3: without a high school degree, without with a high school
10:28
Speaker 3: diploma and have never gone to college or not finishing colleges.
10:31
Speaker 3: These people are not highly skilled workers in the workforce.
10:36
Speaker 3: This is people that I just know firsthand from my
10:38
Speaker 3: just first hand experience. Right, I don't know one person
10:41
Speaker 3: personally that has not graduated from college that is a
10:45
Speaker 3: highly skilled person. I'm not I'm just saying I'm just
10:47
Speaker 3: speaking from just people that I know personally.
10:52
Speaker 2: Yeah, I do.
10:53
Speaker 1: But I would say this this time is so unique
10:57
Speaker 1: because even if they don't have the degree, right, they
11:00
Speaker 1: still have an opportunity with technology to figure out how
11:05
Speaker 1: to do something right. Like YouTube has been again back
11:09
Speaker 1: to the first conversation of how showing you skill. Like literally,
11:13
Speaker 1: there are things that I've watched on YouTube and I'm like, Okay,
11:17
Speaker 1: I'm just gonna study this, right, Like people watch us
11:19
Speaker 1: and say that they're like, yo, I had no idea
11:22
Speaker 1: about this career. I watched that episode and yo, yeah
11:25
Speaker 1: sparked my mind to think, like, oh man, I can
11:28
Speaker 1: do this. Let me go dive down this rabbit hole
11:30
Speaker 1: to figure out more information about that.
11:32
Speaker 2: Now, are you highly skilled? I guess you got to
11:34
Speaker 2: be in the practice of doing it right.
11:36
Speaker 1: But the information is dead of the how Whereas before,
11:40
Speaker 1: if you didn't go to college, it was like I
11:42
Speaker 1: don't know what you're gonna do.
11:43
Speaker 2: Now it's like if you don't go to college, now
11:45
Speaker 2: there's some things you could still do.
11:46
Speaker 3: I mean, I'm just speaking. I'm just a practical person, right.
11:48
Speaker 3: So the average person that has a bachelor's degree earns
11:51
Speaker 3: between sixty five and seventy five thousand dollars a year.
11:54
Speaker 3: The average adult with a high school diploma earns between
11:57
Speaker 3: thirty five and forty thousand dollars a year.
11:59
Speaker 2: It was just a fact.
12:00
Speaker 3: So what I'm saying is that there's always going to
12:02
Speaker 3: be outliers, right, But I'm saying the vast majority of people,
12:06
Speaker 3: education at the highest level still lends you more opportunity
12:09
Speaker 3: to make more money. Right, So having a college degree
12:12
Speaker 3: is still going to give you a better opportunity in
12:14
Speaker 3: the grand scheme of things, to earn more money than
12:15
Speaker 3: you if you just have a high school diploma. You
12:17
Speaker 3: don't need to have a college degree to become a millionaire.
12:20
Speaker 3: You don't need to have a college degree to become
12:21
Speaker 3: a millionaire. Mark Zuckerberg does not have a college degree.
12:24
Speaker 3: But what I'm saying is that for the average American, right,
12:29
Speaker 3: the best pathway forward is still with college, which leads
12:32
Speaker 3: to debt. And being that the majority of people do
12:35
Speaker 3: not have college degrees, well, now you start to see
12:38
Speaker 3: why we're in economic trouble and why the average person
12:43
Speaker 3: is almost a twenty thousand dollars differences. That adds a lot.
12:47
Speaker 5: Yeah, but what do you what do you mean by
12:50
Speaker 5: the n and pay off a car by working in
12:53
Speaker 5: the factory.
12:53
Speaker 4: The people didn't do that. The politicians who sold the
12:55
Speaker 4: shit that you're going to fuck that up?
12:57
Speaker 2: Right, Like, I wouldn't say that those are the people
12:59
Speaker 2: that are in the economic trouble.
13:01
Speaker 3: No, I'm saying when I say economic trouble, saying the
13:03
Speaker 3: whole entire country is in economic trouble. So what I'm
13:06
Speaker 3: saying is that if you earn less money, right, you
13:09
Speaker 3: have the greatest strain on you for housing, for groceries,
13:15
Speaker 3: to buy a car, to put your kids in college,
13:17
Speaker 3: to put your kids in school. Right, So, when you
13:20
Speaker 3: have a lot of people earning less money, right, that's
13:24
Speaker 3: gonna cause a disruption in the ecosystem. So now you
13:28
Speaker 3: start to see, okay, now it makes sense with the majority.
13:31
Speaker 3: If there's twenty thousand dollars difference between people that graduate
13:33
Speaker 3: from college people that don't graduate from college, and sixty
13:38
Speaker 3: five percent whatever of people do not graduate from college,
13:42
Speaker 3: that means the majority of people are just off the
13:45
Speaker 3: bat have a tremendous harder to have a harder time
13:48
Speaker 3: to make money. Right. So, now you got a whole
13:51
Speaker 3: majority underclass of people that's gonna be harder for them
13:55
Speaker 3: to ever rise up, to ever make six figures, to
13:58
Speaker 3: ever become a million. That's gonna be t and it's
14:00
Speaker 3: harder for them right now when multiple generations start to
14:03
Speaker 3: do that, now you have millions and millions and millions
14:05
Speaker 3: of hundreds of millions of people that are all stuck
14:08
Speaker 3: in that same belly. Now it becomes a drain on
14:12
Speaker 3: society and it becomes difficult for those people to move
14:16
Speaker 3: up the economic ladder. As opposed to the people that's
14:19
Speaker 3: highly educated. They might not even become millionaires themselves, but
14:22
Speaker 3: they have a higher trajectory in life to earn more money,
14:26
Speaker 3: and that's going to be more beneficial for society.
