Doug Belkin

speaker

287 appearances 5 recordings 1 series first heard Sep 2017 last heard Mar 2023

Doug Belkin’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · More Students Are Forgoing College for Apprenticeships · 21 Mar 2023 podcast

And the idea is that if you go to college and you learn to think critically and broadly and to synthesize information, then you're essentially able to learn how to learn and you're more adaptable.

going forward.

If you get a narrow education with a less broad skill set, and that skill is no longer deemed important or valuable in the marketplace, you could be a bit out of luck.

So there's some research looking at apprentice programs internationally that shows that workers in their 40s and 50s begin to sort of fade out.

If they don't re-skill, then they struggle.

And a lot of them leave the labor market.

And that's the risk that

apprentice programs take.

The counter argument to that is that we're entering a period now where it's never going to be enough to stop learning at 21 or 22 years old because the labor market, because technology is moving so quickly, because AI is breathing down everybody's neck, everybody's going to have to continue to reskill all the time.

And so whether you start as an apprentice or a college graduate, you're going to have to keep learning.

And so as long as you accept that, it's not a bad way to start.

So there's a financial calculation and there's a psychological calculation, I think, that are in play.

And part of this bumps up against class.

If you come from a family or from a community where college is expected, it's very hard to say, I'm not going to go to college, because that for two generations has been the pathway towards success.

This is changing, I think, more in the working classes, in the lower middle classes, where college has become such a risk.

that an apprenticeship looks much more interesting.

But it's sort of creeping up the class ladder, I think is what's happening.

And one of the professors I spoke to said, the prestige shift will happen when apprentices begin to occupy the C-suite.

And that's happening in Europe because there's a vocational model in Europe now, and you can do very well going this way.

So in a few years, there's going to be kids who started out as apprentices, continue their education, rose up through the ranks, and are running these companies.

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