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Meet a 23-year-old electrician who was a ‘good student’ but skipped college to become his own boss. He makes 6 figures

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Growing up in Concord, North Carolina, just outside Charlotte, Jacob Palmer was a classic academic achiever. “I was a good student,” he says in an interview with Fortune. “In high school, I participated in all types of extracurriculars, student leadership, I did a lot of public speaking. I had all sorts of friends.” But he said something changed during the pandemic. “School looked drastically different doing online classes and Zoom calls. It felt very intangible.” He says he figured out pretty quickly that online college “didn’t work for me. I hated it.”

Palmer said that instead of sticking with college, he tried things out, including a stint at a FedEx warehouse for several months, and a change of scenery at his grandparents in rural Virginia, where he worked at a factory for a few months.

When he returned home, in need of a job, his mom was putting in a hot tub and she mentioned the electrician working on it was “super passionate and loved his job.” Palmer said he sounded him out, estimating that he was about 29 at the time, and liked that he worked for himself. “I had a general interest in working with my hands, fixing and making things, as well as a basic understanding of electrical theory from my time in AP Physics class.” Soon afterward, he started as a full-time apprentice at a small, Charlotte-based contracting firm, earning $15 an hour at first and working his way up the ladder.

He was far from alone. Palmer’s micro-generation abandoned college in droves during the pandemic, driving 42% of an overall 15% decline in undergraduate enrollment between fall 2010 and fall 2021, according to the National Center for Education Statistics (NCES). Overall, college may have peaked, as experts have predicted a “demographic cliff” ever since 2007, when Americans started having fewer children with the coming of the Great Recession, and birthrates have not recovered since, according to the Centers for Disease Control and Prevention. Palmer was part of a movement deciding to try something else instead of college.

“I spent a few years just untangling the extension cords and doing the grunt work,” he said, earning hours en route to sitting for an electrical license. But even though he didn’t become a college student, he still found himself studying hard, because he had to pass his licensing exam, in January 2024. Just a month later, at 21, he opened his own business, Palmer Electrical. By the end of that year, according to profit and loss statements reviewed by Fortune, he grossed nearly $90,000. Year-to-date in 2025, he’s already exceeded that.

“I’m a one-man, one-truck operation,” he explains, adding that he started just doing work for friends, family, and “around the neighborhood.” Soon, word-of-mouth referrals began to flow. As of early September 2025, he’s booked out a month in advance. But the real kicker? He’s 23, debt-free, and fully independent. “I don’t owe anybody anything,” he says, contrasting his position with college-bound peers saddled by loans and job uncertainties.

A broader trend: the rise of blue-collar ambition

Palmer’s story is not a fluke, says Marlo Loria, Director of Career and Technical Education and Innovative Partnerships at Mesa Public Schools in Arizona—a district at the forefront of changing perceptions about the trades. “In my school district, we have students that are a lot more interested in the trades as compared to, maybe, what some national statistics are looking at,” Loria explains. While college is still a focus, she sees a distinct shift: “The hardest thing is everyone thinks college is a bachelor’s degree, right?” Loria asks. “College is just a vehicle for getting training and skills for whatever career you want, and that might take you a year, it could take you six weeks, it could take you four years.”

Jobber, a 14-year-old software provider that has helped over 300,000 people  start, build, and scale home-services business, produces an annual “Blue Collar Report.” Its 2025 edition highlighted how a blue-collar career can be a more than viable alternative to college for entrepreneurs such as Palmer. It polled over 1,000 Gen Zers from age 18 to 20 and over 1,300 parents with high school and college-age kids, and found that Gen Z and their parents alike are at least rethinking college as rising costs, AI disruption, and job insecurity push the skilled trades into the spotlight, but stigma and outdated guidance from schools represent a roadblock.

Loria told Fortune that her district and others nationwide are adopting academy models that blend college, trades, and direct career pathways, giving students options beyond the four-year university pipeline. “Our youth want to know why. Why do I need to go to college? Why do I want to get in debt? Why do I want to do these things?” She said the answer that she used to hear—because I told you so—isn’t cutting it anymore, and as an educator and administrator, she has to come to understand “the reality” of social media’s dominance: “they have access to all of the information at their fingertips.” She says her approach to use a career as the “carrot” to shepherd students into their post-secondary options.

