WEBVTT - Is College Worth It? Analyzing the Economic Impact of Higher Education

0:00:01.360 --> 0:00:03.640
<v Speaker 1>This episode is brought to you by P and C Bank.

0:00:04.000 --> 0:00:06.760
<v Speaker 1>A lot of people think podcasts about work are boring,

0:00:07.000 --> 0:00:10.840
<v Speaker 1>and sure they definitely can be, but understanding a professionals

0:00:10.920 --> 0:00:14.160
<v Speaker 1>routine shows us how they achieve their success little by little,

0:00:14.560 --> 0:00:18.200
<v Speaker 1>day after day. It's like banking with P and C Bank.

0:00:18.680 --> 0:00:21.480
<v Speaker 1>It might seem boring to safe plan and make calculated

0:00:21.480 --> 0:00:24.599
<v Speaker 1>decisions with your bank, but keeping your money boring is

0:00:24.640 --> 0:00:27.960
<v Speaker 1>what helps you live or more happily fulfilled life. P

0:00:28.080 --> 0:00:32.879
<v Speaker 1>and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

0:00:32.960 --> 0:00:35.600
<v Speaker 1>Boring since eighteen sixty five is a service mark of

0:00:35.600 --> 0:00:38.840
<v Speaker 1>the PNC Financial Service Group, Inc. P and C Bank

0:00:39.280 --> 0:00:42.000
<v Speaker 1>National Association Member FDIC.

0:00:44.600 --> 0:00:45.279
<v Speaker 2>Erness What's Up?

0:00:45.360 --> 0:00:47.839
<v Speaker 1>You ever walk into a small business and everything just

0:00:47.960 --> 0:00:51.159
<v Speaker 1>works like the checkout is fast, the receipts are digital,

0:00:51.680 --> 0:00:54.640
<v Speaker 1>tipping is a breeze, and you're out the door before

0:00:54.680 --> 0:00:58.840
<v Speaker 1>the line even builds. Odds are they're using Square? We

0:00:58.960 --> 0:01:01.520
<v Speaker 1>love supporting business that run on Square because it just

0:01:01.560 --> 0:01:04.800
<v Speaker 1>feels seamless. Whether it's a local coffee shop, a vendor

0:01:04.840 --> 0:01:07.080
<v Speaker 1>at a pop up market, or even one of our

0:01:07.160 --> 0:01:10.800
<v Speaker 1>merch partners. Square makes it easy for them to take payments,

0:01:11.040 --> 0:01:14.760
<v Speaker 1>manage inventory, and run their business with confidence, all from

0:01:14.840 --> 0:01:18.240
<v Speaker 1>one simple system. If you're a business owner or even

0:01:18.360 --> 0:01:21.880
<v Speaker 1>just thinking about launching something soon, Square is hands down

0:01:21.880 --> 0:01:24.959
<v Speaker 1>one of the best tools out there to help you start, run,

0:01:25.160 --> 0:01:28.480
<v Speaker 1>and grow. It's not just about payments, it's about giving

0:01:28.520 --> 0:01:31.160
<v Speaker 1>you time back so you can focus on what matters

0:01:31.200 --> 0:01:34.480
<v Speaker 1>most ready. To see how Square can transform your business,

0:01:34.720 --> 0:01:39.360
<v Speaker 1>visit Square dot com backslash go backslash eyl to learn

0:01:39.400 --> 0:01:44.600
<v Speaker 1>more that Square dot com backslash, go backslash eyl. Don't wait,

0:01:44.920 --> 0:01:47.720
<v Speaker 1>don't hesitate. Let's Square handle the back end so you

0:01:47.760 --> 0:01:49.400
<v Speaker 1>can keep pushing your vision forward.

0:01:51.600 --> 0:01:53.600
<v Speaker 3>You know, I didn't realize seventy percent of Americans don't

0:01:53.600 --> 0:01:54.400
<v Speaker 3>have college degrees.

0:01:55.800 --> 0:01:57.680
<v Speaker 4>You know what I mean. I didn't know that.

0:01:58.720 --> 0:02:01.720
<v Speaker 3>Yeah, so I have to have a college to be successful.

0:02:02.040 --> 0:02:06.440
<v Speaker 3>But there are a lot of uneducated people in America

0:02:07.360 --> 0:02:10.320
<v Speaker 3>White people too, a lot of uneducated white people. And

0:02:10.960 --> 0:02:14.320
<v Speaker 3>I think the politicians are not doing themselves a favor

0:02:14.760 --> 0:02:20.320
<v Speaker 3>by pandering to uneducated, low skilled workers, by making promises like, Yo,

0:02:20.400 --> 0:02:23.919
<v Speaker 3>we want to make housing affordable. It's not going to

0:02:23.960 --> 0:02:27.520
<v Speaker 3>get You can't do that, It's not impossible. You're like,

0:02:27.720 --> 0:02:30.359
<v Speaker 3>we want to make sure that everybody has ability to

0:02:30.360 --> 0:02:33.600
<v Speaker 3>get a good job. It's impossible, it's not gonna happen.

