Forget college. Be a plumber and make real bucks.

Yahoo! Finance’s Tech ticker interviews Boston University economics professor Laurence Kotlikoff, who says a posh education isn’t worth the huge expense if you look at it solely through the lens of lifetime earnings.

The accompanying article reports:

Professor Kotlikoff makes his case by comparing the livelihoods of plumbers and doctors.  Yes, doctors have a bigger salary.  But, doctors have to endure nearly a decade of expensive education before making any real salary, after which the doctor is hit by a very high progressive tax rate.  Because of all the costs the doctor incurs, the taxes and the lost wages, he says, “plumbers make more, and have almost the same spending power over their lifetime as general practitioners.

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  • Plumbing employees, once instruction has been finished, commence out with some variation in wages dependent on which industry they operate in. If they are employed in normal gas distribution, they make the highest hourly wage.

  • Being a plumber is not an easy job. You must know different plumbing problems and you must know also how to fix it in simplest way. If you are a good plumber, no doubt you can pay you large bucks of money.

  •  Plumbing is a skilled trade of working pipes,tube,plumbing fixture system and drainage waste.It is not an easy job but and requires a lot of services.A nice profession to engage because you can earn money at the same time helping other people’s problem.