Firstly, he cites the increasing number of people who achieve degrees compared to 50 years ago – Today’s degree, in some ways, is like like the old high school diploma.
Secondly, he cites evidence of ‘degree inflation’ in many sectors. For example 25 percent of people employed as insurance clerks have a BA, but twice that percentage of insurance-clerk job ads require one. Among executive secretaries and executive assistants, 19 percent of job-holders have degrees, but 65 percent of job postings mandate them
Secondly, despite the increasing number of people with degrees and the increasing requirement to have one to get your foot in the door, almost 40% of U.S. employers report difficulties in finding graduates with the right skills, which means (somewhat ironically) that many of the above degrees are useless in actually preparing people for work.
Slayback argues (pretty convincingly I think) that a degree is no longer sufficient to guarantee you a job; he also suggests that it may not actually be worth doing one (and in terms of getting you ready for work, I think he’s right, but not necessarily so in terms of the intrinsic worth of the uni experience and knowledge gained).
According to Slayback, in order to be successful, graduates need to get better at signalling their skills through social media, rather than relying on the simple fact that they’ve got a degree to so that for them. He even goes so far as to suggest that the internet itself is actually undermining the value of a degree.
He gives the example of a young man who connected with him on Linked In, and through a Google search, managed to get an insight into what he’d actually achieved, which made the fact that he didn’t have a degree irrelevant.
Personally I think Slayback has a point about the virtues of social media in signalling your skills – if you’re looking to go into a sector that requires you to produce content in any form, them it’s an obvious idea to have a social media platform where you show off that content, through which you can demonstrate your skills.
I’m not so convinced that it’s worth risking not doing a degree, maybe you’re better off doing one, but from day one thinking about how to leverage every essay you write or every project you do into something that you can use in the future to make you more employable…. two birds with one stone and all that….
The increasing automation of jobs could (should?) result in us all working less – but instead, most of us seem to working just as longer hours as ever, why is this – a little dose of Marxism actually goes a long way to explaining this…
What’s below is taken from the LSE blog (Jan 2015), written by David Spencer….
Technological progress has advanced continuously over the past century, pushing up productivity. But not all the gains in productivity have fed through to shorter work hours. At least in modern times, these gains have been used to increase the returns of the owners of capital, often at the cost of flatlining pay for workers.
The lack of progress in reducing time spent at work in modern capitalist economies reflects instead the influence of ideology as well as of power….
David Graeber makes the provocative claim that technology has advanced at the same time as what he calls “bullshit” or pointless jobs have multiplied. This is why we have not realised Keynes’ prediction that we’d all be working 15-hour weeks in the 21st century, as a result of technological progress.
Instead, we are living in a society where work gets created that is of no social value. The reason for this, according to Graeber, is the need of the ruling class to keep workers in work. While technology with the potential to reduce work time exists, the political challenge of a working population with time on its hands makes the ruling class unwilling to realise this potential. Working less, while feasible and desirable, is blocked by political factors.
Below are six strategies that some people are currently employing (excuse the pun) to ‘earn money’ or simply get by in life which don’t involve doing paid-work for someone else, let alone requiring a degree.
Disclaimer – NB I don’t in any way recommend that you do any of these things, they are merely examples of things some people do, which should prompt discussion about whether doing a degree or an apprenticeship is worth it, relative to these alternative options.
1 – Learn to live without money
Two good examples include Mark Boyle: The Moneyless Man and Dan Suelo: The Man who Lived Without Money
2 – Perpetual travelling
The most obvious way to travel perpetually, at least in Europe, is to buy a van. It’s not that difficult – for inspiration have a look at Mike Hudson’s blog Van Dog Traveller – he quit his job in 2013, spent five months converting a van (for cheap) and has been travelling around Europe, including a quick jaunt to Morocco, ever since.
For advice on how to convert vans, check out Campervan Life which has lots of examples of people who have converted vans, and live in vans full-time. If you’re worried about how to earn money or live cheaply, all of that is covered on the above two sites, it’s generally part of the whole perpetual-traveller scene.
Incidentally, living in a van may sound like it’s an extreme strategy for saving money, and possibly only for top-knot sporting, fire-juggling, surfing dudes like Mike above, and you’d be forgiven for making this mistake given that one of the first search returns for ‘living in a van uk’ takes you to a forum called ‘UK HIPPY‘, but there are even members of the relatively conservative caravan club who have lived in their caravans long-term, combining this with either owning a small no-frills apartment, or house-sitting.
If the above example’s a bit too local and not adventurous enough for you, then why not try sailing around the world and documenting it on YouTube like one Australian couple’s currently doing on ‘La Vagabonde’
Somehow they’ve managed to convince almost 1000 people to subscribe to them through Patreon (see below) and are currently earning $6790 per video uploaded, and they post one a week, which gives them a cool $20K a month to sail on, or around $250 000 a year.