0:02:34.639 --> 0:02:36.800
<v Speaker 3>And that's even when Tim Cook years ago and they

0:02:36.840 --> 0:02:38.520
<v Speaker 3>was like, you know, he was in front of Concress

0:02:38.520 --> 0:02:40.120
<v Speaker 3>and they were saying, like, how can we bring all

0:02:40.160 --> 0:02:42.640
<v Speaker 3>of these jobs that Apple has overseas back to America?

0:02:43.880 --> 0:02:46.320
<v Speaker 3>And he said, it's impossible. You can't bring them back

0:02:46.320 --> 0:02:49.160
<v Speaker 3>to America because the price that we can pay people overseas,

0:02:50.000 --> 0:02:54.400
<v Speaker 3>we can't do it in America. And it's so much regulation,

0:02:54.600 --> 0:02:56.640
<v Speaker 3>red tape, you got unions, so much stuff. And then

0:02:56.680 --> 0:02:58.720
<v Speaker 3>from the skills standpoint, the skills are not there as well.

0:02:58.800 --> 0:03:00.720
<v Speaker 3>So no, I can't. I mean, just gotta be honest.

0:03:00.919 --> 0:03:03.280
<v Speaker 3>Pricing is not is not going to be affordable. It's

0:03:03.280 --> 0:03:05.080
<v Speaker 3>only going to go up. I just saw a report

0:03:05.120 --> 0:03:08.440
<v Speaker 3>that there's more homeless people than ever, ten percent increase

0:03:08.440 --> 0:03:10.240
<v Speaker 3>fro last year six I'm just thousands homeless people.

0:03:11.760 --> 0:03:12.639
<v Speaker 4>It's crazy.

0:03:13.040 --> 0:03:18.560
<v Speaker 3>So yeah, so housing is not going down. It's not

0:03:18.600 --> 0:03:20.720
<v Speaker 3>gonna I don't care how much affordable housing you try

0:03:20.720 --> 0:03:23.960
<v Speaker 3>to make or how much rent control. That's that's putting

0:03:23.960 --> 0:03:26.440
<v Speaker 3>a band aid on a gunshot wound. The overall housing

0:03:26.480 --> 0:03:28.000
<v Speaker 3>market is only going to continue to cause, like the

0:03:28.000 --> 0:03:30.280
<v Speaker 3>stock market, housing prices go up. Over the course of time,

0:03:31.160 --> 0:03:33.919
<v Speaker 3>less jobs will be available, and it's not going to

0:03:33.960 --> 0:03:38.160
<v Speaker 3>be higher paying jobs. It's not gonna happen. A good

0:03:38.280 --> 0:03:40.600
<v Speaker 3>job doesn't. There's no such thing as a good job.

0:03:40.640 --> 0:03:44.800
<v Speaker 3>A good job is being an NBA player. That's that's

0:03:44.840 --> 0:03:47.520
<v Speaker 3>a good job, you know what I'm saying. Like as

0:03:47.560 --> 0:03:50.480
<v Speaker 3>far as trying to get a good job, as far

0:03:50.520 --> 0:03:51.000
<v Speaker 3>as right.

0:03:51.600 --> 0:03:53.160
<v Speaker 4>If you can break in, but it's really tough to

0:03:53.200 --> 0:03:53.640
<v Speaker 4>break into.

0:03:54.200 --> 0:03:57.680
<v Speaker 3>And even tech they had mass layoffs last year right

0:03:57.800 --> 0:04:01.120
<v Speaker 3>when Meta laid off ten thousand people. Tech jobs are

0:04:01.160 --> 0:04:03.720
<v Speaker 3>not guaranteed anyway, especially when it comes to AI taking

0:04:03.760 --> 0:04:08.080
<v Speaker 3>a lot of tech jobs away, people running lean, leaner operations.

0:04:08.520 --> 0:04:12.880
<v Speaker 3>So we just gotta be honest. This is this is

0:04:12.880 --> 0:04:15.640
<v Speaker 3>a new age economy. And if you if you're if

0:04:15.680 --> 0:04:18.840
<v Speaker 3>you're not participating at a high level as an entrepreneur,

0:04:18.880 --> 0:04:21.880
<v Speaker 3>as an investor in technology, you're not gonna make it.

0:04:21.920 --> 0:04:24.160
<v Speaker 3>You're not gonna make it. Everybody, everybody's not gonna make it.

0:04:25.040 --> 0:04:27.799
<v Speaker 3>That that's the harsh reality of life. And I feel

0:04:27.800 --> 0:04:32.720
<v Speaker 3>like other countries are embracing that. They and they're setting

0:04:32.760 --> 0:04:37.719
<v Speaker 3>their children up to have mandatory skill sets. They're setting

0:04:37.720 --> 0:04:40.960
<v Speaker 3>their children up to have less access to things that's

0:04:41.000 --> 0:04:43.480
<v Speaker 3>not important because they know that they have no choice.