And Palmer’s field is of especial interest to Loria’s students, she added. “Electricians are really super huge right now, especially in Arizona,” she said, citing the surge in data-center building that is reshaping the regional economy. She said the boom is having a kind of “cross-cutting” effect across sectors. “To support AI, you’ve got to have electricians and you’ve got to have construction workers to build the data centers … We have Google and Apple and Meta building major multifaceted data centers here, but they say the only thing that’s going to hold back that growth will be our lack of access to construction workers.”

Jobber cites projections for skilled trades demand from the U.S. Bureau of Labor Statistics that supports Loria’s argument. From 2023 to 2033, it sees demand for the trades rising much faster than the 4% average for all occupations, with electricians (11%), plumbers (6%), and HVAC technicians (9%) representing some of the most in-demand and hardest-to-fill roles. The cost of college, meanwhile, has tripled over the last 30 years, with CollegeBoard data showing that tuition and fees costs $11,610 per year on average at public, in-state schools, and $30,780 for undergraduates from out of state. The costs of trade schools vary, but rarely surpass $15,000 for an entire program.

Blue-collar YouTuber

In Southern California, 19-year-old HVAC technician Itzcoatl Aguilar is still on the launch pad. Home-schooled, he started working in the trades at 16 and now commutes to job sites around Los Angeles, Orange County and the Inland Empire, he tells Fortune. Sometimes he works up to 12 hours a day, he added. Recently, he switched to a new company where his boss is actively mentoring him, and he sees another one or two years before he can become his own boss. Just like Palmer, he’s methodically investing in a work van and tools and prioritizing getting his own license.

While some of his high school peers enrolled in college, he saw more value in entering the workforce directly. “Having to be in a career that I would personally need to spend time away for four years, and then not even having a surety that my degree is going to … get me job security.” That was something that he just didn’t want to do, he says. Aguilar said he hasn’t even cashed a paycheck yet at his new job, so he can’t give revenue figures, and he was making something like minimum wage before, but he’s still living with his mother and two sisters (he’s the youngest of eight siblings). He’s comfortable living at home “because it really gives me an edge on financials and saving, and obviously I help out with the rent and [other bills].”

He’s also drawing additional revenue from his YouTube channel, “EwokDoesHVAC,” which he started seven months before. “I was very inspired by other HVAC channels,” he says, adding there’s a surprisingly large number of them. He discovered them after he started doing HVAC work himself. “I was very devoted to HVAC, so I did a lot of research … I did a lot of research on YouTube.” He’s grown to nearly 30,000 subscribers, he says, but he’s never had more long-form views than his first video, which identified him in the title as an “18-year-old HVAC technician.” He estimates he got 450,000 views from it (close: it was 407,000 views at time of publication). His more recent videos average roughly 10,000 views apiece.

Aguilar adds that he “always wanted to be a YouTuber,” recalling videos from elementary and middle school, “literally in the car recording, just eating a muffin, chatting, talking about what happened at school, like someone fell down a stairway. ” He said he was “seeing all the YouTubers, so I kind of wanted that.” After all, he was born in 2005, the same year YouTube was created. When asked if it’s exhausting working two jobs—HVAC and his side hustle—he says that old-fashioned sales is “very draining.” Trying to make a sale with a real person is much harder than putting himself on camera, he says, “because on the camera, you can turn it off.”

Being your own boss

Social media, Loria observes, has turbocharged interest in alternative career paths among the Gen Zers that she’s advised. “They see things on social media, influencers, for example, that are making all this money, and they think, ‘Well, that’s what I want.’” Popular blue-collar influencers include “The Expert Plumber” Roger Wakefield, who is not a Gen Zer, and Lexia “Lex the Electrician” Czumak-Abreu, who definitely is.

Loria says she taps into this social-media appetite to pitch a vision of entrepreneurship, advising students to “go learn a skill, a trade, go get your license, but also take some classes on how to be a business owner, because maybe one day you would want to run your own electrical company or your plumbing company.” She says they talk in her community about “blue-collar billionaires. They’re the ones that have the nice boats and the three houses.” Realistically, she adds, these people are not truly that wealthy, but they’re an aspirational example. Swiss investment bank UBS calls these the “everyday millionaires,” commenting on how remarkable growth is in the seven-digit wealth bracket.

Palmer tells Fortune that he’s already achieved most of his early professional goals, including being his own boss, and after his mother moved to Florida in June 2025, he moved in with his girlfriend. Up next, he said, YouTube has been taking up more of his attention recently. “Depending on how next year goes on YouTube for Palmer Electrical, that could be a big part of my future, content creation.” He adds, “I hate the word ‘influencer,’ but, you know, electrical influencer?”

