However, for those that do not wish to go toward the trade route and can afford the cost of higher education a four year university may be highly beneficial. A bachelor’s degree is one of the most common acquired degree among college-bound students. Statically proven, having a bachelor’s degree will lower the student’s chance of unemployment in the future compared to someone with an associate’s degree or less. Although obtaining debt is still a possibility for most millennials due to the rising cost of tuition there are various degrees that have a high return rate due to higher pay. According to Annalyn Kurtz in her article, “Yes, a College Degree is Still Worth It”, those looking to maximize their investment should look toward obtaining a …show more content…
There are two types of jobs that traditionally require a degree of higher education and are distinguished as middle-skill and high-skill jobs. Although employment among high-skill jobs remain steady, the employment in blue collar jobs continue to dwindle as there is not enough workers in demand to fill the empty positions. A few examples of middle-skills jobs would include an electrician, plumber, and maybe even a dental hygienist. For those that do undertake the training needed for blue-collar occupation there are several benefits to it such as on the site job training. According to Selingo, as middle-skill jobs are faced with a skills gap this led to employers providing students with “both the academic education needed to succeed in today’s work force and the specific hands-on skills to get a job in their companies” (Selingo). Not only are workers exposed to the training they need, but the starting salary for some middle-skill jobs can well reach close towards the six figures which can be as high as some jobs that would have required a Bachelor’s degree. On the other end, are white collar workers who would have a four year degree or higher which would include doctors, lawyers, teachers, and engineers. Not surprisingly, that the Bureau of Labor Statistics states in their report, “Projected Rate of Change by Major Occupational Group,” of the low unemployment rate that those with a Bachelor’s degree or higher have as well as median earnings
The real problem, according to Bruni, is that a college education is now far less likely to result in gainful employment. While statistics suggest that the rate of unemployment for college graduates is far better than for those with only a high school education, Bruni argues that these statistics
The experience college can give is remarkable. College is a valuable experience because individuals who attend will have a lower chance of being unemployed, will be in better health, and paying off debts will be possible! Unemployment is on the rise, always trying to be avoided. By obtaining a degree, the chance of being out of work is reduced. Baum, Ma, & Payea (2013) claim, “The 2012 unemployment rates for 25- to 34-year-olds were 9.6% for those with some college but no degree and 7.2% for those with associate degrees” (p.20).
If more people went to college, and less went the vocational route, jobs will take a momentous hit. Today, companies will not even touch an application that does not include a Bachelor’s Degree; even if the Bachelor’s Degree has nothing to do with the job being applied for. Attention is not given to whether the hopeful applicant qualifies for the job; all that matters is that the applicant has a Bachelor’s degree. Murray best sums up the American job market when he says, “Employers do not value what the student learned, just that the student has a degree” (Murray). However, if less people obtain a Bachelor’s Degree, employers will be forced to base applicants on their skills, and abilities. Furthermore, important vocational jobs that lie vacant will be filled. Good electricians, carpenters, and construction workers will always be in
In addition, the writer of “The Benefits of a College Degree” wrote that”One of the most important and obvious reasons to earn a college degree is to increase your earning potential”(“The Benefits”). While it is true that college is indubitably expensive, the years of learning a particular trade or skill for the future of career of these students is important and worth the cost. Also, students can apply for a variety of scholarships for different amounts of money to help pay for college and lower the amount of debt caused by schooling. Furthermore, multiple students believe that a college education is not needed for their future and that they can get good paying jobs without it. This philosophy does not apply to any good paying careers with the exception of the military and some construction jobs. The good paying jobs require at least a bachelor’s degree in many cases, except for a few that require an
With a college education, one of the benefits college graduates earn is more money. College graduates have a much higher earning potential than individuals with no college education. A college education could actually earn you a million dollars over your lifetime. In the article it states, “On average, college graduates earn 1.5 time that of adults with high-school diplomas” (Andreas Schleicher). This demonstrates that by earning a college degree, you will earn a lot more money than people who stop their education at high school. As a college graduate, you earn far more over your working lifetime than non-college graduates. The more education you get, the more likely it is for you to always have a job. There are numerous other benefits associated with graduating from college. The benefits of going to college her in the U.S. are valuable than other countries. As a college student, the effects of a college degree will likely affect you and future generations. In the article it states, “While a degree is still a good investment in other countries, nowhere are the benefits quite as good as in the U.S” (Andreas Schleicher). This demonstrates that here in the U.S., there are plenty of benefits of having a college degree. With a college degree, you will have a higher lifetime earnings, you will have
Not everyone has to have a diploma to prosper. And you would be right; Steve Jobs, Mark Zuckerberg, and Stacey Ferreira are just a few of the many successful people without a college degree. Consider this, the top 1 percent of wage earners in the U.S. earn almost $500,000 per year. The odds of anyone making it to the top are low, even with a college degree, but the odds are better than those with no college education. Of those with college degrees, roughly eight in 1,000 make it into the upper field of income earners. For those without a college degree, the odds drop as low as three out of 1,000. While that may seem unrealistic, on average people with a bachelor’s degree or higher earn about $20,000 more a year than those without a
Sometimes you will hear other people 's conversation and they are filled with talk of the declining value of getting a college education. The earnings from a four year degree are greater today than ever and almost