0:04:43.520 --> 0:04:45.880
<v Speaker 3>Like we still want to, you know, act like it's

0:04:45.960 --> 0:04:50.520
<v Speaker 3>nineteen fifty and say like everybody deserves a good paying job. Everybody, Yeah,

0:04:50.520 --> 0:04:54.680
<v Speaker 3>they deserve it, but it's not gonna happen. And the

0:04:54.680 --> 0:04:59.040
<v Speaker 3>more you feed people that lie, the more it's going

0:04:59.120 --> 0:05:01.920
<v Speaker 3>to be tougher up for ands, tough for for people

0:05:01.920 --> 0:05:06.760
<v Speaker 3>to actually survive in this economy for sure. So and

0:05:06.800 --> 0:05:08.720
<v Speaker 3>that's on both that's on both sides of the our

0:05:08.839 --> 0:05:13.480
<v Speaker 3>I think just politicians in general, it's you're pandering to people.

0:05:13.880 --> 0:05:17.360
<v Speaker 3>I understand why you're pandering to them, but mhmm, you're

0:05:17.360 --> 0:05:20.240
<v Speaker 3>telling people lies really by saying that it's not it's

0:05:20.279 --> 0:05:23.440
<v Speaker 3>not something that is sustainable. And we have a major

0:05:23.480 --> 0:05:27.440
<v Speaker 3>problem with a lot of uneducated, low skilled workers in America.

0:05:27.960 --> 0:05:33.040
<v Speaker 3>We blame we blame migrants for the situation, but we

0:05:33.160 --> 0:05:36.040
<v Speaker 3>got a lot of issues outside of the migrants. Migrants,

0:05:36.080 --> 0:05:38.440
<v Speaker 3>that's not that's not the end all, be all. You

0:05:38.480 --> 0:05:40.479
<v Speaker 3>can you cannot have one migrant come in for the

0:05:40.520 --> 0:05:44.280
<v Speaker 3>rest of the year. It's still going to where where

0:05:44.360 --> 0:05:46.080
<v Speaker 3>you're still going to live, Where are you still going

0:05:46.160 --> 0:05:48.680
<v Speaker 3>to work, where you're still going to Like that's that's

0:05:48.720 --> 0:05:51.159
<v Speaker 3>not going to solve every single problem by just trying

0:05:51.160 --> 0:05:52.440
<v Speaker 3>to build a border fence.

0:05:52.520 --> 0:05:57.320
<v Speaker 5>So even with that, every time I go to Mexico,

0:05:57.480 --> 0:06:01.000
<v Speaker 5>they told all the Mexicans to build all and the

0:06:01.400 --> 0:06:02.960
<v Speaker 5>Mexico gonna pay for it. And every time I go

0:06:02.960 --> 0:06:06.480
<v Speaker 5>to Mexico, I see more white people than ever on

0:06:06.600 --> 0:06:10.240
<v Speaker 5>international arbertries driving up the prices of homes and other

0:06:10.240 --> 0:06:12.680
<v Speaker 5>places because the price has gotten too high here in

0:06:12.680 --> 0:06:16.080
<v Speaker 5>the States, like if you don't have a mortgage or

0:06:16.160 --> 0:06:18.640
<v Speaker 5>have a plan to be free and clear by the

0:06:18.680 --> 0:06:22.160
<v Speaker 5>next fifteen years, like by twenty thirty, I was doing.

0:06:22.200 --> 0:06:23.760
<v Speaker 5>I think I was looking this past weekend, I put

0:06:23.800 --> 0:06:26.360
<v Speaker 5>in the stock Club the average home price in New

0:06:26.440 --> 0:06:29.160
<v Speaker 5>York is gonna be nine hundred and ninety eight thousand.

0:06:29.560 --> 0:06:32.960
<v Speaker 4>That's not that far away. It's not that far away.

0:06:33.360 --> 0:06:36.159
<v Speaker 3>So for sure, And like you said, I mean, everybody

0:06:36.200 --> 0:06:40.599
<v Speaker 3>talks about people that are driving up prices in America.

0:06:40.680 --> 0:06:42.360
<v Speaker 3>Americas are driving up prices all over the.

0:06:42.279 --> 0:06:50.839
<v Speaker 5>World everywhere else Italy, Rome, Australia, definitely, Mexico, Puerto Rico, yeah,

0:06:50.920 --> 0:06:52.839
<v Speaker 5>ran the price up on the island, like go it dark,

0:06:53.279 --> 0:06:58.840
<v Speaker 5>throw a dark yeah, yeah yeah, not be frankly, you said,

0:06:59.560 --> 0:06:59.680
<v Speaker 5>is it.

0:07:00.440 --> 0:07:02.559
<v Speaker 2>I just had this conversation of day about affordable housing.

0:07:03.000 --> 0:07:05.680
<v Speaker 1>I'm like, that's really a subjective turn, because how do

0:07:05.720 --> 0:07:06.839
<v Speaker 1>you determine what's affordable?

0:07:07.839 --> 0:07:09.080
<v Speaker 2>Like you can.

