Trae (Trey) Stephens
👤 SpeakerAppearances Over Time
Podcast Appearances
And so I think that you had all these people taking on tremendous amount of student debt, and then they graduate and they realize that whatever they're doing, they didn't need a college degree to do it.
They would have been much better off just not taking the debt.
But more importantly than that, going back to the industrialization challenge, is that there are all of these skilled labor jobs that don't require
college education, maybe vocational education, that are significantly better paying.
They're more in need in our economy.
It's a tremendous gap that we now have as we're trying to re-industrialize.
And we as a country need to come together around this idea that there are multiple paths to career fulfillment.
It doesn't all go through four-year universities.
And the four-year university story didn't really even work.
Anyway, it was just kind of a racket.
Holy shit, man.
Yeah, no, it's crazy.
And the old American dream of go and get the college education, get a good paying job, get married young, buy a house.
It doesn't happen.
That isn't the path.
I think this is part of the reason why Gen Z has had this kind of weird political revival is that they've had this realization that, hey, I can't even be in the market to buy a house.
It just doesn't work.
The debt loads are tremendous.
There's not enough housing.
It's hyper-competitive.