Higher Education And Its Impact On Society

The higher a degree one has the more money they make. As one’s degree goes up, as does their earning gap. “...individuals with a four-year college degree earned about 43% more on average than those with only a high school degree...” (FRBSF Economic letter). The more education you have the more money you make. If you have only a high school diploma then you will make significantly less. College is an investment and it pays itself back the farther you get in the working world. “...the difference between earnings continues such that the average college graduate earns over $800,000 more than the average high school graduate by retirement age...” It also drastically lowers the rate of unemployment, ” (FRBSF Economic letter). You are earning close to a million dollars more than you would otherwise with a degree. Making money is key in survival, this day and age. The more money, the more power, and success in the business world.

Many people believe that a college education is a worthy investment. The ability to become a college graduate will result in making more money. There are more jobs in today’s society that require college degrees. College graduates develop more and better employment opportunities within earning a degree. Self-discipline is a major element in becoming a successful graduate. Also, college graduates are healthier and live longer. Adults-young and old, male and female-who have a bachelor’s degree or higher have twice the annual median income than someone with only a high school degree ("Do college graduates," 2014).

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.

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,

Recent high school students are debating whether to or not attend college, should consider the benefits of attaining a college degree. For many low or middle income students, this a route to gain opportunities to improve their economic circumstances. An article, “Pathways to Prosperity,” states in 2008, workers with bachelor's degree make about 65 percent higher than high school graduates and workers with associate's degree make about 73 percent more than high school dropouts.. This is evidence obtaining a college degree can be an opportunity to have earnings higher and significantly increase one's income.

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

Many college students choose to also get more than one degree while attending college to earn more income and further their education. College graduates have the choice of get higher level degrees and training resulting in earn even more income based on the different higher level degrees earned and training received (this means the more degrees and training you have the more income you may receive). People with higher level degrees and training earn more money that those without degrees. In 1996, for example, workers with bachelor's degrees had median annual earnings of about $36,000, while college graduates with more advanced degrees earned around $40,000 (Mittelhauser 3). This is a four-thousand dollar difference in income; this is only one of several examples of how people who graduate college make more money than the average high school graduate and that of people with lower-level degrees. The median annual wage for a bachelor’s degree in 2010 was $63,430. While the median annual wage for a person with a doctoral or professional degree in 2010 was $87,500 ("Employment by Education and Training Assignment, 2010 and Projected 2020"). This is almost a twenty-four thousand difference income just based off of median annual wage of different degrees. The income difference from college graduates than to those of high school graduates is great. College graduates are getting better wages and job openings than those of high school graduates (“President’s Perspective:

Attending college or pursuing a higher education is worth it because a degree ensures a stable, well paying job and provides a better quality of life. In Document A, “Earning and Unemployment Rates Based on Educational Attainment, 2015” compiled by the United States Bureau of Labor Statistics, a higher educational degree, such as a Doctorate or Professional degree, corresponded to a lower unemployment rate with a higher pay, while little to no educational degree corresponded to a higher unemployment rate with a lower pay. This means people who received a college degree had a better chance of finding and retaining a well-paying job because they are typically skilled in one profession that cannot easily be replaced, such as a doctor or engineer.

There is a big difference between having a college degree and a high school diploma. To be exact, there is about a $400 per week difference in what is earned between those who only have a high school diploma and those who have bachelor’s degree. There also is a major substantial difference in unemployment. With a high school diploma, you are looking to earn $1.2 million, but those with a bachelor’s degree can look to see an increase which is $2.1 million. Also, people with a master’s degree look to get around $2.5 million over a lifetime. These are all reasons why college is important to intend. The only thing in the way costs of tuition for most people. If we helped lower the cost with some revenue from the NCAA and colleges that receive extra than it could help create more opportunities for people in

Getting a “good” job is not straightforward as it used to be. In past generations, someone in an entry-level position could work their way up the ladder simply through hard work and determination; whether or not one had credentials or a diploma mattered very little. This is not the case today. Higher education is now critical to obtaining a better job because the demand for skilled labor is rising. For this reason, the value that a degree offers is higher than that of one’s actual intelligence or merit. Furthermore, workers without college degrees will quickly be outpaced in position and salary by degree

“College graduates aged 25 to 32 who are working full time earn about $17,500 more annually than their peers who have only a high school diploma, according to the Pew Research Centre, a think-tank.”(Web) Most students that graduate college agree that college is a good investment despite the cost of university increasing and job salaries staying the same.

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

Evidence: Obtaining a college degree provides career, financial stability and long term job for the future. The employment rate for an individual with a college degree is higher than an individual with a high school degree. For example, the employment rate was highest for young adults with a bachelor’s or higher degree (88 percent). The employment rate for young adults with some college (77 percent) was higher than the rate for those who had completed high school (69 percent), which was, in turn, higher than the employment rate for those who had not finished high school (48 percent). (NCES).

Going to college can help with future earning and how well someone can support themselves or themselves and their family. Going to college can help with earning because the more education someone has, the higher the chance of getting a good and well paying job and the amount of earning can help with financially supporting a family. Getting a job for someone with a less than average education can be hard because of paying bills and supporting themselves by living paycheck to paycheck lifestyle. According to the BLS data chart, someone with less qualification than a high school diploma has the median weekly earnings of $472, as compared to a person with a doctorate or doctoral degree, who would have the median weekly earning of $1,623 (“Education