Full Transcript for 132: The Great Shift: Why College Degrees Are No Longer Enough

now you got to go into medical school to actually do a lot of the hands-on stuff. 00:03:44.862 --> 00:03:53.252 And then, if you're an engineer, you got to go into medical school to actually do a lot of the hands on stuff and then, if you're an engineer, you got to go and do an internship and then to actually do a lot of the hands on stuff. 00:03:53.252 --> 00:03:56.735 And on top of that, college is expensive. 00:03:56.735 --> 00:03:58.980 It's very expensive. 00:03:58.980 --> 00:04:02.783 So now you have the cost of college, the cost of college. 00:04:02.783 --> 00:04:16.374 Then you have the lack of actually hands-on doing stuff, more so on the theory side and not so much really the doing side. 00:04:17.435 --> 00:04:32.194 Now I remember when I took classes and this is years ago and I'm talking years ago and A lot of the stuff that you study the one thing I would say about college it really helped was your critical thinking. 00:04:32.194 --> 00:04:52.182 You had to be a really good critical thinker and it really opened you because you be put into a scenario and you had to understand how to put two and two together and how to make that work two and two together and how to make that work. 00:04:52.182 --> 00:04:57.514 But what you don't realize now is if you get into a job and you don't have the skills, you become now unemployable. 00:04:57.514 --> 00:05:12.807 And that's what has happened now in college and in the workforce is now you go and grab somebody that's goals come from college and they really haven't done a lot of the the actual doing stuff. 00:05:12.807 --> 00:05:16.579 So it's taking longer for them to get acclimated to the position. 00:05:16.579 --> 00:05:19.786 So and companies are getting frustrated. 00:05:19.786 --> 00:05:21.591 So where else? 00:05:21.591 --> 00:05:41.442 Now, if you have someone that understands, that does a lot of the doing and and then some, and then they actually, you know, they learn, they grow, it becomes, they're easier to stay, that person is easier to stay employed. 00:05:42.504 --> 00:05:56.367 And what has happened again is now, if you don't have the skill sets of skills meaning you could be in IT, if you don't even know, because IT, the industry is always changing. 00:05:56.367 --> 00:06:15.910 But if you're not keeping up with the latest technology or you're not good at a tool, and then let's say you get better, you get better at that tool, then also you know you have to be able to go out there and get better at other things. 00:06:15.910 --> 00:06:30.129 You know, maybe leadership, you're leading a team, maybe being a very good asset to your team, but if you just go in there and all you just know how to do is one thing, you're really not going to be able to survive in this workforce anymore. 00:06:30.129 --> 00:06:43.213 A college degree is now just a paper in the workforce and it's not necessarily what is going to pay the bills anymore, it's your skills. 00:06:43.213 --> 00:06:46.545 That's going

to pay the bills, because companies want to be able. 00:06:46.545 --> 00:06:52.043 You, you be able to come and be able to come and be able to be a value add. 00:06:52.706 --> 00:06:55.011 Now, if I put you in this position, what can you do? 00:06:55.011 --> 00:06:58.286 If I put you here, what can you do If I put you there? 00:06:58.286 --> 00:06:59.168 What can you do? 00:06:59.168 --> 00:07:14.920 You get what I'm saying and I hope that makes sense to people because the more you are, you have the skill sets, the easier it becomes, because now you can become employable again. 00:07:14.920 --> 00:07:19.225 You could probably be a team lead or you can be. 00:07:19.225 --> 00:07:23.411 You know they can put you on different projects and they can entrust you. 00:07:23.411 --> 00:07:33.980 Because of the fact that You're a, you're so versatile because you have a lot of skill sets, that becomes employed, that becomes useful to the company. 00:07:34.761 --> 00:07:46.548 Not necessarily how this theory and how that and how you try to figure out the Pythagorean theorem and the theory behind it and and all that stuff. 00:07:46.548 --> 00:07:47.930 So that's where. 00:07:47.930 --> 00:07:50.312 That's where it is now in society. 00:07:50.312 --> 00:07:54.360 Society has changed to now where you have to be able to be. 00:07:54.360 --> 00:07:57.345 You have to be able to be. 00:07:57.345 --> 00:08:21.223 You got to be open-minded and constantly improving your skills, constantly getting better with your skill sets, because of the fact that if you just focus on going to college, getting it and I'm not saying you should not go to college, I'm definitely not saying that but I think if you go to college, you have to have a certain. 