Having the college experience is everyone’s dream, especially High School students who are ready to get out into the world and explore. College is very important for furthering someone’s career, but no one thinks about all the costs and the stress that comes along with college. Tuition fees and costs are increasing more and more each year. Now days it feels like you have to be a millionaire just to attend a good college and get a good degree in what you were attending for. There are some students that do not have a lot of money and live on very little things with their parents, but indeed are very smart and have a 4.0 GPA. Those students are the ones that are unable to attend college if they cannot afford it. College tuition is too expensive,
Furthermore, a higher level of education correlates to lower levels of unemployment. This is evident through the drop in unemployment when education increases, as the 2013 chart from profitofeducation.org indicates unemployment drops from 14.1% to 9.4% due to the ability to obtain a high school diploma. Furthermore, a study by statistic Canada shows that wage gap between high-school graduates and bachelor’s degree holders has been narrowing over the last decade (between 2000-to-2002 and the 2010-to-2012 period). The hourly wages of full time employed high school graduates between the ages of 20 to 34 increased significantly, whereas the wages of bachelor degree holders barely changed. In addition to this, a study by the European Commission found that if the national education level is increased by a single year, productivity increases by 6.2 percent, and a further 3.1 percent in the long run. Moreover, an educated workforce allows for well-trained workers that are more productive, thus allowing them to earn more money than workers with poorer training. By having a skilled workforce it allows the economy to focus on specific industries in which skilled professionals are readily trained. Additionally, the skilled workers are more likely to be hired by employers
During the great recession, employments requiring higher educations developed by 187,000, while occupations requiring some college of an associate’s degree fell by 1.75 million and employments requiring a high school education or less fell by 5.6 million. In numerous fields like designing, accounting, education, medicinal services, a four year college education is required for entry-level positions. It 's anything but difficult to see how a degree opens up an entire vista of chances that would just be out of reach generally. The potential opportunities open doors are considerably more noteworthy in number for those with graduate degrees. Gain a terminal degree in your field, and the sky 's the
Tuition is the charge or fee for instruction, as at a private school or a college or university. There are different ways of paying for tuition while studying for your career in the next four years or more to earn a degree. Tuition has rose at a substantial rate in the last few years.
Individuals who has a college level education are employed at higher rates and with greater consistency. Those people with less than a high school degree are more than three times as likely to be unemployed compared to a bachelor degree recipients.
The most commonly discuss cater gory of higher education is the private economic it brings. Private economic benefits are those benefits that have economic, fiscal, or labor market effects on the individuals who have attended postsecondary education. For many workers who enter the work force everyday, the objectives are to obtain a high paying, opportunity for advancements and job satisfaction. However, many of these skilled workers do not have secondary education backgrounds. In today technological advance workplace, a secondary education is required in many fields of work. The statistics favor those with higher education background in seeking employment. The overall employment is projected to grow about 20 percents by the year 2005, to 147 million workers and an astounding 39 percents of these new jobs will require a secondary education degree (Farr, 184.) Research shows that individuals who have gone to a postsecondary education are employed at higher rates and with greatere consistency. Another reason for pursuing secondary education is that it pays off in labor market; in both lifetime and average annual income terms, individuals earn more as a results of their higher levels of education. A worker with a degree earns about $16,000 a year more than, on average, than a high school graduate (Farr, 185), Furthermore, there are more college graduates enter the work force every year. The projection that that there are 1.32 million college graduates will enter the work force in the next decade (Kulman, 86.) This will result in others, without a postsecondary education, being bumped out of jobs. And they, in turn, bump out those even less education.
Higher education in the United States arose as an answer to the need to train clergy for the seminary. Throughout the centuries, higher education has evolved to become one of the principal means in educating individuals in specific areas of study. Individuals seek higher education to become more proficient in a particular occupation, area of study, or as a requisite for employment or advancement in specific fields such as engineering, management, or the sciences. The benefits that individuals who attend institutions of higher learning realize are more than education; the benefits are numerous and consist of socioeconomic benefits as well as personal benefits for the scholar, including income benefits, employment advantages as well as personal advantages.
From the government study that showed, there is a substantial gap of income between high school degree and college degree. Average annual earning of the ages from 25 to 32 for full time working employees who has a college degree are $17,500 greater than employees who has only high school diploma or less than. Also, the rate of unemployment of people who has a college degree among 25 to 32 years is almost four times less than whom without the college degree, 3.8 percent in versus 12.2 percent. Based on the information that was given by the government, the fact that the employees need to have a college degree are more and more important nowadays. In addition, the other study from the measure of economic well-being and career attainment, employees who have a college degree are more likely to explore about their job than their peers who only have a high school diploma or less than. In contrast, employees without a college degree are more than about three times compare with those who has a college degree to say their job is just working for living. Also, college graduates are significantly more likely than those without any college experience to say that their education has been very