0:07:08.960 --> 0:07:12.280
<v Speaker 1>Go here in white Planes or in anyway in Westchester

0:07:12.360 --> 0:07:14.160
<v Speaker 1>and a two bedroom is going to cost you three

0:07:14.200 --> 0:07:17.840
<v Speaker 1>thousand dollars. Now you get it at affordable housing adds

0:07:17.920 --> 0:07:20.920
<v Speaker 1>like eighteen hundred. If somebody doesn't have a job that's

0:07:20.960 --> 0:07:24.160
<v Speaker 1>paying over sixty five seventy thousand, and then it's not

0:07:24.320 --> 0:07:25.360
<v Speaker 1>how do you thirty percent?

0:07:25.400 --> 0:07:27.040
<v Speaker 2>It just doesn't the math doesn't map.

0:07:27.680 --> 0:07:31.800
<v Speaker 3>For clarification from from chat GBT, sixty two percent of

0:07:31.960 --> 0:07:34.960
<v Speaker 3>United States adots do not hold a four year degree.

0:07:35.000 --> 0:07:36.840
<v Speaker 2>That's what we said. That's not a search engine though,

0:07:36.960 --> 0:07:38.120
<v Speaker 2>so it's not pulling off.

0:07:38.000 --> 0:07:40.840
<v Speaker 3>On sixty two percent of Americans do not how to

0:07:40.840 --> 0:07:43.960
<v Speaker 3>go to Google. It pours it pulls information from.

0:07:43.920 --> 0:07:45.680
<v Speaker 2>Google, but it's not pulling She said this.

0:07:45.880 --> 0:07:47.960
<v Speaker 1>That's why I said, you gotta so like take it

0:07:47.960 --> 0:07:50.640
<v Speaker 1>from Google, take it from a search engine, where that's.

0:07:50.520 --> 0:07:52.480
<v Speaker 3>Just just well, this is what this is what politicians

0:07:52.480 --> 0:07:55.520
<v Speaker 3>told me as well. So sixty maybe they sixty two

0:07:55.560 --> 0:08:01.240
<v Speaker 3>percent of Americans do not have four year degrees. That

0:08:01.320 --> 0:08:06.080
<v Speaker 3>means thirty eight percent of Americans have four year degrees, right, And.

0:08:06.320 --> 0:08:09.080
<v Speaker 2>It's still more people, more people don't have them than do.

0:08:09.280 --> 0:08:14.239
<v Speaker 3>Yeah, I said seventy six, sixty two, it's still of

0:08:14.280 --> 0:08:17.720
<v Speaker 3>the majority people don't. Majority of American adults do not

0:08:17.720 --> 0:08:19.440
<v Speaker 3>have four year And like I said, having a four

0:08:19.480 --> 0:08:21.840
<v Speaker 3>year degree does it doesn't mean that you're not intelligent.

0:08:21.920 --> 0:08:24.600
<v Speaker 2>Let's just pause there. But and it doesn't mean that

0:08:24.640 --> 0:08:27.560
<v Speaker 2>it guarantees you anything, No, of course not. But it's

0:08:27.640 --> 0:08:29.600
<v Speaker 2>just crazy nothing it does.

0:08:29.720 --> 0:08:35.000
<v Speaker 3>It does speak to a lot of formally uneducated people.

0:08:35.400 --> 0:08:36.160
<v Speaker 2>Yeah, you know what.

0:08:36.240 --> 0:08:40.400
<v Speaker 1>But that also ties into the the conversations we just

0:08:40.400 --> 0:08:44.760
<v Speaker 1>had earlier about investing in Sally May, Like, if it's

0:08:45.400 --> 0:08:47.800
<v Speaker 1>let's just say it's sixty forty, right, if sixty percent

0:08:47.840 --> 0:08:50.640
<v Speaker 1>of the people are not accumulating that debt, does that

0:08:50.720 --> 0:08:53.760
<v Speaker 1>tell you about the future trajectory of that company with

0:08:53.800 --> 0:08:56.319
<v Speaker 1>the company, right, because that means that that number. I

0:08:56.360 --> 0:08:58.800
<v Speaker 1>don't see that number swaying increasing.

0:08:59.000 --> 0:09:01.560
<v Speaker 5>No, Right, I think people going to college has peaked,

0:09:01.960 --> 0:09:02.920
<v Speaker 5>but peaked.

0:09:03.920 --> 0:09:06.360
<v Speaker 3>But the course of college is going up. So even

0:09:06.400 --> 0:09:08.319
<v Speaker 3>if it's less, if you have one, even if the

0:09:08.760 --> 0:09:11.959
<v Speaker 3>college inflation is two times regular inflation. So even if

0:09:11.960 --> 0:09:14.800
<v Speaker 3>it's less people going, they're still gonna be borrowing the

0:09:14.920 --> 0:09:17.840
<v Speaker 3>raising prizey because the price is going up until two

0:09:17.880 --> 0:09:19.280
<v Speaker 3>times higher than regular inflation.