14:31
Speaker 5: If I was a debt servicing company, wouldn't it behoove
14:35
Speaker 5: me to lobby to tell people that if you buy
14:39
Speaker 5: this thing for me, you're going to make twenty thousand
14:42
Speaker 5: more And if you don't buy this thing for me,
14:45
Speaker 5: you won't be able to have a white pick defense.
14:51
Speaker 4: We talk about on blackout.
14:53
Speaker 3: But so you're saying that the numbers of us are
14:56
Speaker 3: are not real numbers.
14:57
Speaker 4: Not saying that they're not real.
14:58
Speaker 5: But if I call the chaos as to why, because
15:02
Speaker 5: in the nineteen eighties, even through early nineteen nineties, most
15:05
Speaker 5: families in most cities could have a non degree based
15:11
Speaker 5: job and own a home.
15:13
Speaker 3: But those days are over with the days of working
15:17
Speaker 3: at a factory and becoming.
15:19
Speaker 4: While who caused that? Though a lot of.
15:22
Speaker 3: Things caused it, I think that just the general technology
15:25
Speaker 3: took away a lot of.
15:26
Speaker 2: Jobs, but it also created a lot of jobs.
15:29
Speaker 3: No, it did, but it took away a lot of
15:31
Speaker 3: low skilled jobs. Like before you can go to a
15:34
Speaker 3: power plan, you can do different. You could become a
15:36
Speaker 3: blue collar person and have two cars, have a have
15:41
Speaker 3: a home. You could live the American dream.
15:43
Speaker 4: With another family up the street and be okay with.
15:46
Speaker 3: Low skilled education, low skills and low education. What I'm
15:50
Speaker 3: saying is that now that that's that's difficult to do.
15:53
Speaker 3: It's difficult to live that life with low skills and
15:58
Speaker 3: low education. You got to have at least one or
16:00
Speaker 3: the other. Behoos you to have both.
16:02
Speaker 1: Yeah, I'm not denying that. I'm just saying that there's
16:05
Speaker 1: an opportunity to have a higher level education. Obviously, I
16:09
Speaker 1: think there needs to be school reformed, but there's an
16:11
Speaker 1: opportunity to have a higher level education without going to
16:15
Speaker 1: college university, whereas in the past that that wasn't an opportunity.
16:19
Speaker 3: No, for sure, I'm just saying. I mean, we've We've
16:21
Speaker 3: created a platform where people can educate themselves and make
16:24
Speaker 3: millions of dollars based off of information without going to
16:26
Speaker 3: college and school. So I understand that, But I'm just saying,
16:29
Speaker 3: just speaking large numbers, the educational system in America.
16:34
Speaker 2: Is broken, let's say, or is it working how it
16:36
Speaker 2: was supposed to do.
16:37
Speaker 5: Until it's not working until there's what Rocket Feller paying
16:42
Speaker 5: for for the American education system.
16:44
Speaker 4: It is working perfectly fine for what it was designed
16:47
Speaker 4: to do.
16:48
Speaker 3: Until it's not until until we until we don't have
16:51
Speaker 3: the biggest economy in the world, until we have so
16:54
Speaker 3: many unskilled workers that until this coming zone, until until
17:00
Speaker 3: so there's no more cake to feed the people. Right,
17:02
Speaker 3: that's what That's what the French revolution they she said,
17:04
Speaker 3: feed them cake.
17:06
Speaker 2: Well, they took it.
17:07
Speaker 3: They took a head off because of that sore.
17:10
Speaker 4: And death and income ratio one hundred and twenty five percent.
17:13
Speaker 3: The bread and circus works, you know what. The bread
17:16
Speaker 3: and circus worked, question, Mary, because they had a.
17:21
Speaker 2: Bread and circus.
17:23
Speaker 3: No Rome gave citizens free bread, and they provide them
17:26
Speaker 3: with a free circus. So we don't even have free
17:30
Speaker 3: you're not getting feed, free food unless you get a
17:34
Speaker 3: welfare voucher. But I was like, and even entertainment at
17:36
Speaker 3: this point, it's not even free. You got to have
17:38
Speaker 3: a television to even watch it. So it's like the
17:42
Speaker 3: bread and circus works as long as you could provide
17:45
Speaker 3: free circus and a free bread.
17:47
Speaker 6: An illegal alien from Guatemala charged with raping a child
17:50
Speaker 6: in Massachusetts. An MS thirteen gang member from El Salvador
17:54
Speaker 6: accused of murdering a Texas man of Venezuelan charged with
17:59
Speaker 6: filming and selling child pornography in Michigan. These are just
18:03
Speaker 6: some of the heinous migrant criminals caught because of President
18:06
Speaker 6: Donald J. Trump's leadership. I'm Christy Noman, the United States
18:10
Speaker 6: Secretary of Homeland Security. Under President Trump, attempted illegal border
18:15
Speaker 6: crossings are at the lowest levels ever recorded, and over
18:18
Speaker 6: one hundred thousand illegal aliens have been arrested. If you
18:22
Speaker 6: are here illegally, your next you will be fine nearly
18:26
Speaker 6: one thousand dollars a day, imprisoned, and deported. You will
18:30
Speaker 6: never return. But if you register using our CBP home
18:33
Speaker 6: app and leave now, you could be allowed to return legally.
18:37
Speaker 6: Do what's right. Leave now. Under President Trump, America's laws,
18:42
Speaker 6: border and families will be protected.
18:45
Speaker 2: Sponsored by the United States Department of Homeland Security,