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I work in education, and honestly, I would support any of my students in searching out a trade vs. going the traditional college route. My boy has a Ph.D. and works at Borders. He was laid off in the process of getting his doctorate from CSU and never bounced back. He stopped writing and publishing articles. He tried administration for the school districts, but they required him to start teaching again in order to apply for an admin position.The competition is tough. Got my bachelor's in 2008 and could never get in my field.
It's rough.