Reply to colleges approaching $80-90k per year

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Quote from today's WSJ:

"Jim Fish, chief executive of Waste Management Inc., described the situation this way: “We can’t hire a truck driver to drive a trash truck for $90,000 in Houston, Texas, but I can hire an M.B.A. from a small school for $60,000, and I can get them all day long.”[/quote]

Wow!!![/quote]

Isn’t this because in the long term, the earnings prospects for MBAs are much greater than for the trash truck driver? Yes, there’s the initial outlay for the undergrad and grad degrees, but in the end, the MBA comes out ahead because the salary likely will increase at a greater pace over time. And the additional benefit is the ability to change jobs for the MBA, not have to do smelly, physically-demanding work. Al that being said, I truly appreciate those willing to be trash truck drivers and am glad they’re getting paid well.[/quote]

$60k is low when you’re graduating with a bachelor’s degree, let alone an MBA![/quote]

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