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Thread: Making a living out of coaching

  1. #11
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    Quote Originally Posted by Mark Rippetoe View Post
    There are about 5 degrees worth matriculation in 2020: Physics, Chemistry, Engineering, Accounting, and I can't remember the last one.
    Computer science?

  2. #12
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    Jun 2017
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    Quote Originally Posted by zft View Post
    This is the one thing that I *do* disagree with. Average education among people is increasing, meaning that individuals need *more* education--not less--to stand out.

    Obviously the system is fucked. Obviously fewer people should be going to university and more people should be undertaking vocational training. But OP is subject to the system nonetheless and in this case it's probably better to play your cards right than attempt to fight it.
    Bryan Caplan's "The Case Against Education" is a great book about these questions. It might help the OP decide whether more school is worthwhile. It also has good arguments against "more school" for society, if you're into that sort of thing.

  3. #13
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    Quote Originally Posted by Mark Rippetoe View Post
    There are about 5 degrees worth matriculation in 2020: Physics, Chemistry, Engineering, Accounting, and I can't remember the last one. Quite literally everything else will never amortize, never ever. An effective strength coach should have the freshman and sophomore science and math hours, General Physiology, and that's about all a university can provide of value to a professional barbell coach. The remaining professional development is up to the coach: personal training experience and professional coaching experience.
    Actuary science.

  4. #14
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    Quote Originally Posted by stef View Post
    Formal schooling is not education. The quality of formal schooling was poor when I was young and has degraded precipitously since then.

    Average education is not increasing. It's nearly all participation trophies in the formal system now.

    In addition, the labor market views degrees in terms of supply and demand. The number of degrees issued in the U.S. alone has nearly doubled over the past 30 years. The globalized labor market also means employers have access to individuals who have had bachelor's degrees issued anywhere in the world. 30 years ago there were less than 1 million graduates from Chinese universities per year compared with over 8 million per year now. India has seen a similar change. There has been a substantial increase in the number of degrees issued in other countries as well.

    Realistically, the supply of individuals with degrees may have increased 5 fold or more over the past 30 years, whereas the inflation-adjusted global GDP has slightly more than doubled over the same time period and the population has grown by about +1/2 times.

    It is surprisingly easy to find freshly graduated engineers and computer scientists who cannot get an entry-level job in their field.


    Quote Originally Posted by zft View Post
    I'm saying that a degree is extremely valuable in and of itself.
    There was a time in recent memory when that would have been true.

    Even an advanced technical degree from a top university can result in lower cumulative earnings when compared to the equivalent number of years of work experience; Simple supply and demand economics combined with the erosion of educational standards.

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