NEW YORK (CNNMoney)

"Today if your kid wants to go to college or become a plumber, you've got to think long and hard," said Bloomberg Monday at the annual meeting of Wall Street trade group SIFMA.

"If he's not going to go to a great school and he's not super smart academically, but is smart in terms of dealing with people and that sort of thing, being a plumber is a great job because you have pricing power, you have an enormous skill set," he said.

The founder of financial data and news services company Bloomberg L.P. even went as far as to say that students considering Harvard should do the math.

You could pay $50,000 to $60,000 a year to Harvard or you could make that much as an apprentice plumber, he explained.

Related: Bloomberg slams Dodd-Frank, Obamacare

Is college worth it? Bloomberg -- who attended Johns Hopkins University and Harvard Business School -- knows what it takes to build a business, and he sees a lot of opportunity for middle class Americans entering the service trades.

He mentioned the plumber father of one of his employees to help make the case.

"He's got six plumbers working for him, he's a scratch golfer, he goes around playing golf courses I only dream about," quipped Bloomberg, drawing chuckles from the audience. "He's built a business, he's had a chance to do that. He never went to college."

The former mayor claimed that such careers are more important now than ever as technology has made it so middle class professions don't pay like they used to. He believes that's why the latest labor statistics show that wages remain stagnant even as employment has gone up.

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Billionaire Michael Bloomberg's advice: become a plumber

NEW YORK (CNNMoney)

"Today if your kid wants to go to college or become a plumber, you've got to think long and hard," said Bloomberg Monday at the annual meeting of Wall Street trade group SIFMA.

"If he's not going to go to a great school and he's not super smart academically, but is smart in terms of dealing with people and that sort of thing, being a plumber is a great job because you have pricing power, you have an enormous skill set," he said.

The founder of financial data and news services company Bloomberg L.P. even went as far as to say that students considering Harvard should do the math.

You could pay $50,000 to $60,000 a year to Harvard or you could make that much as an apprentice plumber, he explained.

Related: Bloomberg slams Dodd-Frank, Obamacare

Is college worth it? Bloomberg -- who attended Johns Hopkins University and Harvard Business School -- knows what it takes to build a business, and he sees a lot of opportunity for middle class Americans entering the service trades.

He mentioned the plumber father of one of his employees to help make the case.

"He's got six plumbers working for him, he's a scratch golfer, he goes around playing golf courses I only dream about," quipped Bloomberg, drawing chuckles from the audience. "He's built a business, he's had a chance to do that. He never went to college."

The former mayor claimed that such careers are more important now than ever as technology has made it so middle class professions don't pay like they used to. He believes that's why the latest labor statistics show that wages remain stagnant even as employment has gone up.

View post:
Bloomberg's advice: become a plumber

Former New York City Mayor and billionaire Michael Bloomberg has some advice for high school seniors: forget college, become a plumber instead.

"Today if your kid wants to go to college or become a plumber, you've got to think long and hard," said Bloomberg Monday at the annual meeting of Wall Street trade group SIFMA.

"If he's not going to go to a great school and he's not super smart academically, but is smart in terms of dealing with people and that sort of thing, being a plumber is a great job because you have pricing power, you have an enormous skill set," he said.

The founder of financial data and news services company Bloomberg L.P. even went as far as to say that students considering Harvard should do the math.

You could pay $50,000 to $60,000 a year to Harvard or you could make that much as an apprentice plumber, he explained.

Is college worth it? Bloomberg -- who attended Johns Hopkins University and Harvard Business School -- knows what it takes to build a business, and he sees a lot of opportunity for middle-class Americans entering the service trades.

He mentioned the plumber father of one of his employees to help make the case.

"He's got six plumbers working for him, he's a scratch golfer, he goes around playing golf courses I only dream about," quipped Bloomberg, drawing chuckles from the audience. "He's built a business, he's had a chance to do that. He never went to college."

The former mayor claimed that such careers are more important now than ever as technology has made it so middle-class professions don't pay like they used to. He believes that's why the latest labor statistics show that wages remain stagnant even as employment has gone up.