They even take this piss a bit – one of her videos is of her on a week’s yoga retreat in Bali, while the boat’s in dry dock somewhere in Australia.
Downsides to perpetual travelling
It does require some initial seed money to buy your van or boat.
Most ordinary people will have to find some way of making money as they travel – see below for ideas
Making money through documenting your travels may only be an option if you’re insanely attractive. Research has revealed that approximately 80% of people who follow travel blogs do so because they want to perv on the authors, not because they’re interested in their travels, although there’s no actual evidence to back this up.
3 – POOSHing and WWOOFing
ThePOOSH is an exchange site through which you can volunteer your labour to help people self-build their eco-projects around the globe, in exchange for free lodging (which will probably be camping) and food. Many of these projects are ‘low-impact’ design and don’t take a lot of skill to build – so you shouldn’t be any more out of your depth than the people building them.
Expect to be cutting, sawing, pounding (earth into tyres), stirring, plastering, and probably doing a lot of lugging about too. You’ll probably find thePOOSH Facebook page easier to browse rather than the web-site, which is a bit ‘not very professional’, but that’s forgiveable given that this is such a niche DIY exchange.
If the hard-labour involved with physical construction is too much for you, then ThePOOSH’s big sister network WWOOF (Willing Workers on Organic Farms) Might be more your cup of tea. WWOOF says of itself….
‘WWOOF UK holds a list of organic farms, gardens and smallholdings, all offering food and accommodation in exchange for practical help on their land. WWOOF is an exchange – you volunteer your help in exchange for food, accommodation and an opportunity to learn about organic agriculture. As a WWOOFer, you can expect to work a reasonable number of hours – between 20 and 35 hours in a week is suggested. In order to volunteer on WWOOF host farms in the UK you must become a member of WWOOF UK. Membership lasts for 1 year.’
Downsides to POOSHing and WWOOFing
You need to be reasonably fit. I did have this down as an option for when I finish my current 20 year career break from life and resume living in a few years, but the older I get, the less-appealing the idea of hard physical labour seems.
Of course you don’t actually earn any money from this, you’re just working for board, and you’re reliant on your hosts to actually feed and house you properly.
From a leftist (Marxist) perspective, this voluntary work is somewhere on the softer side of the slave-labour spectrum, but that doesn’t seem to bother most members of the green movement – especially couples in their late 40s who have managed to accumulate sufficient capital to buy a small holding or some land and go and ‘live the dream’, but if you can put up with that, this does offer you a free way of life, assuming you get fed enough.
4 – Lifestyle Vlogging
LIfestyle vloggers Zoella and Alfie come across as a painfully ordinary **, and neither of them have anything of value to say about anything important. Thankfully for them there are millions of people around the world who are similarly shallow and lacking in imagination, and so they’ve managed to make a fortune by simply documenting their vacuous lives as consumers, which their similar-vanilla-fans seem to enjoy.
Case in point – in the video below (posted less than a week ago from time of writing and with over 600, 000 views already – which represents some serious coin in YouTube terms) Zoella and Alfie go and do some watersports.
The point here however is not to criticise the lack of content, the point is to point out that if this pair of completely average vanilla vloggers can make a living through not really doing anything very much, why not give it a go yourself before you try actually earning your money?
If the idea of making money by exposing your vacuousness makes you uncomfortable, then you could always develop a vlog or blog as a marketing tool and produce a series of blogs or vlogs which have an actual, worthwhile focus, by providing useful information to people and/ or selling goods and services. Of course here we’re moving away from ‘alternatives’ to careers, and more into the ordinary realms of setting up your own business – but I thought it’s worth including, because it’s still not the same as working for someone else.
Look on YouTube – there are plenty of people who have set up as personal trainers, or food writers, or life-coaches who are making money out of blogging about something they’re interested in.
One of my favourite ‘alternative lifestyle’ vloggers that does have something worthwhile to say is Jesse Grimes – who is currently building his own house, and ‘Permaculturing’ an acre of land in Montana. If you want to get into vlogging, maybe think about doing something of some value like he does….?
It’s very unlikely you’ll earn enough money survive by producing a Zoella lifestyle vlog in which you simply document yourself playing at life.
If you do become successful, not only are you exposing your vacuousness to the world, you’ll also attract haters and sufficient numbers of people will think you’ve forgone your right to privacy to make your life a misery.
As with travel blogging, you probably have to be insanely attractive, or insanely unattractive, or extreme in some sort of way to ‘earn’ a living through vlogging.
