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I think one of the huge failures of the "western" industrial mindset is that someone either goes to college, or "skilled trades".

Why isn't the path of studying onwards in parallel to a career more commonly recommended?

Engineering students who have spent most of their waking and working hours coping with machine failures will also have a much more worldly perspective than naive teenagers who dream of being the next Edison, while worried that they'll be the next Tesla; in reality, both are ludicrously unlikely scenarios.