0:09:19.520 --> 0:09:22.679
<v Speaker 1>Until people just say I'm not going period, even if

0:09:22.720 --> 0:09:26.200
<v Speaker 1>you're at that scale, right, Like, at a certain point,

0:09:26.440 --> 0:09:28.360
<v Speaker 1>I can't go to n YU. Like if my daughter

0:09:28.440 --> 0:09:30.640
<v Speaker 1>is like and granted, like, we're obviously blessed, but if

0:09:30.640 --> 0:09:35.679
<v Speaker 1>she's like, let's say an average person who doesn't get

0:09:35.720 --> 0:09:38.160
<v Speaker 1>a scholarship, A kid has great, it has pretty good grades,

0:09:38.160 --> 0:09:39.240
<v Speaker 1>and he's like, I want to go to n YU

0:09:39.280 --> 0:09:41.880
<v Speaker 1>and it's seventy thousand a year and you're talking a

0:09:41.920 --> 0:09:44.280
<v Speaker 1>four year degree, Like that's tough.

0:09:45.160 --> 0:09:47.199
<v Speaker 2>That becomes that becomes impossible.

0:09:47.240 --> 0:09:49.360
<v Speaker 3>Well, what's your options if you don't have a college degree?

0:09:50.480 --> 0:09:52.120
<v Speaker 4>Well? Google, what's alls all? Google?

0:09:52.120 --> 0:09:55.520
<v Speaker 5>And Meta said it wasn't mandatory anymore a couple of

0:09:55.600 --> 0:09:59.400
<v Speaker 5>years ago. That put some waves through that student loan

0:09:59.400 --> 0:10:01.160
<v Speaker 5>markets and colleges have to do better.

0:10:01.840 --> 0:10:03.040
<v Speaker 4>But I think we have to start.

0:10:03.520 --> 0:10:06.000
<v Speaker 3>There's not a lot of high paying jobs. People that

0:10:06.040 --> 0:10:10.320
<v Speaker 3>are highly skilled that only have high school diplomas in theory. Yes,

0:10:11.040 --> 0:10:14.000
<v Speaker 3>But what I'm saying is that how many tech software

0:10:14.120 --> 0:10:16.439
<v Speaker 3>engineers do you know that just taught themselves how to

0:10:16.559 --> 0:10:18.880
<v Speaker 3>computer code and have never went to college. There are

0:10:18.920 --> 0:10:21.400
<v Speaker 3>some people that have done that, right, But the vast

0:10:21.480 --> 0:10:25.839
<v Speaker 3>majority of people that are just getting through high school

0:10:25.840 --> 0:10:28.280
<v Speaker 3>without a high school degree, without with a high school

0:10:28.280 --> 0:10:31.360
<v Speaker 3>diploma and have never gone to college or not finishing colleges.

0:10:31.880 --> 0:10:36.000
<v Speaker 3>These people are not highly skilled workers in the workforce.

0:10:36.240 --> 0:10:37.920
<v Speaker 3>This is people that I just know firsthand from my

0:10:38.040 --> 0:10:40.440
<v Speaker 3>just first hand experience. Right, I don't know one person

0:10:41.320 --> 0:10:45.160
<v Speaker 3>personally that has not graduated from college that is a

0:10:45.240 --> 0:10:47.240
<v Speaker 3>highly skilled person. I'm not I'm just saying I'm just

0:10:47.240 --> 0:10:49.000
<v Speaker 3>speaking from just people that I know personally.

0:10:52.200 --> 0:10:52.840
<v Speaker 2>Yeah, I do.

0:10:53.040 --> 0:10:57.240
<v Speaker 1>But I would say this this time is so unique

0:10:57.280 --> 0:11:00.880
<v Speaker 1>because even if they don't have the degree, right, they

0:11:00.960 --> 0:11:05.160
<v Speaker 1>still have an opportunity with technology to figure out how

0:11:05.200 --> 0:11:09.839
<v Speaker 1>to do something right. Like YouTube has been again back

0:11:09.880 --> 0:11:13.720
<v Speaker 1>to the first conversation of how showing you skill. Like literally,

0:11:13.720 --> 0:11:17.120
<v Speaker 1>there are things that I've watched on YouTube and I'm like, Okay,

0:11:17.200 --> 0:11:19.880
<v Speaker 1>I'm just gonna study this, right, Like people watch us

0:11:19.960 --> 0:11:22.480
<v Speaker 1>and say that they're like, yo, I had no idea

0:11:22.520 --> 0:11:25.600
<v Speaker 1>about this career. I watched that episode and yo, yeah

0:11:25.760 --> 0:11:28.400
<v Speaker 1>sparked my mind to think, like, oh man, I can

0:11:28.480 --> 0:11:30.679
<v Speaker 1>do this. Let me go dive down this rabbit hole

0:11:30.720 --> 0:11:32.320
<v Speaker 1>to figure out more information about that.

0:11:32.679 --> 0:11:34.880
<v Speaker 2>Now, are you highly skilled? I guess you got to

0:11:34.920 --> 0:11:36.640
<v Speaker 2>be in the practice of doing it right.

0:11:36.679 --> 0:11:40.080
<v Speaker 1>But the information is dead of the how Whereas before,

0:11:40.360 --> 0:11:42.400
<v Speaker 1>if you didn't go to college, it was like I

0:11:42.400 --> 0:11:43.360
<v Speaker 1>don't know what you're gonna do.

