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greyenlightenment  investments: META/FBL, TSLA, TQQQ, TECL, MSFT ...  1yr ago (greyenlightenment.com)   2798 thread views

Why the college bubble won’t pop

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On the wage inflation of degree holders.

Are the figures some sort of average? Because there could be the possibility that those earning disproportionately high (a relatively new thing) might be pulling those figures up. But if we maybe look at the Expected wage with the top x% sliced off (because that might just be impossible for most people to achieve ) the proposition might become a lot worse.

Because I have a suspicion that these numbers are being pulled up by VC funded sillicon valley firms that honestly pay some of their employees out of their ass. I understand that finding good programmers is difficult but I refuse to believe a front end dev is a better programmer than an embedded systems programmer, only one of them gets paid a ludicrous amount.

Among all workers aged 25 and older, the median salary of a college graduate with a bachelor's degree was $1,305 per week in 2020, according to the BLS. That's $67,860 over a 52-week year. So it's not like the average is too skewed by STEM.

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