Does the Bachelors Degree Really Have Any Value Anymore?

Hey Satsmate Stackers, 

Looking back at the past 12 years of my career, I wonder whether many of the positions around me really require a bachelor's degree. For many people throughout history, they viewed a bachelor's degree was a path to making good money and securing a nice job. Nowadays, that is looking to be less and less the case, and I think that people are thinking instead about joining the trades, starting their own business, or just getting right into the workforce. In this podcast, I discuss the following and why I don't think the bachelor's degree has as much value anymore: 

• Historically, bachelor's degrees have had a very strong value proposition
• You go to school, get good grades, an internship, and then position yourself for the workforce
• Nowadays, it is hard to make it make sense, extremely high costs, woke academia, and then youth unemployment for Gen Z stands between 9 & 13%
• Many have gotten a degree, and even those with excellent universities and solid backgrounds are facing massive difficulties
• Supply of Bachelor's degree workers is high, and demand for entry-level work is decreasing due to AI
• Examples of automation for entry-level jobs with AI
  • AI tools can automate code writing, debugging, and testing - many entry-level junior coders are impacted
  • AI is taking a lot of customer service support, which is often entry-level
  • Data entry, AP, and administrative individuals are being impacted by the waves as well
• Ask yourself about offshoring as well
  • Can your job be done easily by someone overseas
  • My example working at BP when I was younger
• Historically, these would be some of the safer in a negative environment, as they cost less from a payroll expense standpoint
• Many workers are not bringing in new workers because of macro as well
• Companies should also be careful of optics, many end consumers don’t want to support companies that side with AI over humans…
  • You also want to be sure you can mentor future generations for growth as well
• Wealth inequality will further exacerbate, and people will try to vote for bad socialist policies (i.e., Momdami) 
• Companies want to see individuals who are well-versed and experienced in AI
• AI literacy is key for people to advance in the future
  • They say AI won’t take your job; rather, someone who knows how to use AI well will

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Best Regards, 

SatsMate Stack

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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing. With investing, you risk losing money, always read an invest