Regardless of making big money later or not, I find it horrible to push your kids in a direction simply because of that. They might be better off with less income but liking their job. Or like their job, become very good, and make a lot of money anyway because of that.
But maybe that's because I grew up in a place where you can make a decent living in a wide variety of jobs. Or because almost nobody in my (childhood) vicinity ever had a STEM, or even any white collar job.
That's the issue, seems like the amount of jobs that produce a decent living are fewer and further between. Particularly if you want your own house and a family.
Could be a temporary fluctuation, or it could be that we're mean-reverting to the historical average of an ownership class and an underclass, where only the ownership class has the freedom to pursue their passions with any security. That would be sad, but I'm prepping my family for the latter.
> That would be sad, but I'm prepping my family for the latter.
How, if I may ask?
One can downshift into a lower income more enjoyable job, but one cannot up shift into a higher income job without the required education.
Besides for many people the higher income job is more enjoyable, especially when the lower income job takes a large physical toll.
While it is becoming harder, if you have the right affinity you can certainly still up shift without formal education in IT and related fields.