In today’s society, a college degree has become a requirement in order to obtain a well occupied profession. Prior to the recession, which the study defines as the period between December 2007 and June 2009, bachelor's graduates were already more likely to be employed than were associate degree holders, who were more likely to be employed than those without any postsecondary degree. After the recession, employment of college graduates dropped 7 percent, while associate degree holders experienced an 11 percent drop, and employment of high school graduates fell 16 percent. The percent of people excluded from the workforce, meaning they were seeking work but couldn’t find it, rose 31 percent for college graduates, 37 percent for high school graduates, and 50 percent for associate degree graduates, though associate degree holders were still excluded at a lower rate than high school graduates (Tilsley, 2013).
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
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
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:
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
Many people are confused on why to invest time and money of attending college. A reason for obtaining a higher education is that a college degree can possibly earn a much higher salary than the majority of the people who have a high school diploma. College can be expensive and time consuming for the most of the people that do not have enough money and spare time to go to college. Stephen Rose, a research professor at the Georgetown University, wrote an article on “The Value of a College Degree” to explain if a college degree can be valuable to people to have. Eleni Karageorge, an author on the United States Department of Labor, wrote an article “Is A College Degree Still Worth It?” to give some details on job occupations that compares with employees having a bachelor’s degree or a high school diploma on how much they annually make on their job. Finally, Paul E. Barton, a consultant and a writer for topics related on education, wrote an article “How Many College Graduates Does the U.S. Labor Force Really Need?” on giving details on how valuable to have a college degree in the near future are needed when certain occupations are on high demand with a requirement on having a least a bachelor’s degree. We need to know why going to college is so important for anyone who wants to have professional occupations.
A college education is necessary to get a job that pays well, or to get any good job. Any, and every job that is ‘worth’ having requires some type of higher education, whether it relates to the job or to show general experience, a degree is required. “This calls for greater access to a college or university
The type and level of the school, the chosen major, and the cost of the college are all greatly defined dimensions. Data from a Baccalaureate and Beyond Survey calculated that the only difference between the earnings for a bachelor’s degree and a high school graduate’s lifetime earnings is the degree itself. Additionally, private school students may earn more in a lifetime, but will end up paying more for admission. Although they are making more earnings, their opportunity costs are much higher, making their return on investment lower. Selection of one’s major acts in this same way. The authors explain that the major that is paid the highest is “engineering, followed by computers and math. The lowest paid major… is education, followed by the arts and psychology
Lack of proper career planning is attributed to poor performance of graduates. Moreover, lack of on-the-job training lead to poorly trained graduates who lack expertise to deliver in the expected industry. Therefore, a university graduate is expected to earn a degree that should translate to higher work opportunities and pay. For example, the rates of salaries range from $55,000 among engineering majors compared to 30,000 per year for majors in arts, education, and psychology.
Today, degrees are reflecting strongly on people’s lives. The cost of college has become too high for every student or parent to afford, which makes it impossible for everyone to obtain a degree. College level has become too tough and beyond student’s reach and abilities, not anyone who obtaining a degree can get through other majors, such as physics or math, degrees don’t evaluate your skills neither your efforts. For the most important, jobs in our market have been evaluating their applicants’ qualifications through their degrees. Degrees demand beyond the reach of people’s abilities and solutions should be suggested to undermine degrees as a job qualification.
Although the future of higher education may seem trivial, it is in fact crucial in terms of today’s concern over unemployment. With the way the job force has changed due to the fall of the economy, we can no longer rely on our trade or jobs that were lucrative and provided enough income for our families in the past. As it has been proven at Evergreen State College, “despite the university’s reputation as a countercultural bastion, 82 percent of its graduates found full-time employment within a year, and 93 percent of those who applied got into graduate schools” (188). This idea alone proves the fact that one has a larger change of attaining a job, if one has a college education. The notion of having a better likelihood of obtaining a job, or broadening my options, puts my mind at ease about unemployment.
In today’s world, many people think that a college degree isn’t what it used to be. A college degree used to guarantee a job right out of school, and now, even graduates with masters degrees being unemployed in their field of study. William A. Henry talks about this subject in his book , In Defense of Elitism. Henry talks about how degrees don’t guarantee your field of study anymore, and how that the only reason why some people even get job interviews in the first place is because they can put that they have a college degree on their resume. He talks about how just because you perform tasks better in the workplace that it doesn't mean you’ll get the promotion. College educations used to be seen
In the competitive world today, having a college degree might not benefit a student as much as before, thus opening up numerous questions concerning its necessity. Not only is the number of students desperately trying to enroll in college increasing, but the tuition shoots up as well. However, will college enrollment necessarily be enough to increase your chances of attaining job security? The answer is hotly debated amongst adults and students alike, which opens up the second option for students, that is, joining the work force. Although this option is generally shunned by the new generation, the tough economy and slow restoration makes it quite a desirable choice at the moment. Joining the work force is a hard decision to make as it
In today’s’ society, success is often measured by academic and professional achievement. Higher education provides more opportunity and freedom. Statistics verify that generally, the more highly educated have higher earnings and there is a significant difference between wages earned by employees with College degrees and those without. Higher education is often perceived as a means to a ‘better life’ .Though many recognize the benefits of higher education, the rate at which students leave in their first year of College is still very high. Students leave their first year of College for
Furthermore, Nicholson and West (1990) argue that ‘in spite of research showing that moving from education to employment is typically not traumatic, it is probably the case that, on average, young people making a first transition from (full-time) education to (full-time) employment will have more learning to do than more experienced job-changers.’ (Arnold, 1997 pp.167-168.) Therefore, they have developed a ‘Transition Cycle,’ which involves four phases: