Are College Degrees are a Becoming Worthless?

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Oh, could this vintage store be any cuter?

Right, and the best part, they accept discover.

Accept discover in a little place like this?

I don't think so, Jennifer.

Oh yeah, huh.

Discover's accepted where I'd like to shop.

Come on, baby, get with the times.

Right, so we shouldn't get the parachute pants?

These are making a comeback.

I think.

Discover's accepted at 99% of places

that take credit cards nationwide.

Based on the February 2025 Nielsen report.

It's 104 million people that are not even looking for work

or not in the American job system.

So talk about a scary fact, and even for us as African-Americans,

a lot of us have been pushed out of corporate

and forced into entrepreneurship purely by necessity,

not by choice.

So there's a lot of conversation about how strong the economy is.

I know the indexes are only down two to four percent,

depending on which one you're looking at.

But that's a large swath of America, nearly a third,

who have given up on the job market altogether.

And I think it's definitely a sign of the times.

Yeah, I'm with you.

It was interesting.

I was watching a CEO of a service now.

I'm a government talking about the workforce going

into the next five to 10 years.

He thinks college graduates, it was pretty alarming.

He said he thinks that 30% of college graduates

won't have a job post-graduation.

I think the average right now is like 67%.

He says he's going to 30.

We watched meta have layoffs early last week.

And so you've seen that cycle.

And the most important thing I could say is, yes,

we understand the importance of AI and the disruption

is going to cause.

But I don't think we're paying attention

to how we need to execute and using it,

becoming educated by it.

That's why I think there's episodes

one of the most important things we've ever done.

Because it gives you the foundational layers

of how we need to look at this going forward.

So we can take advantage of it, participate in it,

and make sure we don't get left behind.

Yeah, but it's happening.

It's happening.

Rashad, to your point, because you made me go research this,

like what do we do?

Because honestly, if kids are not able to get job placement

after the solution, OK, one alternative is to invest.

But if you don't have any capital, you can't even invest.

Or you can't buy the pro version of clawed or open AI.

Is there any solutions for those who

may feel like that status too doom and gloom?

Unfortunately not.

I mean, once again, going back to the episode

that we coming out with on Thursday,

when she was talking about how AI is going to really force

everybody to become an entrepreneur in some way or another.

And just looking at the landscape,

I see AI really, really, really taken over

in a variety of different ways.

So can't beat them, join them.

I don't necessarily think that we're going to go back

to a world where it's going to be how it once was.

No, it's over.

It's only going to get worse from here.

As far as that level of thinking when it comes to jobs.

But there's opportunities in other areas, freelance work.

And I think you're going to have to be a little bit more creative.

But I don't think that it's going to be a world where you can actually

just pay for education and then after you graduate,

then get a job.

And really questions, education has the same value,

especially from a financial standpoint.

If you know, I spend a lot of money on education,

is that education worth it if the education does not guarantee

or is not a pathway for success?

Yeah, that's part of the conversation.

The pathway will definitely be changed.

I was reading the article.

It might have been in the journal.

Could have been in maybe I will find it.

About where they think technicians, plumbers,

how will their salaries increase over the next five to 10 years?

Will they be now replacing?

Will they be the highest paid professions?

Because those are skills that are going to be needed.

I don't know if they'll be able to do that.

Yeah, they just say anything.

Yeah, I don't think so.

I don't think I seen a dude.

I see a guy from what tech company.

He's some tech company.

And he said that plumbers are going to start making LeBron James

money.

No.

Let me just raise it before you go there.

Because I don't think it's true.

But it does speak to a shift on that new path with like,

what is it?

I think it is skill-based.

We have to figure out what a skill is.

Not so much of what we should be studying to now

figure out if we can get a career in that path.

What is the skill that we have?

How do we converge that skill with artificial intelligence

to get ahead?

Yeah, but the whole logic behind it

doesn't make any sense.

Because we always needed plumbers.

It's never like we didn't need plumbers.

And it's not like we're building 50 million new homes

all of a sudden.

So it's like the idea of like plumbers are going to start

making $25 million a year.

I just don't understand it.

Like we always needed plumbers.

Have plumbers.

We do have a shortage of plumbers.

But it's not like every single plumber in America is going

to die tomorrow.

And then there's going to be 10 plumbers.

Well, then yeah, their value would be $25 million a year.

There was only 10 plumbers that can actually do the crap.

