Getting a college degree increases one's chances of being employed with a stable job because of their diploma and the high college-level education they receive. First, college graduates have a lower unemployment rate than high school graduates. In “College Graduates Fare Well in Jobs Market, Even Through Recession” an article by Catherine Rampell, a Labor Department Report reported since the beginning of the recession, the number of employed college-educated workers has risen 9.1 percent. Those with a without a college education, only a high school diploma, is down 9 percent. The difference between the percent of unemployed college graduates versus the percent of employed is substantial, and it really shows the value of getting a college degree. A …show more content…
Rampell further reports, in 2011 the unemployment rate of people in their 20s with at least a bachelor's degree was 5.7 percent, and for those with G.E.D. or a high school diploma, it was nearly three times as high, at 16.2 percent (Rampell). Nowadays more employers are specifically requiring four-year degrees for jobs that previously did not need them (Rampell). Meaning that in the future more and more people are going to want their employees, making college more worth than it already is. Secondly college graduates are more likely to have a well paying, stable job, rather than an underpaying job. The article “Is College Worth It? Clearly, New Data Says” by David Leonhardt, it states that americans with four-year college degrees made 98 percent more on average than people without a college degree. Being payed 98% more annually is an immense amount of reward for only getting a college education. Similarly in “College Grads Find Big Degree of Debt, DIfficulty” the article states “College graduates with full-time jobs in 2011 earned 64 percent more per week than high school graduates. This statement coincides with the previous quantitative
This week for PLN I read "Is College Worth It? Clearly, New Data Say" by David Leonhardt is about how college is worth it even with its cost. In the article, it describes how important a degree is. It said in the article that 98% of people with a degree made more money than people without a degree. There is nothing inevitable about this trend. If there were more college graduates the pay gap would shrink. The true cost of a degree is negative $500,000. The unemployment rate for 25 and 34 years old is 3%. That is from having a degree. The average hourly wage for a college graduates has risen 1% to 32.60.
In this day and age, an increasing amount of employers are requiring a higher level of education in order to hire people. Having a degree allows adults to have multiple choices of when, where, and how they work. Because of this, college graduates have new and improved employment opportunities. In a recent study of young americans, 58% of college graduates and people with some college or associate's degree expressed being "very satisfied" with their jobs, compared to only 50% of high school graduates and a drastic 40% of people without a high school diploma. For many people, working at a job you are fond of is crucial for living a quality life. Having a degree aids in increasing the amount of choices when selecting a career path you will enjoy. Because of this, college graduates have lower poverty rates than ever before. The 2008 poverty rate for bachelor's degree holders was 4%,
A college degree is a valuable asset that could ultimately lead to a productive life in society due to the received education, but people without a college degree do turn out more than adequate in regards to societal success. According to the Bureau of Labor Statistics, of the forecasted 30 fastest growing jobs between 2010 and 2020, five do not require a high school diploma, nine require a high school diploma, four require an associate 's degree, six require a bachelor 's degree, and six require graduate degrees to get the jobs (College). In an article called “College Education” by ProCon.org,
According to the Bureau of Labor Statistics, the unemployment rate is projected to be highest for those without a diploma or GED. However, those that have a master’s degree will have the lowest unemployment rates. Also, the 2018 estimated median weekly income for people with a diploma or college degrees are as followed: less than a high school diploma, $471; high school diploma, $652; some college but no degree, $727; associate degree, $785; bachelor’s degree, $1,066; master’s degree, $1,300; doctoral degree, $1,624; and professional degree, $1,735. There is a big difference between those without a diploma and those who have earned a bachelor’s degree is very noticeable. For someone to graduate high school and earn a degree in a career that one enjoys can almost immediately change their lifestyle and enjoyment of life. I, myself would enjoy my job more if I made a weekly income of $785, I do not want to work 40+ hours and barely get by. Many youthful people already know what they would enjoy being and by going to college not only will they have a job promised because of the degree in hand but they income will remind them of all of their hard-work. There are a few jobs that require higher education that does not pay as much as it should, but the one that come to mind first are teachers. Four years should earn someone an income of $50,000+ and yet after all of the hard work put into their career, the under-pay, and appreciation they still put their heart into their classes. A positive attitude about one’s job will create a much better work place and one worth being part
College graduates, on average, make a whopping one million dollars more in lifetime earnings than those with a high school diploma. Those with a college degree now make $17,500 more per year than those without — a wage gap that's doubled in recent decades. Those without a degree are four times more likely to be unemployed.One of the biggest and most important reasons for anyone to attend college is the upper hand it gives with regards to jobs and career. A college graduate has a higher chance of landing a job when compared to an individual with a high school qualification. Further, a college graduate also has better options and opportunities to progress in their