It’s not about vanity, he clarifies: it’s another revenue stream. He estimates that he started out generating around $450 per month from YouTube advertising on his videos, and his most recent was $1,300 for August 2025. “Middle-school Jacob would be going crazy right now,” he adds. “He wouldn’t know what to do with himself.” Palmer’s YouTube page shows something like the opposite trajectory of Aguilar’s, as he started with less than 1,000 views for his first video but grew to 88,000 for a hit video in the summer of 2025.

Palmer can foresee a time where, like Aguilar, YouTube and content creation takes up a bigger portion of his income and his time, and that will help with the inconvenient fact of just how hard he’s working. He only took one week of “true vacation” over the last year. He is maximizing his weekends, for instance going to a beach on the weekend or work trips attending conferences in different parts of the state. Palmer notes that he’s a member of the North Carolina Electrical Inspectors Association. That’s the downside of being your own boss, he adds: “If I stop, the checks go to zero.”





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Coupang CEO resigns over historic South Korean data breach

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Coupang chief executive officer Park Dae-jun resigned over his failure to prevent South Korea’s largest-ever data breach, which set off a regulatory and political backlash against the country’s dominant online retailer.

The company said in a statement on Wednesday that Park had stepped down over his role in the breach. It appointed Harold Rogers, chief administrative officer for the retailer’s U.S.-based parent company Coupang Inc., as interim head.

Park becomes the highest-profile casualty of a crisis that’s prompted a government investigation and disrupted the lives of millions across Korea. Nearly two-thirds of people in the country were affected by the breach, which granted unauthorized access to their shipping addresses and phone numbers.

Police raided Coupang’s headquarters this week in search of evidence that could help them determine how the breach took place as well as the identity of the hacker, Yonhap News reported, citing officials.

Officials have said the breach was carried out over five months in which the company’s cybersecurity systems were bypassed. Last week President Lee Jae Myung said it was “truly astonishing” that Coupang had failed to detect unauthorized access of its systems for such a long time.

Park squared off with lawmakers this month during an hours-long grilling. Responding to questions about media reports that claimed the attack had been carried out by a former employee who had since returned to China, he said a Chinese national who left the company and had been a “developer working on the authentication system” was involved.

The company faces a potential fine of up to 1 trillion won ($681 million) over the incident, lawmakers said.

Coupang founder Bom Kim has been summoned to appear before a parliamentary hearing on Dec. 17, with lawmakers warning of consequences if the billionaire fails to show.

Park’s departure adds fresh uncertainty to Coupang’s leadership less than seven months after the company revamped its internal structure to make him sole CEO of its Korean operations. In his new role, Rogers will focus on addressing customer concerns and stabilizing the company, Coupang said.

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Databricks CEO Ali Ghodsi says company will be worth $1 trillion by doing these three things

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Ali Ghodsi, the CEO and cofounder of data intelligence company Databricks, is betting his privately held startup can be the latest addition to the trillion-dollar valuation club.

In August, Ghodsi told the Wall Street Journalthat he believed Databricks, which is reportedly in talks toraise funding at a $134 billion valuation, had “a shot to be a trillion-dollar company.” At Fortune’s Brainstorm AI conference in San Francisco on Tuesday, he explained how it would happen, laying out a “trifecta” of growth areas to ignite the company’s next leg of growth.

The first is entering the transactional database market, the traditional territory of large enterprise players like Oracle, which Ghodsi said has remained largely “the same for 40 years.” Earlier this year, Databricks launched a link-based offering called Lakehouse, which aims to combine the capabilities of traditional databases with modern data lake storage, in an attempt to capture some of this market.

The company is also seeing growth driven by the rise of AI-powered coding. “Over 80% of the databases that are being launched on Databricks are not being launched by humans, but by AI agents,” Ghodsi said. As developers use AI tools for “vibe coding”—rapidly building software with natural language commands—those applications automatically need databases, and Ghodsi they’re defaulting to Databricks’ platform.

“That’s just a huge growth factor for us. I think if we just did that, we could maybe get all the way to a trillion,” he said.

The second growth area is Agentbricks, Databricks’ platform for building AI agents that work with proprietary enterprise data.

“It’s a commodity now to have AI that has general knowledge,” Ghodsi said, but “it’s very elusive to get AI that really works and understands that proprietary data that’s inside enterprise.” He pointed to the Royal Bank of Canada, which built AI agents for equity research analysts, as an example. Ghodsi said these agents were able to automatically gather earnings calls and company information to assemble research reports, reducing “many days’ worth of work down to minutes.”