"In law firms now you hit a button and get research. It used to be law clerks looking through books," said Bloomberg.

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Billionaire's advice: Become a plumber

Vijay Sampla, once a plumber becomes a minister
Vijay Sampla, once a plumber becomes a minister Website: http://www.dayandnightnews.com/ Facebook: https://www.facebook.com/dayandnightnewss Twitter: http://www.twitter.com/daynnightnews.

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Vijay Sampla, once a plumber becomes a minister - Video

A plumber on trial for manslaughter arising out of a gas leak at the Trident hotel in Kinsale, Co Cork, had told garda he had tested the boiler for possible leaks with a computerised testing device. But the accused later stated he had not done so.

The accused mans own lawyer said yesterday what Richard Davis first told garda, in this regard, was untrue and he clarified it.

Mr Davis, aged 44, from Serenity, Killanully, Ballygarvan, Co Cork, is on trial for manslaughter of Miriam Reidy, and two breaches of the Safety, Health and Welfare at Work Act 2005.

His company, Davis Heating and Plumbing Contractors, of Marina Commercial Park, Cork, is charged with two similar breaches of the act relating to the conversion of a gas boiler at the Trident on January 4, 2011. All charges are denied.

Judge Sen Donnabhin and a jury at Cork Circuit Criminal Court were told yesterday of a pre-prepared statement made by Mr Davis to Garda Michael Brosnan at Kinsale Garda Station on January 10.

Ms Reidy was found dead in her hotel bedroom at lunchtime the previous day.

In his statement, he said he worked as a plumber for 26 years and had completed the recognised courses to be a gas installer, and his company had carried out work at the Trident for 25 years.

Mr Davis said he had a Kane analyser, which he described as effectively a handheld computer to take readings from boilers and store them on the computer and print an information ticket with the reading.

On January 4, Mr Davis was in Kinsale for some other work and inserted a chip into a Worchester Bosch Greenstar Forty CD 1 boiler at the Trident so it could be used with liquid petroleum gas as it was configured at that time for natural gas. I put in the chip in one of the new boilers and did an analysis with the Kane analyser. Everything was OK and I fired up the boiler, Mr Davis said in his first statement.

During the trial yesterday, Michael OHiggins, defending, said: Any suggestion that the Kane analyser was used on January 4 is incorrect. It is untrue. That was later clarified to the garda to their satisfaction.

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Plumber told garda he tested boiler for leaks

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Plumber #39;s Lament
Plumber #39;s Lament Spongehead 1994 Triple X Records Released on: 1994-01-01 Auto-generated by YouTube.

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Plumber's Lament - Video

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New Delhi, Nov 10: Earlier a plumber by profession, Vijay Sampla was a BJP MP from Hoshiarpur Lok Sabha constituency.The 53-year old's dramatic rise from a plumber in the Gulf to the Cabinet ministry is the Rags to Riches story in real life.

A leader from Punjab, has also worked as a farm hand and a labourer. He is now the Minister of State for Social Justice and Empowerment. After being sworn in as the minister, he said," I worked as a labourer. I never dreamed or even hoped to be a minister, but look where life has brought me. When I look at the past 30 years of my life...I have worked in the fields. I have worked as a labourer. I was plumber in the Gulf, a technician, electrician.."

Not believing his fate, he said,"If a tea-seller's son can become prime minister, why can't a plumber become a minister?" Sampla said that he first thought that the call from the Prime Minister's office was a hoax, until he received a call from the Prime Minister himself. However, experts believe that the selection was aimed at 2017 assembly polls in Punjab where the party hopes to get good returns from the Dalits, who comprise a third of the stat'es electorate.

The minister has studied till Class 10 and had joined the party in 1998. It is believed that the RSS had a very important role to play in his entrance into national politics. He had started his career as the Sarpanch or head of the village. He has held several key posts in the BJP's Punjab unit.

OneIndia News

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Who is Vijay Sampla, the MoS for Social Justice and Empowerment?