0:11:43.400 --> 0:11:44.960
<v Speaker 2>Now it's like if you don't go to college, now

0:11:45.000 --> 0:11:46.280
<v Speaker 2>there's some things you could still do.

0:11:46.400 --> 0:11:48.840
<v Speaker 3>I mean, I'm just speaking. I'm just a practical person, right.

0:11:48.880 --> 0:11:51.920
<v Speaker 3>So the average person that has a bachelor's degree earns

0:11:51.960 --> 0:11:54.360
<v Speaker 3>between sixty five and seventy five thousand dollars a year.

0:11:54.760 --> 0:11:57.600
<v Speaker 3>The average adult with a high school diploma earns between

0:11:57.600 --> 0:11:59.360
<v Speaker 3>thirty five and forty thousand dollars a year.

0:11:59.559 --> 0:12:00.320
<v Speaker 2>It was just a fact.

0:12:00.400 --> 0:12:02.160
<v Speaker 3>So what I'm saying is that there's always going to

0:12:02.200 --> 0:12:05.400
<v Speaker 3>be outliers, right, But I'm saying the vast majority of people,

0:12:06.440 --> 0:12:09.599
<v Speaker 3>education at the highest level still lends you more opportunity

0:12:09.640 --> 0:12:12.160
<v Speaker 3>to make more money. Right, So having a college degree

0:12:12.200 --> 0:12:13.959
<v Speaker 3>is still going to give you a better opportunity in

0:12:14.000 --> 0:12:15.800
<v Speaker 3>the grand scheme of things, to earn more money than

0:12:15.840 --> 0:12:17.640
<v Speaker 3>you if you just have a high school diploma. You

0:12:17.640 --> 0:12:20.160
<v Speaker 3>don't need to have a college degree to become a millionaire.

0:12:20.520 --> 0:12:21.960
<v Speaker 3>You don't need to have a college degree to become

0:12:21.960 --> 0:12:24.600
<v Speaker 3>a millionaire. Mark Zuckerberg does not have a college degree.

0:12:24.880 --> 0:12:28.640
<v Speaker 3>But what I'm saying is that for the average American, right,

0:12:29.120 --> 0:12:32.480
<v Speaker 3>the best pathway forward is still with college, which leads

0:12:32.480 --> 0:12:35.600
<v Speaker 3>to debt. And being that the majority of people do

0:12:35.720 --> 0:12:38.480
<v Speaker 3>not have college degrees, well, now you start to see

0:12:38.520 --> 0:12:43.080
<v Speaker 3>why we're in economic trouble and why the average person

0:12:43.320 --> 0:12:47.000
<v Speaker 3>is almost a twenty thousand dollars differences. That adds a lot.

0:12:47.080 --> 0:12:49.679
<v Speaker 5>Yeah, but what do you what do you mean by

0:12:50.440 --> 0:12:53.280
<v Speaker 5>the n and pay off a car by working in

0:12:53.280 --> 0:12:53.800
<v Speaker 5>the factory.

0:12:53.800 --> 0:12:55.960
<v Speaker 4>The people didn't do that. The politicians who sold the

0:12:55.960 --> 0:12:57.319
<v Speaker 4>shit that you're going to fuck that up?

0:12:57.840 --> 0:12:59.640
<v Speaker 2>Right, Like, I wouldn't say that those are the people

0:12:59.640 --> 0:13:01.040
<v Speaker 2>that are in the economic trouble.

0:13:01.120 --> 0:13:03.360
<v Speaker 3>No, I'm saying when I say economic trouble, saying the

0:13:03.360 --> 0:13:06.160
<v Speaker 3>whole entire country is in economic trouble. So what I'm

0:13:06.200 --> 0:13:09.360
<v Speaker 3>saying is that if you earn less money, right, you

0:13:09.559 --> 0:13:14.400
<v Speaker 3>have the greatest strain on you for housing, for groceries,

0:13:15.200 --> 0:13:17.280
<v Speaker 3>to buy a car, to put your kids in college,

0:13:17.280 --> 0:13:20.080
<v Speaker 3>to put your kids in school. Right, So, when you

0:13:20.160 --> 0:13:24.360
<v Speaker 3>have a lot of people earning less money, right, that's

0:13:24.400 --> 0:13:27.960
<v Speaker 3>gonna cause a disruption in the ecosystem. So now you

0:13:28.040 --> 0:13:30.960
<v Speaker 3>start to see, okay, now it makes sense with the majority.

