Gen Z skips college for skilled trades |
As Gen Z graduates high school, many are opting out of traditional college due to rising costs. The annual expense for a four-year public college surged by 30% from 2011 to 2023, while private colleges saw a 42% increase. Nich Tremper, a senior economist at Gusto, notes, “There are about 2m fewer students in a traditional four-year university now than in 2011.” Instead, young adults are pursuing skilled trades, with 18% of the workforce in this sector being Gen Z. For instance, Morgan Bradbury, who completed a welding certification, secured a job at BAE Systems with a starting salary of $57,000. Despite higher wages for college graduates, Tremper highlights that “job security has been stronger in the trades than in many traditional white-collar jobs.” With Baby Boomers retiring, opportunities in skilled trades are expected to grow, allowing Gen Z to thrive economically.