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Why Is Gen Z Skipping School?

LOVE COFFEE Skipping Gcheol Generation Z Entrepreneurs Make Their Own Way Generation Z has grown up watching successful young entrepreneurs drop out of school - but do those few successes set an unrealistic precedent? Generation THE MOST ENTREPRENEURIAL GENERATION Gen Zers Make Their Own Way Students who say they would rather be entrepreneurs than employees after college 61% of 43% of HIGH SCHOOL COLLEGE students students 9% 24% 40% of students grades 5-12 29% Plan to start their own business Want to invent something that changes the world Are already learning how to start and run a business Already own a business Draws of entrepreneurship PARENTAL PRESSURE TO PAVE THEIR OWN CAREER PATH 55%| of high schoolers say that their parents pressure them to gain professional experience while in high school But, 54% of parents have not helped their kids gain that experience Draws of entrepreneurship LOW PROSPECTS IN TRADITIONAL JOBS UNEMPLOYMENT RATE AVERAGE WAGES Young HIGH SCHOOL graduates Young COLLEGE graduates Young HIGH SCHOOL graduates Young COLLEGE graduates 12.1% 16.9% 4.3% 5.6% $10.89 4.3% $19.18 1.4% 2000 2017 2000 2017 per hour lower than 2000 2000 higher than 2000 Draws of entrepreneurship INCREASINGLY INDEPENDENT WORKFORCE 55 MILLION 79% OF FREELANCERS SAID FREELANCING IS BETTER THAN A TRADITIONAL JOB AMERICANS WORK AS FREELANCERS That's 35% of the workforce Are you engaged at work? 85% In 2016, the freelance workforce earned of FREELANCERS 35% Yes! 68% $1 TRILLION of NON-FREELANCERS Another apparent draw of working for yourself? YOU DON'T HAVE TO WAIT TO FINISH SCHOOL What Young Entrepreneurs Say About Education 18 18 years old 20 years old years old Ishan Goel Jeremy Miller Arri Bagah Photo Credit: Nick Mallouf Photo Credit: Trey Cockrum Photo Credit: Daniel Livingston СЕО Inspired Blue Media / IDEAvize President Facebook Marketing Specialist "We need to stop focusing on scaring students into passing and motivate them to do more with the information "Not going to college allowed me to learn and teach myself on my own and at the fast pace that I wanted." "You only need to be in college if you are looking to work in the law or medical fields-otherwise any skill that you want to learn can be learned online at a fraction of the cost." that is taught at school." Why Traditional Education Has Lost Its Luster UNENGAGING CURRICULUM In 2015, only 54% of college freshman and of students grades 5-12 51% are not engaged or are actively disengaged | at school 61% of seniors felt challenged to do their best work HIGH COST OF EDUCATION The cost of 4-year public education increased 151.1% between the 1978 - 1979 and 2016 - 2017 enrollment years 1978-1979 2016-2017 In that same time the median family income only increased by 20.2% 92% increase in student loạn borrowers increase in average 74% student debt 2004 2014 Gen Z wants to avoid the student debt that buried Millennials– 1 IN 5 SAY DEBT SHOULD BE AVOIDED AT ALL COSTS E-learning MORE ALTERNATIVES (online classes, tutorials, etc.) By 2020, Gen Z will make up 40% of E-learning customers By 2025, E-learning will have $325 billion global value That's 4X the $70.6 billion market for higher education PROGRAMS (NETWORK FOR TEACHING ENTREPRENEURSHIP thiel fellowship THAT HELP YOUNG -> ENTREPRENEURS GLOBAL FOSTERING ENTREPREN Entrepreneurial training for high schoolers from low- income communities $100,000 annually awarded 20 entrepreneurs $10,000 business plan competition that has had 140 participants from 25 schools who skip or put off college for 2 years to start a business Skipping school to become an entrepreneur sounds great, right? BUT IT ISN'T THE PATH OF THE MASSES-FOR GOOD REASON Panger of Following Giants The Legendary dropouts inspire young entrepreneurs Steve Jobs Image via CC BY 2.0 via Reynosa Blogs Bill Gates Mark Zuckerberg Image public domain Image via CC BY 2.5 via Elaine Chan and Priscilla Chan DROPPED OUT OF REED COLLEGE in 1972 DROPPED OUT OF HARVARD in 1975 DROPPED OUT OF HARVARD in 2005 Net Worth: $10.2 billion at the time of his death Net Worth: $84.5 billion Net Worth: $70 billion But they don't want to lead by example "Although I dropped out of college and got lucky pursuing a career in software, getting a degree is a much surer path to success." - Bill Gates, Gates Notes June 3, 2015 Average Dropout Isn't Charmed 2014 public high school graduation rate: 82.3% HIGH SCHOOL DROPOUTS Less than 1% of jobs that require high school diplomas or less have been recovered since the Great Recession Reasons to Stay By 2020, 2/3 of all U.S. jobs will require education beyond high school 6-year graduation rate from 4-year public institutions: 59% COLLEGE DROPOUTS 99% of new jobs since the Great Recession have gone to workers with some college education Reasons to Stay Workers with bachelor's degrees or higher receive 57% of all wages -Most Gen-Zers are NOT Ditching the Classroom 61% of students grades 5-12 say they will attend a 4-year college or university after high school Only 3% say they will start their own business right after high school Gen Z entrepreneurs plan to use college to further their business goals Independently investigate new skills and ideas online Network with other young thinkers Gen Zers are still getting their degrees- but what they teach themselves outside the classroom might be what helps them change the world Sources: Presented by: _and_characteristics_2013-14.asp DEVELOPED BY N NOWSOURCING,28804,1988080_1988093_1988082,00.html % include people who agree and strongly agree

Why Is Gen Z Skipping School?

shared by NowSourcing on Oct 05
Why would you go to school just to graduate with lots of debt and have no job prospects? Learn why gen Z is skipping all that in favor of entrepreneurship.


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