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Writer's pictureCorbin Moyer

Drowning in Debt? Discover the Surprising Solution Hidden in Skilled Trades

So, here’s the deal: College isn’t for everyone. Shocking? Hardly. Yet, somewhere along the way, society decided that the only path to success was a four-year degree, a mountain of debt, and a piece of paper that might (or might not) lead to a job in your field. Meanwhile, the skilled trades are sitting over here like the hidden gem of career options, waving their hands in the air, saying, “Hey, remember us?”


Well, let’s talk about why learning a trade might just be the smartest, most financially sound move you’ll ever make. Grab a wrench—or just a cup of coffee—and let’s dive in.


The Student Debt Crisis: An Expensive Lesson


Let’s start with some cold, hard facts:

  • The average student loan debt for a college graduate is around $37,000 (Federal Reserve, 2024).

  • Over 60% of students take out loans to cover their education, and many spend decades paying it back.

  • Only 27% of college grads work in a field related to their degree (Federal Reserve, 2023). So, you might end up bartending with that philosophy degree after all.


And if that’s not depressing enough, add interest to those loans, delayed homeownership, and savings for retirement that’ll make you feel like your golden years might be spent in a tent.


Meanwhile, skilled trades don’t require that kind of financial doom. In most cases, you can learn a trade for less than $15,000 and start earning a paycheck long before your college-bound peers have even figured out their major.


Mike Rowe Knows What’s Up





If anyone has been waving the flag for skilled trades, it’s Mike Rowe. Yep, the Dirty Jobs guy. He’s spent years advocating for blue-collar careers through his mikeroweWORKS Foundation, which has awarded over $6 million in scholarships to people pursuing the trades.


Mike’s been pretty vocal about the cultural bias against skilled labor. “We’re lending money we don’t have to kids who can’t pay it back to train them for jobs that no longer exist,” he’s said (Mike Rowe Works, 2022). Ouch. But he’s not wrong. With millions of trade jobs sitting unfilled, it’s clear that society needs a wake-up call.


His foundation offers programs like the Work Ethic Scholarship, which focuses on funding education for those willing to learn skills that are actually in demand—you know, like plumbing, HVAC, and electrical work. (Hint: Careers that won’t be replaced by robots anytime soon.)


Why Trades Are Financially Smart


1. Show Me the Money


The earning potential in trades might surprise you. According to the Bureau of Labor Statistics:

  • Plumbers: $59,880/year (median, with experienced professionals and backflow testers earning higher averages) (median)

  • HVAC Technicians: $48,630/year (median, with top earners over $75,000 and rising demand for specialized certifications) (median, with top earners over $75,000)

  • Electricians: $60,040/year (median, with higher earnings for advanced specialties) (median)


Trades graph

And here’s the kicker: Those numbers climb with experience, certifications, and specialization. Compare that to a starting salary for a college grad, which often hovers around $40,000 (NACE, 2023), and the trades start looking pretty appealing.


2. Earn While You Learn


Most trades let you get paid while you’re learning through apprenticeships. Translation? You’re making money instead of borrowing it. Apprentices typically earn between $15–$20/hour, depending on the trade and region. By the time you’re fully licensed or certified, you’re already financially ahead of your college counterparts.


The Skills Gap Is Real


America has a serious skills gap. According to the Bureau of Labor Statistics, there are over 7 million unfilled trade jobs. That’s a lot of opportunity waiting for someone with the right skills.


Here’s the irony: While students pile into classrooms to compete for the same oversaturated white-collar jobs, employers in skilled trades are practically begging for workers. This demand isn’t going away either. With infrastructure bills and green energy initiatives rolling out, trades like plumbing and HVAC are more important than ever.


The AI Job Shake-Up: What You Need to Know


Let’s talk about the elephant in the room: AI is poised to disrupt the job market—big time. But just how big? According to a report from the McKinsey Global Institute, automation could displace up to 800 million jobs worldwide by 2030. Yes, you read that right: 800 million. In the U.S. alone, McKinsey estimates that between 39 million and 73 million jobscould be affected during the same period, depending on how quickly companies adopt these technologies (McKinsey, 2017).


Before you panic and start preparing for an apocalyptic job market, there’s a silver lining: while AI and automation will displace certain roles, they’ll also create new opportunities. In fact, the World Economic Forum’s Future of Jobs Report 2023 predicts a 40% increase in demand for AI and machine learning specialists by 2027, potentially adding approximately 2.6 million jobs in these fields (WEF, 2023).


What’s the Takeaway?


The workforce is evolving, and we must evolve with it. Upskilling and reskilling are no longer just buzzwords; they’re survival tactics for navigating the AI-powered future.



Trade School vs. College: The Cost Breakdown


Let’s compare the costs:

  • Trade School: $5,000–$15,000 total (depending on the program).

  • College: $10,000–$40,000 per year for tuition alone (not counting housing, books, or ramen noodles).


On top of that, most trade programs are shorter. In as little as 6 months to 2 years, you’re ready to work. College? You’re looking at 4+ years before you’re job-ready, and even then, you might need additional training or internships.


How to Get Started in the Trades


1. Research Programs


Look into local trade schools, vocational programs, or community colleges. Many offer affordable and high-quality training in plumbing, HVAC, electrical work, and more.


2. Explore Apprenticeships


Apprenticeships are the golden ticket to starting your trade career. They combine classroom instruction with on-the-job training and pay you while you learn. Check out opportunities through:


3. Get Certified


Once you’ve completed your training, certifications are your next step. These validate your skills and can significantly boost your earning potential. Examples include:

  • EPA Section 608 for HVAC techs

  • Journeyman or Master Plumber Licenses

  • Electrician Licenses


Busting the Stigma


One of the biggest barriers to the trades is the stigma around “blue-collar” work. But here’s the truth: Trades are essential, highly skilled, and often more financially rewarding than many white-collar jobs. Plus, they come with the added bonus of job security. Robots can do a lot, but they’re not unclogging your toilet or rewiring your house anytime soon.

Mike Rowe’s mikeroweWORKS Foundation has been fighting to change this narrative. His message? Stop looking down on skilled labor and start appreciating it for what it is: a smart, dignified, and lucrative career choice.


Conclusion: Trade Up for a Better Future


Choosing a career in the trades isn’t just an alternative to college; it’s a strategic move toward financial freedom, job satisfaction, and a debt-free life. With high demand, competitive pay, and opportunities to advance, skilled trades offer everything you need to build a successful future.


So, take a page from Mike Rowe’s book: Embrace the trades, and you might just find that the road less traveled is also the one paved with opportunity. Ready to roll up your sleeves? Your future’s waiting.


Sources

  • Federal Reserve. (2024). “Student Loan Debt Statistics.”

  • Bureau of Labor Statistics. (2023). “Occupational Outlook Handbook.”

  • Mike Rowe Works Foundation. (2022). “Work Ethic Scholarship Program.” Available at www.mikeroweworks.org

  • National Association of Colleges and Employers (NACE). (2023). “Average Starting Salary for College Graduates.”

  • Apprenticeship Finder. U.S. Department of Labor. Available at https://www.apprenticeship.gov/

  • McKinsey Global Institute. (2017). Jobs Lost, Jobs Gained: What the Future of Work Will Mean for Jobs, Skills, and Wages. Available at McKinsey.

  • World Economic Forum. (2023). Future of Jobs Report. Available at WEF.

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