0:13:31.000 --> 0:13:33.800
<v Speaker 3>If there's twenty thousand dollars difference between people that graduate

0:13:33.840 --> 0:13:38.040
<v Speaker 3>from college people that don't graduate from college, and sixty

0:13:38.400 --> 0:13:42.080
<v Speaker 3>five percent whatever of people do not graduate from college,

0:13:42.160 --> 0:13:45.160
<v Speaker 3>that means the majority of people are just off the

0:13:45.200 --> 0:13:48.760
<v Speaker 3>bat have a tremendous harder to have a harder time

0:13:48.840 --> 0:13:50.840
<v Speaker 3>to make money. Right. So, now you got a whole

0:13:51.320 --> 0:13:55.720
<v Speaker 3>majority underclass of people that's gonna be harder for them

0:13:55.720 --> 0:13:58.360
<v Speaker 3>to ever rise up, to ever make six figures, to

0:13:58.440 --> 0:14:00.280
<v Speaker 3>ever become a million. That's gonna be t and it's

0:14:00.480 --> 0:14:03.599
<v Speaker 3>harder for them right now when multiple generations start to

0:14:03.640 --> 0:14:05.440
<v Speaker 3>do that, now you have millions and millions and millions

0:14:05.440 --> 0:14:08.160
<v Speaker 3>of hundreds of millions of people that are all stuck

0:14:08.200 --> 0:14:12.040
<v Speaker 3>in that same belly. Now it becomes a drain on

0:14:12.200 --> 0:14:16.640
<v Speaker 3>society and it becomes difficult for those people to move

0:14:16.720 --> 0:14:19.400
<v Speaker 3>up the economic ladder. As opposed to the people that's

0:14:19.440 --> 0:14:22.400
<v Speaker 3>highly educated. They might not even become millionaires themselves, but

0:14:22.400 --> 0:14:26.720
<v Speaker 3>they have a higher trajectory in life to earn more money,

0:14:26.880 --> 0:14:31.240
<v Speaker 3>and that's going to be more beneficial for society.

0:14:31.320 --> 0:14:35.480
<v Speaker 5>If I was a debt servicing company, wouldn't it behoove

0:14:35.600 --> 0:14:39.800
<v Speaker 5>me to lobby to tell people that if you buy

0:14:39.960 --> 0:14:42.920
<v Speaker 5>this thing for me, you're going to make twenty thousand

0:14:42.920 --> 0:14:44.560
<v Speaker 5>more And if you don't buy this thing for me,

0:14:45.080 --> 0:14:47.240
<v Speaker 5>you won't be able to have a white pick defense.

0:14:51.600 --> 0:14:52.800
<v Speaker 4>We talk about on blackout.

0:14:53.080 --> 0:14:55.520
<v Speaker 3>But so you're saying that the numbers of us are

0:14:56.120 --> 0:14:57.840
<v Speaker 3>are not real numbers.

0:14:57.880 --> 0:14:58.840
<v Speaker 4>Not saying that they're not real.

0:14:58.880 --> 0:15:02.520
<v Speaker 5>But if I call the chaos as to why, because

0:15:02.560 --> 0:15:05.480
<v Speaker 5>in the nineteen eighties, even through early nineteen nineties, most

0:15:05.520 --> 0:15:11.040
<v Speaker 5>families in most cities could have a non degree based

0:15:11.120 --> 0:15:13.280
<v Speaker 5>job and own a home.

0:15:13.680 --> 0:15:17.160
<v Speaker 3>But those days are over with the days of working

0:15:17.160 --> 0:15:19.120
<v Speaker 3>at a factory and becoming.

0:15:19.440 --> 0:15:22.280
<v Speaker 4>While who caused that? Though a lot of.

0:15:22.200 --> 0:15:25.320
<v Speaker 3>Things caused it, I think that just the general technology

0:15:25.480 --> 0:15:26.360
<v Speaker 3>took away a lot of.

0:15:26.360 --> 0:15:28.400
<v Speaker 2>Jobs, but it also created a lot of jobs.

0:15:29.600 --> 0:15:31.440
<v Speaker 3>No, it did, but it took away a lot of

0:15:31.480 --> 0:15:34.600
<v Speaker 3>low skilled jobs. Like before you can go to a

0:15:34.640 --> 0:15:36.680
<v Speaker 3>power plan, you can do different. You could become a

0:15:36.680 --> 0:15:41.320
<v Speaker 3>blue collar person and have two cars, have a have

0:15:41.400 --> 0:15:44.040
<v Speaker 3>a home. You could live the American dream.

0:15:43.880 --> 0:15:46.440
<v Speaker 4>With another family up the street and be okay with.

0:15:46.560 --> 0:15:50.480
<v Speaker 3>Low skilled education, low skills and low education. What I'm

0:15:50.520 --> 0:15:52.880
<v Speaker 3>saying is that now that that's that's difficult to do.

0:15:53.200 --> 0:15:57.720
<v Speaker 3>It's difficult to live that life with low skills and

0:15:58.280 --> 0:16:00.360
<v Speaker 3>low education. You got to have at least one or

0:16:00.360 --> 0:16:02.840
<v Speaker 3>the other. Behoos you to have both.

0:16:02.920 --> 0:16:05.160
<v Speaker 1>Yeah, I'm not denying that. I'm just saying that there's

0:16:05.160 --> 0:16:09.920
<v Speaker 1>an opportunity to have a higher level education. Obviously, I

0:16:09.920 --> 0:16:11.720
<v Speaker 1>think there needs to be school reformed, but there's an

0:16:11.760 --> 0:16:14.920
<v Speaker 1>opportunity to have a higher level education without going to

0:16:15.160 --> 0:16:19.720
<v Speaker 1>college university, whereas in the past that that wasn't an opportunity.