5. Matched betting
Matched betting is legal, tax-free and not actually gambling. It takes a while to get your head around it, but it is possible to make £500 risk-free in a month, although you do need a few hundred quid ‘seed money’ to start out. You might end up making less than that, but with a little bit of time each day (20 mins is sufficient) you should be able to earn at least £100 a month, and with practice more.
The Matched Betting Blog (run by a guy who is making around £8K a year doing this) defines ‘Matched betting as ‘a simple betting strategy that enables us to take advantage of bookmaker’s offers and incentives. We simply place a bet at a bookmaker and then bet against the same outcome at a betting exchange. By covering all possible outcomes, we make guaranteed risk-free profits regardless of the result.’
Oddsmonkey is a good place to get started – there are five free guides which will show you how to make an estimated £45 in under an hour, and after that, you will need to pay £15 a month in a subscription fee.
Matched-betting isn’t for everyone – some of the downsides are:
You need to double-check every bet you make and lay – one small slip could cost you tens or hundreds of pounds and wipe out your ‘earnings for a whole week’
You need a few hundred quid to start off – you need to open several betting accounts – maybe dozens to make the most of every offer, and because so much money is floating around, you need hundreds in ‘betting capital’ to make things tick over smoothly.
There is the risk of ‘gubbing’ – having your account frozen by bookmakers – they keep tabs on people – and if all you’re betting on is the special free bet offers, they’ll close you down – hence you need to make ‘mug bets’ to cover your trail (all of this is covered on the two web sites above)
It’s little bit seedy!
6 – Create something and crowdsource funding through Kickstarter or Patreon
Kickstarter is basically about selling your project to people before it’s completed.
As a creator, you outline what your project is, put together a short promotional video and some blurb illustrating what the project is about, decide how much funding you require to see your project through, and offer rewards to backers who will pledge different amounts of money to get various levels of reward which they’ll receive when your project is completed.
In the example above, the creator’s rewards (which are listed further down his Kickstarter page include a ‘Facebook’ shout-out for $5, a download of the movie for $10 and then upwards. As you can see, at almost $40K he hasn’t done too badly…
Patreon is similar to Kickstarter, but rather than people paying you once you’ve finished one massive project, with Patreon, people agree to provide ongoing funding for the smaller-scale things you’re already creating (so Patreon’s funding per song, Kickstarter, funding by album)
Patreon says of itself…
For creators, Patreon is a way to get paid for creating the things you’re already creating (webcomics, videos, songs, whatevs). Fans pledge a few bucks per month OR per thing you release, and then you get paid every month, or every time you release something new (whether it’s on SoundCloud, YouTube, your own website, or anywhere).
For patrons, Patreon is a way to pay your favorite creators for making the stuff you love. Instead of literally throwing money at your screen (trust us, that doesn’t work), you can now pledge a few bucks per thing that a creator makes. For example, if you pledge $2 per video, and the creator releases 3 videos in February, then your card gets charged a total of $6 that month. This means the creator gets paid regularly (every time she releases something new), and you become a bonafide, real-life patron of the arts
Conclusions – Should you do a degree and/ or pursue a regular career, or do something different instead?
I wouldn’t dismiss the idea of pursuing a career (I’ve actually found my own personal career in teaching A level Sociology quite rewarding), or doing a degree (I’ve got 3 of them), in fact I’d recommend either, when and if the time’s right for you. If that time isn’t now, why not leave it a while and pursue one or more of the above alternatives for a while?
There are of course various other alternatives to a regular career which you could consider, and if I’ve got time I’ll bash out another post covering the pros and cons of options such as becoming a monk or marrying the money/ becoming a prostitute.
*When I were a lad things were easy: after I’d finished my A levels and my Dad justifiably booted me out the house shortly afterwards, I spent 3 months doing farm-work, 3 months homeless and begging and then a further 18 months in a house but on the doll, mostly tossing about chilling, juggling (I got quite good) and reading, before starting a degree in Anthropology and American Studies a full 2 years and 3 months after my A levels had finished.
The problem these days is that you’ll never compete with agricultural workers from Eastern Europe for fruit picking jobs (and fruit-picking sucks); and the state and people in general aren’t quite as generous, which rules out the doll and begging as viable alternatives, so you’d need to be more somewhat more creative to avoid doing either a degree or getting a job for a couple of years or more.
** In fact they’re not normal – Zoella at least was privately educated, which means she comes from the wealthiest 7% of households – which probably goes some way to explaining why she had the confidence and time to start vlogging in the first place – the private school gave her the confidence, and daddy (probably, more likely than mummy) would have paid for the stuff crucial to her style of vlogging. If she’d have been poorer, she would have had to have spend more time working for a living, and less time making pointless videos. I don’t know about Alfie’s background, I can’t be bothered to research it.