You're correct that learning a trade is where there is a solid future income. I'm a trade contractor myself and know first-hand the benefits it has over the 4-year college route.
Of course, hard-headed teenagers don't understand this and think they can do whatever they want in life. While I have encouraged them to follow their dreams, I have also made it clear to them they need to recognize a market based need for their chosen occupation. There is no point going to unidiversity for 4-10 years if unless they want to be a doctor or something that requires that level of training. They also know that Dad isn't going to pay for it either.
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