00:08:22.146 --> 00:08:23.247 You got to have a certain. 00:08:23.247 --> 00:08:43.869 And if it's like almost that, because the shift in the industry, the skill sets and, like I said, going to college, you should, you should go, like if you're going to be a doctor, an engineer, a lawyer, those type of things, you should definitely go to college. 00:08:43.869 --> 00:08:56.043 Seeing now is, depending on what industry you plan on going to is, you may have to focus more on skill sets than versus. 00:08:56.043 --> 00:09:06.548 Okay, going the college route, racking up so much debt, and then all suddenly it's hard for you to find a job to pay for that college debt that you just took out. 00:09:06.548 --> 00:09:17.696 And if I notice and the reason I'm sharing this too is because, about a couple of weeks ago, I took my daughter, my oldest, she turned 18 and she's going to college. 00:09:17.696 --> 00:09:21.708 She's about to graduate this month and she's going to college. 00:09:22.832 --> 00:09:30.272 The thing, though, I noticed is, when we filed for financial aid, then what did the financial aid come? 00:09:30.272 --> 00:09:43.024 Well, you're getting a little bit of grant and then you get all the student loans and we as a family has made a decision we're not taking student loans, we are not taking out student loans at all. 00:09:43.024 --> 00:10:05.500 So for us it's going to be us working as a team, collectively, to ensure one she knows what she's going to do in college going because she wants to go into nursing, so what she wants to exactly do, because we can't be in the mindset of wasting time. 00:10:05.500 --> 00:10:15.360 And if she's going to go become a nurse, could it, could there be maybe other outside schools or education that she can do besides? 00:10:15.360 --> 00:10:23.746 And luckily she's going to go to a community college and the community college has the program, the nursing program, that she would like to do. 00:10:23.746 --> 00:10:41.948 And that's where I'm saying that, in the aspect of and I've had this discussion with her too I told her you're going to have to build skill sets Because even though you get the nursing degree, you're going to have to have different skill sets to where you can elevate your income. 00:10:42.995 --> 00:10:51.725 A lot of people focus on getting a job, but then they stay at the job and then you're like okay, well, I'm happy, I'm good, this pays the bills, I'm great. 00:10:51.725 --> 00:11:01.982 But they don't necessarily focus on the skills that they would need to be able to continue to keep going. 00:11:01.982 --> 00:11:22.155 Because the more you keep going and the more you keep going, you know you learn different aspects and then a company may be, you may be, very useful to a company and therefore you may be able to do a job that nobody else on that team can do that you can make more money doing. 00:11:22.155 --> 00:11:37.340 So I just thought I would share this with you guys today, because I've seen the shift in the industry and the industry now has shifted, because now it's more about skill sets. 00:11:37.340 --> 00:11:42.149 It's not so much about college degree and all that stuff. 00:11:42.149 --> 00:11:44.134 It's now is okay. 00:11:44.576 --> 00:11:48.583 If we put you on this team, what can you do? 00:11:48.583 --> 00:11:52.277 Because if you're like everybody else, you're easily replaceable. 00:11:52.277 --> 00:12:05.722 But if you have, if you can do, if you can do, if your job requires something, if your job requires other people can't do your job. 00:12:05.722 --> 00:12:08.326 You're not as easy replaceable job. 00:12:08.326 --> 00:12:12.890 You're not as easy replaceable, and that's where the shift in the industry is happening. 00:12:12.890 --> 00:12:21.159 So hopefully this is a, this is a you know, maybe something you guys get out of it. 00:12:21.159 --> 00:12:26.317 And it's today's episode, because right now it's more about your skills, more than ever, and it's not so much more about. 00:12:26.317 --> 00:12:29.826 You know you're going getting a college degree. 00:12:29.826 --> 00:12:36.562 I will link that um that, that article that I read and hope you guys can take a look at it in the show notes. 00:12:36.562 --> 00:12:40.058 Read it and you'll see that these companies are changing. 00:12:40.058 --> 00:12:47.940 It's not any more about, it's not even a requirement anymore to have a college degree, it's more so of skill sets. 00:12:47.940 --> 00:12:50.342 Okay, appreciate you guys. 00:12:50.342 --> 00:12:51.563 Much love.