The Epitaph of the American Economy Will Read TO GET A GOOD JOB, GET A GOOD EDUCATION
Just imagine if you applied for a job and the interviewer told you, "We'll give you a high-paying white-collar job if you first spend four years here working without pay doing menial work."
Or a builder tells his workers, "This skyscraper will take four years to build. I won't be able to make any money on it until it is done. So, you won't get paid until then."
Derek Jeter, as an 18-year-old, got a million dollars to put himself through the minor leagues, which is baseball's equivalent to college education. Suppose he was told instead to take out a heavy loan to pay the minor league clubs and had to get his personal expenses from low-paying and temporary off-season jobs.