Actually Steve, when I left college in 1981, I was an engineering student, and was offered a manufacturing engineer position at a Fortune 500 company. The decision came down to: minimun wage job for the next 4 years or ~40K a year to start, ramping up to around 60K within 12 months...(that's 1981 dollars, they made them a lot bigger then..) wasn't a bad decision whatsoever, and I don't regret it for a minute.
2 years down the road I was offered a very sweet "go away" deal during their initial downsizing and I took it, left with a huge chunk of change and got back into graphic arts.
Within 8 months, I pretty much owned the catalog design and shooting business in the area ( New England), for a few years at least. (by 1985, I had 2 Compugraphic typesetters, Linotype imagesetters, a full lab (E6, C41, B&W) and a studio the size of a warehouse jam packed with equipment and a staff that was top notch. (except for the majority of the shooters we hired, fresh out of college with BA or BFA's. Funny tangential story, we had a silverware catalog we were shooting that required a bunch of shots at 100%. I gave the job to one of the newer guys, and stood around and watched. After 45 mins of calculating bellows extensions, bellows factors, etc.. I walked up, took two rulers, and in about 30 sec. was set up for 1:1, I mean what were they teaching these guys?)
At the time, you had a designer, typesetter,art director, etc. all involved in making even a simple one page sales sheet. You had your copy typeset, the designer(or a flunkie) pasted up the layout with comps for your pictures, you made bluelines (matte or clear acetate/mylar with the important items hand drawn), took your product to the photographer, he laid the blueline on the ground glass, etc. you then paid said photographer, left with your trannies, took them to get separated, stripped into the final films, then burnt plates and printed. The fact that we offered a one stop solution, from concept to final film, did in computer stripping, typesetting, etc. and just output film seps isn't terribly revolutionary today, but this was 20 years ago. When the Macintosh made everybody a "desktop publisher" I saw the writing on the wall and got out while the going was good. I spent the next 14 years working in and around the sign trade, as there was still a need for "real" designers, that could come up with a design, sketch it, then draw and hand letter it (in the beginning at least). Creatively very satisfying.
When I moved here (central IL) my wife was fully aware of my photograpy, and from time to time I shot a little here or there. Within a year of moving here, my wife and I had opened our own signshop, and at first it was very satisfying, I would never get rich, but we made ends meet most of the time.
Like everything else (photography included) once it's affordable for the masses, suddenly people that have never worked in the trade are signmakers, giving work away, even worse. (bad work, at least the customer get's what they pay for...) having been down that road before, we closed our shop, and made arrangements for me to get back to doing what I love, photography. Sold the house, living in a cheap rental, parked the Audi for now, and drive a 20+ year old van, doing everthing I can to minimize any non photography related expenses.
It's only the last few years that I've picked up an RB system, several LF cameras and have gotten back into photography hard core. My wife is 100% behind me, and is willing to work full time while I go to school, even if the school work load becomes such that I have to focus on it and not work (at least there's Pell grants and Stafford Loans, worse case). I've given it a great deal of thought and am commited to doing this, and my wife is far more supportive than she should be, given that I'm asking her to give up alot.
The reality is, it's just as copake said, without a degree, at the most I get a look at my book, looks of amazement when they see some of the companies I have done work for in the past, then sorry, but we require a Bachelor's degree, good luck in your job hunt.
Hope that clears some of the confusion without adding a layer or two...
erie