We are Living in an Age of Knowledge Economy Built on Skilled Labor

Most people only consider the direct impact of a college degree on their own lives-but a college degree has a tremendous impact on the well-being of our own families as well, especially our children. Not only are children of parents with a college degree education better off socially and economically, but studies have shown that children in households where one or both parents have a college degree are themselves more likely to earn a college degree. “According to an estimate in 2028 there will be 19 million more jobs for educated population that there are qualified people to fill them”.

With proper education, it can help shape an individual's future; education is the foundation of the way of life today, it is needed and required everywhere in the world. Those who strive to be employed, make money, or do something great in the future has to rely on education to get them there. Education is mandatory to become an engineer, doctor, teacher, astronaut etc.; the skill required to be able to do any type of work is gained from learning the basics and having a clear understanding of it. An individual's success depends mainly on their talent and hardwork. Although we rely on education, we as well rely on that individual's strength, determination, and perseverance. Every individual are each a diamond in the rough and should be well taken care

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,

Higher levels of education correspond to improved health, a longer lifespan, higher salary, reduction in crime, reduction in poverty, and lower unemployment rates.

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.

The better the education a person has, the more successful they will be. Even having a basic education can bring you far. If people didn?t take education seriously, the country would not be the country we would be today. We would have corruption throughout the nation and our technology would be outdated. We would have not had any advances in medicines or cures to many of the diseases that are curable today. The stability in the government would not be balanced, and the economy would sink into depression. Everything considered the country would be in turmoil and misery.

As the economy becomes more technologically complex, the amount of education that people need will rise. At some point, 15 years or 17 years of education will make more sense as a universal goal.” Education in our current society is a big part of every individual's future. Without a college education, there are countless of jobs that you can be left out of your reach. The higher education you have the better job you are open to and the less of an education you have the lower paying jobs you are allowed to have.

Education is today more critical than ever. College has become virtually a precondition for upward mobility. Men with only a high school diploma earn about a fifth less than they did 35 years ago. The gap between the earnings of students with a college degree and those without one is bigger than ever.

Source D states that “education seems to make people happier and healthier,” so it could help the college student do better in college for higher degrees for a career that earns more money. College also prepares young adults to be more mature after graduating, so they can be wiser about having a successful future. Smart choices in an adult’s career or life can be beneficial because their decisions could open up better opportunities for themselves, and their skills in life and career could be improved to become more successful. College graduates said that “their education was very useful in growing intellectually, helping them grow and mature as a person, and helping them prepare for a job or career” (Source

People with an education soon get jobs with benefits that give them coverage for usually expensive medication, they make friends at work and school and they are able to support their families. They also have the privilege to choose what they want to do in life before post-secondary education, (what they want to study). Also after education. This is because they support themselves and get to make their own decisions. Education improves your social life and your academic life.

Education is a weapon to fight against poverty and unemployment in the society. More educated people are less likely of being unemployed and less likely to live in poverty. Educated people’s outcome has a direct impact to the society. In “The Benefits of Higher Education for Individuals and Society,” by Sandy Baum and Kathleen Payea says, “widespread productivity increases, the higher earnings of educated workers generate higher tax payments at the local, state, and federal levels, and consistent productive employment reduces dependence on public income-transfer programs. Because the individual outcomes affect others, it is not possible to separate the benefits to individuals from those shared by society as a whole.” Educate people pay more tax than others. Their tax contribution helps the society with different issues like health issues, seniors, and for others who need support from the government. That would be a benefit for the society. Moreover, graduates are in better health conditions and their marriages are more stable with healthier children relative to people with less education. These graduates have lower smoking rates and positive awareness of personal health, and lower rates of being in jail. For example, the cost of health care in a healthy society would be less, crime and unemployment would be lower.” Most of the time educated people aren’t involved in crime, instead they engage in their jobs. Students

the lowest levels of education have the highest rates of unemployment. So a stronger appliance of the educational system can steer society towards positive growth, centered around a successfully working unit that can produce better workers and create greater welfare. On the other hand, these workers will also create a more productive society that will eventually cause GDP per capita levels to increase, as well as economic expansion and the international status of the country in general. Education can very well create highly skilled workers, but that doesn’t eliminate the fact that the quantity of working positions

College education also has a good effect on the economic growth of a country. College students after graduating get employed by companies when Employees get higher wages and more productivity is going on in a country, it is an indication that a country’s economy is good. “A study by Federal Reserve economists examined the factors contributing to greater state prosperity over a 65-year period and found that a state’s college attainment rates were important factors in explaining its per capita income growth relative to other states between 1939 and 2004”( www.epi.org). This shows that if people go to college and after graduating get a job, they will probably work for a company and will become productive for the country’s economy. “A country 's economy becomes more productive as the proportion of educated workers increases, since educated workers are able to more efficiently carry out tasks that require literacy and critical thinking” (ww.investopedia.com). It is very important for every country to emphasis on college education because it helps a country grow faster. Also, educated people have more productive mind than uneducated people. Less educated people are being denied by companies. (www.net.educause.edu) This shows that companies with higher demands do not hire less educated people and this is a negative point for a country’s economy. Moreover, in the year 2014 4.3 percent of college graduates have increased compared to 2010 (www.nscresearchcenter.org). In year 2014,

Throughout the history of civilization, education has been an important tool in shaping an individual as well as the society that the individual is a part of. In the older civilizations, only the elite upper class had access to education. This kept these people at the top of the social ladder, and suppressed the common people who did not have access to the same education as the nobles. We have come a long way since then, with every child having access to a free high school degree. However, there is still some inequality in this modern education system that has similarities to the old injustices. In this day and age, a college degree is a great start for a young adult starting to enter the work force. According to a study conducted by Pew

An investment in education returns an increase in the level, quantity, and quality of human capital. Human Capital is the skills, knowledge, attributes, abilities, and experience possessed by a region or individual. Translating increased human capital into increased productivity is not direct nor immediate.