As it is heavily believed and statistically proved by Document A, Earnings and Unemployment Rates Based on Educational Attainments (2015), the higher the degree earned, the more money attained, similarly the higher the degree earned, the lower the unemployment rate. This proves the worth of college by giving numerical comparisons of those who invested in it verses those who didn’t. The median weekly earnings of $1,730 from someone with a professional degree put up against the $678 from someone who only graduated from high school shows a very obvious difference. This information greatly supports the decision of going to college by displaying the “in the long run” advantage of college through the amount of money you can make in the future with the degree you earn
Finally is ‘’getting a good job’’ after graduation, For some jobs, If it does, then why do college grads make up 40% of the unemployment? And why do 46% of college grads work jobs that don’t need a college degree why? Most Companies crave people with experience .It’s a horrible cycle because to get experience, you need a job, And to get a job, you need experience. So a college degree just shows a prospective employee that you are willing to do hard work, you can meet deadlines, and you can plan and priorities mean something to you. That's it! A degree will get you "foot in the door" with employers,
“On average, the benefits of a four-year college degree are equivalent to an investment that returns 15.2 percent per year, … more than double the average return to stock market investments since 1950.” (Greenstone 1). This is an amazing deal of a lifetime is anyone asks me, from any investment. The general population is better off entering into to college to get into a better workplace, even if that means dropping out if it becomes over whelming, many find college a life changing experience.
Although college tuition is a lot nowadays, graduates are “far less likely to be unemployed than non-graduates.” (D) A college degree gives you a higher chance of getting a job to assist in securing the future of you and your family while also helping paying off your financial obligations. A college degree not only helps you obtain a job, but it also increase your income. “Construction workers,police officers… make significantly more with a degree…“(D)
Supporters of getting a college degree often point to the statistics that college graduates earn more than their high school educated peers over a lifetime. Statistics by the U.S. Census Bureau reports that since 1977, “Adults with bachelor's degrees in the late 1970s earned 55 percent more than adults who had not advanced beyond high school. That gap grew to 75 percent by 1990 -- and is now at 85 percent.” A gap of an 85% pay difference is a huge figure and a clear reason why college is a great option for some people. But there are problems with that figure because when the number of college graduates who are either unemployed or underemployed is taken into account it changes the value of the statistic. In an article by Businessweek’s Richard Vedder we get statistics to counter that argument. He tells of how the number of new college graduates far exceeds job growth in technical, managerial, and professional jobs where graduates traditionally have searched for employment. As a consequence, we have underemployed college graduates doing jobs historically performed by those with just a highschool education. He says we have “more than 100,000 janitors with
“By 2020, 65 percent of all jobs in the economy will require postsecondary education and training beyond high school,” (“Recovery2020”). This is huge in the upcoming years and will most likely continue to grow as more jobs are created. Even now, a college degree will give a higher chance for a better job because of the degree you worked hard to get.
Individuals who say it is not worth going to college would argue that college is a waste of time but can agree that college graduates make more money than non-college graduates. College graduates with a four year degree make more money than a high school graduate. For example, these statistics from an online source explains that “On average, a college graduate with a bachelor’s degree earned $30,000 more per year than a high school graduate, or about $500,000 more over a lifetime, as of Apr. 2013. The bachelor’s degree makes a huge difference than a high school diploma. The majority of high school graduates want to work when they graduate high
In addition, the employment rate for a college graduate is much lower than others with only a high school education. Today, those who have a college degree, are more inclined to gain a position in a promising occupation. According to Beth Braverman, “Americans age 25 to 34 with a four-year college degree have a startlingly low unemployment rate of just 2.1 percent, compared to 7 percent for those without a degree. (The overall unemployment rate is now 4.7 percent.)” (Braverman para. 2). These percentages, support the claim that college is essential for a prosperous career. In order to succeed in an occupation, getting a job is the first priority. Therefore, with a four- year college education your chances of receiving a job is higher than others without one.
It seems in the society we live in today, having a college degree is a necessity. Years ago it was the norm for people to just go right into a full time job after high school, if they even finished high school; they did this to support their families. In today’s society a person has a difficult time getting a decent job without a college degree. During an adults working life, bachelor degree graduates will earn about $2.1 million and a high school graduate can expect to earn an average of $1.2 million (Day and Newburger, 2002). This is quite a difference and it puts a college education in
The biggest decisions we make before graduating from high school is applying to different colleges. When it comes to decision making where to go, will always have a huge impact on any student career and in most cases paying for the tuition. In the past year student loans have made parents and student ask themselves is the risk worth investing with all the student loan debts increasing rapidly.