And finally, the third piece to Ghodsi’s puzzle involves building applications on top of this infrastructure, with developers using AI tools to quickly build applications that run on Lakehouse and which are then powered by AI agents. “To get the trifecta is also to have apps on top of this. Now you have apps that are vibe coded with the database, Lakehouse, and with agents,” Ghodsi said. “Those are three new vectors for us.”

Ghodsi did not provide a timeframe for attaining the trillion-dollar goal. Currently, only a handful of companies have achieved the milestone, all of them as publicly traded companies. In the tech industry, only big tech giants like Apple, Microsoft, Nvidia, Alphabet, Amazon, and Meta have managed to cross the trillion-dollar threshold.

To reach this level would require Databricks, which is widely expected to go public sometime in early 2026, to grow its valuation roughly sevenfold from its current reported level. Part of this journey will likely also include the expected IPO, Ghodsi said.

“There are huge advantages and pros and cons. That’s why we’re not super religious about it,” Ghodsi said when asked about a potential IPO. “We will go public at some point. But to us, it’s not a really big deal.”

Could the company IPO next year? Maybe, replied Ghodsi.



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New contract shows Palantir working on tech platform for another federal agency that works with ICE

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Palantir, the artificial intelligence and data analytics company, has quietly started working on a tech platform for a federal immigration agency that has referred dozens of individuals to U.S. Immigration and Customs Enforcement for potential enforcement since September.

The U.S. Citizenship and Immigration Services agency—which handles services including citizenship applications, family immigration, adoptions, and work permits for non-citizens—started the contract with Palantir at the end of October, and is paying the data analytics company to implement “Phase 0” of a “vetting of wedding-based schemes,” or “VOWS” platform, according to the federal contract, which was posted to the U.S. government website and reviewed by Fortune.

The contract is small—less than $100,000—and details of what exactly the new platform entails are thin. The contract itself offers few details, apart from the general description of the platform (“vetting of wedding-based schemes”) and an estimate that the completion of the contract would be Dec. 9.Palantir declined to comment on the contract or nature of the work, and USCIS did not respond to requests for comment for this story.

But the contract is notable, nonetheless, as it marks the beginning of a new relationship between USCIS and Palantir, which has had longstanding contracts with ICE, another agency of the Department of Homeland Security, since at least 2011. The description of the contract suggests that the “VOWS” platform may very well be focused on marriage fraud and related to USCIS’ recent stated effort to drill down on duplicity in applications for marriage and family-based petitions, employment authorizations, and parole-related requests.

USCIS has been outspoken about its recent collaboration with ICE. Over nine days in September, USCIS announced that it worked with ICE and the Federal Bureau of Investigation to conduct what it called “Operation Twin Shield” in the Minneapolis-St. Paul area, where immigration officials investigated potential cases of fraud in immigration benefit applications the agency had received. The agency reported that its officers referred 42 cases to ICE over the period. In a statement published to the USCIS website shortly after the operation, USCIS director Joseph Edlow said his agency was “declaring an all-out war on immigration fraud” and that it would “relentlessly pursue everyone involved in undermining the integrity of our immigration system and laws.” 

“Under President Trump, we will leave no stone unturned,” he said.

Earlier this year, USCIS rolled out updates to its policy requirements for marriage-based green cards, which have included more details of relationship evidence and stricter interview requirements.

While Palantir has always been a controversial company—and one that tends to lean into that reputation no less—the new contract with USCIS is likely to lead to more public scrutiny. Backlash over Palantir’s contracts with ICE have intensified this year amid the Trump Administration’s crackdown on immigration and aggressive tactics used by ICE to detain immigrants that have gone viral on social media. Not to mention, Palantir inked a $30 million contract with ICE earlier this year to pilot a system that will track individuals who have elected to self-deport and help ICE with targeting and enforcement prioritization. There has been pushback from current and former employees of the company alike over contracts the company has with ICE and Israel.

In a recent interview at the New York Times DealBook Summit, Karp was asked on stage about Palantir’s work with ICE and later what Karp thought, from a moral standpoint, about families getting separated by ICE. “Of course I don’t like that, right? No one likes that. No American. This is the fairest, least bigoted, most open-minded culture in the world,” Karp said. But he said he cared about two issues politically: immigration and “re-establishing the deterrent capacity of America without being a colonialist neocon view. On those two issues, this president has performed.”



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