0:16:19.920 --> 0:16:21.840
<v Speaker 3>No, for sure, I'm just saying. I mean, we've We've

0:16:21.880 --> 0:16:24.440
<v Speaker 3>created a platform where people can educate themselves and make

0:16:24.520 --> 0:16:26.680
<v Speaker 3>millions of dollars based off of information without going to

0:16:26.680 --> 0:16:29.320
<v Speaker 3>college and school. So I understand that, But I'm just saying,

0:16:29.720 --> 0:16:34.400
<v Speaker 3>just speaking large numbers, the educational system in America.

0:16:34.560 --> 0:16:36.600
<v Speaker 2>Is broken, let's say, or is it working how it

0:16:36.680 --> 0:16:37.240
<v Speaker 2>was supposed to do.

0:16:37.840 --> 0:16:41.920
<v Speaker 5>Until it's not working until there's what Rocket Feller paying

0:16:42.000 --> 0:16:44.160
<v Speaker 5>for for the American education system.

0:16:44.320 --> 0:16:47.400
<v Speaker 4>It is working perfectly fine for what it was designed

0:16:47.400 --> 0:16:47.600
<v Speaker 4>to do.

0:16:48.320 --> 0:16:51.680
<v Speaker 3>Until it's not until until we until we don't have

0:16:51.720 --> 0:16:54.000
<v Speaker 3>the biggest economy in the world, until we have so

0:16:54.040 --> 0:16:59.800
<v Speaker 3>many unskilled workers that until this coming zone, until until

0:17:00.040 --> 0:17:02.560
<v Speaker 3>so there's no more cake to feed the people. Right,

0:17:02.600 --> 0:17:04.400
<v Speaker 3>that's what That's what the French revolution they she said,

0:17:04.400 --> 0:17:05.160
<v Speaker 3>feed them cake.

0:17:06.240 --> 0:17:07.080
<v Speaker 2>Well, they took it.

0:17:07.119 --> 0:17:11.639
<v Speaker 3>They took a head off because of that sore.

0:17:10.440 --> 0:17:13.240
<v Speaker 4>And death and income ratio one hundred and twenty five percent.

0:17:13.760 --> 0:17:16.440
<v Speaker 3>The bread and circus works, you know what. The bread

0:17:16.440 --> 0:17:21.359
<v Speaker 3>and circus worked, question, Mary, because they had a.

0:17:21.359 --> 0:17:22.120
<v Speaker 2>Bread and circus.

0:17:23.440 --> 0:17:26.719
<v Speaker 3>No Rome gave citizens free bread, and they provide them

0:17:26.720 --> 0:17:30.600
<v Speaker 3>with a free circus. So we don't even have free

0:17:30.960 --> 0:17:32.920
<v Speaker 3>you're not getting feed, free food unless you get a

0:17:34.280 --> 0:17:36.919
<v Speaker 3>welfare voucher. But I was like, and even entertainment at

0:17:36.920 --> 0:17:38.560
<v Speaker 3>this point, it's not even free. You got to have

0:17:38.600 --> 0:17:42.679
<v Speaker 3>a television to even watch it. So it's like the

0:17:42.720 --> 0:17:45.280
<v Speaker 3>bread and circus works as long as you could provide

0:17:45.480 --> 0:17:47.119
<v Speaker 3>free circus and a free bread.

0:17:47.200 --> 0:17:50.840
<v Speaker 6>An illegal alien from Guatemala charged with raping a child

0:17:50.880 --> 0:17:54.679
<v Speaker 6>in Massachusetts. An MS thirteen gang member from El Salvador

0:17:54.920 --> 0:17:59.040
<v Speaker 6>accused of murdering a Texas man of Venezuelan charged with

0:17:59.119 --> 0:18:03.000
<v Speaker 6>filming and selling child pornography in Michigan. These are just

0:18:03.119 --> 0:18:06.880
<v Speaker 6>some of the heinous migrant criminals caught because of President

0:18:06.880 --> 0:18:10.440
<v Speaker 6>Donald J. Trump's leadership. I'm Christy Noman, the United States

0:18:10.520 --> 0:18:15.280
<v Speaker 6>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:18:15.320 --> 0:18:18.880
<v Speaker 6>crossings are at the lowest levels ever recorded, and over

0:18:18.960 --> 0:18:22.159
<v Speaker 6>one hundred thousand illegal aliens have been arrested. If you

0:18:22.240 --> 0:18:26.080
<v Speaker 6>are here illegally, your next you will be fine nearly

0:18:26.160 --> 0:18:30.200
<v Speaker 6>one thousand dollars a day, imprisoned, and deported. You will

0:18:30.240 --> 0:18:33.880
<v Speaker 6>never return. But if you register using our CBP home

0:18:33.920 --> 0:18:37.280
<v Speaker 6>app and leave now, you could be allowed to return legally.

0:18:37.640 --> 0:18:42.400
<v Speaker 6>Do what's right. Leave now. Under President Trump, America's laws,

0:18:42.560 --> 0:18:45.040
<v Speaker 6>border and families will be protected.

0:18:45.119 --> 0:18:47.240
<v Speaker 2>Sponsored by the United States Department of Homeland Security,