But like what is going to change in society?

Because artificial intelligence is not threatening plumbers

right now.

So why would a plumbers value just automatically go up

to $25 million a year?

I just don't understand the logic.

The thought is if AI takes over,

there'll be a limited supply of jobs.

Therefore, the value of those will go up.

But to your point, every CEO who I ever heard say that,

they never tell their kids to go be a plumber.

And they never resign a CEO of a tech company to think we were a job.

I think that was part of the piece.

It was like, we're going to see careers be completely disrupted.

Like the example they use was like lawyers going forward.

What would that look like?

Would that be a high paying job, right?

If you think about it, like the way that Claude is moving,

the way that open AI is moving, we might see disruption

in the law of practices.

From the medical standpoint, our doctor is going to be

the highest-forming paying job.

We don't know, right?

Right now, those are the highest-paying jobs.

But you add intelligence into that.

You add efficiency into that, right?

Now, malpractices out.

It changes things.

And so they're saying, if those aren't the highest-paying jobs,

what now becomes those?

And they're thinking like skills, technicians,

electricians, things like that.

Yes, you can make great money doing that now as an entrepreneur.

They'll see that going up and increasing over time.

And it's not even sustainable, like, as far as somebody's

going to play a plumber more than it costs to build a home.

If that's the case, I won't even have a home.

Like, if I have to pay a plumber $500,000 to plumb my house

because their value has just gone up exponentially,

well, what does that do to real estate prices?

Because one or two things happen.

Either you just can't afford to buy a home anymore,

or real estate now has to increase with that.

So now, the price of a million dollar home

is now worth $10 million because the plumbing alone

is worth $500,000.

I just don't understand.

It's one of these things that just sounds good on paper.

But when you say a plumber is going to start

making LeBron James money.

Yes, that's ridiculous.

Who's wrong?

It's a lip service, because if I destroy an industry

with my software, I didn't have to give you a way

to make money so I'm not looked at as the villain.

And this is a prime example of an executive telling

you one thing and doing another.

They know that the pay rate is not going to increase dramatically.

The entire purpose of artificial intelligence

is to lay off the majority of the workforce.

And like I said, it's 104 million people

outside of that right now.

And even if you're trying to get a job,

it's just hard to even get through the AI filters

through your resume.

So it is working successfully.

And a lot of times, they're saying

there's two to get funding because they

don't want their venture capital company

or private equity company to be on the hook for funding them

for then also erasing the job market

and causing catastrophe there.

Also, the Canadian economy lost 84,000 jobs in February,

6.7% drop, 32% chance of a recession in Canada.

We are in a crisis and everyone acting like it's okay.

And it's not.

But what I will say is that the education system

is going to, is in great danger right now.

And I feel like that's something that is going

to be a crisis when you look at education

as a big business within itself.

And that's something that a lot of people benefit for.

So now when people really start to have second thoughts

about education and spending so much money on education,

that's an economic effect as well.

From people that are reliant on education,

not just from teachers, but administrators,

the government's doing the loan programs,

a variety of different things.

This is a billion dollar industry.

So when you no longer see value in it,

the same way that you once saw a value in it.

And how it's been positioned over the last 50 years

is that it's kind of like a mandatory thing.

If you want to excel and get to the middle class

or above is that you have to go to college.

Now when that becomes relatively optional

and people aren't seeing the value in that anymore,

well, that's an economic effect also.

Yeah, and you take into it,

you start thinking about student loan,

who are you borrowing from?

Exactly, and you start to cut back on that.

That's less revenue.

Exactly, that becomes a huge problem.

So education reform, I mean, it's long overdue,

but I feel like we're at the forefront in our lifetime.

But then the next 10 years,

we're going to see a dress of change in how people look,

how they treat, how they feel about going to school,

and the value of it.

I mean, this, we're coming from a generation

where it was still the thing,

like we'll get a good degree.

I'm starting to see like the young people

that wear around, it's like maybe it's not even viable.

Maybe I'll go.

The reward scenario, original isn't even worth it.

Why would I go?

I mean, just looking at some of the colleges in New York,

you're looking at 110 per year.

That's crazy, like to pay 400 for undergrad,

350 for undergrad, and then to make what, 60 grand,

and have all that debt to pay.

So there definitely needs to be a restructuring.

But the sad part is that you can't write off those loans,

or five bankruptcy on them.

That's the part that sucks.

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