Today, enrollment is down over 15% from its peak, with more students opting for trade jobs over office gigs.
These options offer disillusioned new grads an alternative to a costly college degree - one that pays now, not later.
According to WSJ's Te-Ping Chen, a shortage of skilled laborers has pushed up wages - with some industries like construction now paying new hires more than professional services workers.
The trades, once seen as "Dirty" or "Low-end work,", have gained new appeal thanks to technology.
Jack of All Trades Today, more than half of workers aged 25-34 do not have a four-year degree - a trend expected to continue if new grads keep choosing alternative education.
So why is Gen Z choosing a new path? Layoffs at large employers and a weaker hiring market for white-collar workers have forced young people to reconsider the job stability and opportunities available to graduates.
A new study shows that 52% of new graduates end up underemployed one year after graduation - while about a third of US companies have dropped degree requirements.
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