The higher education bubble is slowly eroding as people are realizing that getting a degree doesn’t guarantee anything anymore.
When it comes to getting a job today, nothing is as certain as uncertainty.
What is the value of your education?
The educational system in my country is considered as one of the best in the world.
It’s also horribly outdated.
After high school (at least 12 years of schooling) – excluding important basic skills such as writing, reading, basic math – people know just a lot of trivia.
People are made smart, but useless.
Personally, during 13 years that I went through that route, I didn’t learn anything related to becoming employed or employing myself.
This, in my opinion, is a huge flaw in the system.
This is weird since perhaps the biggest reason why people educate themselves is to get a job that pays well.
In worst cases, education consists of something that you will never use after writing the answers down to a test paper.
The world only cares about what it can get from you
Today, instead of higher education you need to have applicable knowledge.
Knowledge, that can be used to create something of value – something someone is willing to pay you for.
There is still room for formal education
I’m not saying that formal education and especially credentials are completely worthless.
They have some value, depending on your degree.
In most cases however, their value in most cases is considerably less than the amount of effort and time used to get them.
My point is, have a plan B.
If you know that you are in good position to get a job after you get your credentials, good for you.
However if you are one of those unlucky ones who have never even considered how (and why) you are going to get employed, you may be in worse situation than you’ve ever thought.
Listening to your parents and old people is a sure way to get it wrong: the world was a different place when they went to school.
Getting higher education pretty much guaranteed a job back then.
Path of self-education
This is the path that has the highest probability in taking yourself above your peers.
Anyone who has ever made anything out of themselves, has done it on their own time.
School system being in such a shitty state, the best way to deal with it is to take matters to your own hands.
There are lots of benefits to this:
- You don’t have to follow unnecessarily slow pacing
- You don’t have to waste time learning anything that’s not useful to you
- You’ll probably save thousands of hours, dollars and sweat
Scott has created a great article related to self-education called The 27 Principles to Teaching Yourself Anything, check it out.
Never before in history has there been as many opportunities for the small guy to make something out of himself.
This is mostly because of the internet.
Previously you needed well-established channels to connect with customers, but today creating one is possible for anyone.
There are countless examples of people making a difference in their income by doing their own thing. (Here are success stories that were built on WordPress)
I (or anyone else for that matter) can’t tell you what your plan B is.
That one you have to figure out yourself, but I can give you a hint:
It has to have something to do with providing value to other people.
Creating something that’s based on real world needs.
There are lots of amazing resources that can tell you so much more about that (and it goes beyond the scope of this blog anyways)