At a small college just outside of Media, Pennsylvania, 85 students graduated with so much more than a cap and gown: almost all of them have jobs waiting for them.
These students attended Williamson College of Trades, just outside Media. They learned carpentry, power plant technology, masonry and more during their time at the three-year college.
The Philadelphia-area school says 98% of their graduates leave with well-paid jobs lined up.
Among some of America's next generation of aspiring workers, there is an ongoing shift away from the pursuit white-collar jobs in favor of blue-collar jobs. And there are good reasons.
Student loan debt
Alex Whitman, a graduating senior, started his job at a power plant five days after his graduation from Williamson. He had come to the school after a short stint at a four-year college.
“I knew it wasn’t for me, with all the debt,” he told Fox29.
The male-only college provides tuition and room-and-board for all three years to its students. Williamson was established in 1888 and the no-cost education is part of the school’s original mission.
Williamson’s endowment takes care of 70% of the costs, and donations make up for the rest. The three-year program is valued at around $100,000, according to the Fox story.
This is particularly appealing in a time of rampant student debt. The Education Data Initiative (EDI) reports that 20% of undergraduate degree holders have student debt, with the average federal student loan debt balance coming to $37,088.
Four-year college enrollment has decreased by 15%, according to federal data. At least part of that reason is because of the hefty student debts.
Must Read
- Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and the simple steps to fix it ASAP
- Robert Kiyosaki begs investors not to miss this ‘explosion’ — says this 1 asset will surge 400% in a year
- Vanguard reveals what could be coming for U.S. stocks, and it’s raising alarm bells for retirees. Here’s why and how to protect yourself
Join 250,000+ readers and get Moneywise’s best stories and exclusive interviews first — clear insights curated and delivered weekly. Subscribe now.
AI protection and better pay
Fox’s reporting showed that over 200 businesses from 19 states paid “big money” to come to the Williamson Career Fair.
“I think we realized that, during the pandemic, we were putting ourselves at risk if we can’t manufacture, if we can’t build things, if we can’t do the work ourselves,” Rounds said.
He wishes that more schools would follow the Williamson model.
“This should not be unique in the country,” Rounds continued. “There should be 30 of these schools in every big city. Should have a Williamson nearby because there is a huge need for it.”
With the AI revolution upon us, trade jobs are becoming the more secure job option. A report by OpenAI discovered AI can handle at least 10% of 80% of jobs. Yet carpenters or power machinists don’t have to worry about this, for obvious reasons.
Plus, many blue-collar jobs now offer pay comparable to white-collar ones. For instance, janitors at Buc-ee’s gas station earn the same wage as some case managers.
“White-collar workers may experience a recession that blue-collar workers don’t experience,” Giacomo Santangelo, an economics professor at Fordham University, told VOA News. “We’ve gotten into this habit of saying it’s important to go to college, instead of saying it’s important to learn a skill.”
You May Also Like
- Turning 50 with $0 saved for retirement? Most people don’t realize they’re actually just entering their prime earning decade. Here are 6 ways to catch up fast
- This 20-year-old lotto winner refused $1M in cash and chose $1,000/week for life. Now she’s getting slammed for it. Which option would you pick?
- Warren Buffett used these 8 repeatable money rules to turn $9,800 into a $150B fortune. Start using them today to get rich (and stay rich)
- Here are 5 easy ways to own multiple properties like Bezos and Beyoncé. You can start with $10 (and no, you don’t have to manage a single thing)
Sabina Wex is a writer and podcast producer in Toronto. Her work has appeared in Business Insider, Fast Company, CBC and more.
