In my own experience, I started out working as a technician while attending classes at night to get my degree. All of my tech buddies, had various excuses as to why it wasn't worth it for me (or them) to go to school at night to get a degree. "I'm too old to go to school.", "Won't make any difference", "Can't teach an old dog new tricks.", "I'd rather spend my free-time doing xxx.", etc...
After I got my degree and moved on from being a tech, I not only made more money than my buds but they all got laid off more often and when they did get laid off, they were out of work a lot longer. I know of at least 3 of them who ended up retiring early simply because they could no longer find jobs. I have one friend that is still working as a technician and he got laid off from a decent paying job about 3 years ago. He was then out of work for about 20 months before he finally found another technician job but this job only pays about 60% of what his previous job paid. I retired 2 years ago and I know that if I wanted to go back to work, I could, and for more money than I was making when I retired. I still get recruiters contacting me all the time asking if I would be interested in this or that job.
I've had conversations with tech buddies, reminding them how they told me I was wasting my time getting a degree. Everyone of them told me that they now regret that they never got a degree.
However, I do see that the trend is changing and that companies aren't as hung up on someone having a degree nowadays. I have 2 sons, the youngest has a degree while the older one doesn't. They both work in the automation consulting field with six figure salaries but the older brother (no degree) is a higher level and gets paid more.
After I got my degree and moved on from being a tech, I not only made more money than my buds but they all got laid off more often and when they did get laid off, they were out of work a lot longer. I know of at least 3 of them who ended up retiring early simply because they could no longer find jobs. I have one friend that is still working as a technician and he got laid off from a decent paying job about 3 years ago. He was then out of work for about 20 months before he finally found another technician job but this job only pays about 60% of what his previous job paid. I retired 2 years ago and I know that if I wanted to go back to work, I could, and for more money than I was making when I retired. I still get recruiters contacting me all the time asking if I would be interested in this or that job.
I've had conversations with tech buddies, reminding them how they told me I was wasting my time getting a degree. Everyone of them told me that they now regret that they never got a degree.
However, I do see that the trend is changing and that companies aren't as hung up on someone having a degree nowadays. I have 2 sons, the youngest has a degree while the older one doesn't. They both work in the automation consulting field with six figure salaries but the older brother (no degree) is a higher level and gets paid more.