This blog is for discussing issues in our complex global economy.
I agree that education is very important and not just to get a job, but also to have highly functioning and viable societies, businesses and governments. However, I also think that too much emphasis is placed on a degree with little regard to whether or not the degree applies to the job and with no regard to business experience in a given area or industry. I know of individuals who landed a job because they had a degree even though the degree was in a completely unrelated area. For example, a woman was hired to work for the IRS because she had a BA and no one cared that it was in Art History.
Education is important because it can help people get a better job, and as the graph demonstrates the higher the degree the better the pay, most likely. Not only is a good education important for a good job but knowledge makes people competent and helps them make educated wise decisions. Thus education benefits the individual and the whole society.
Another issue with the economic times that we are in is the better education you have the more you will be noticed by am employer. Where maybe 5-6 years ago you may have been hired for a certain job with just some college, in order to get that same job in this declining job market you now would need say a bachelors degree. Basically with all of the people out of work employers can be more selective and a better education will certainly help you.
According to the chart, my income indicates that I have at least a professional degree. Why is that I’m just now working on my Associates? Experience in one’s field is more important than a “piece of paper.” At 18 I wasn’t ready to learn; I wanted to get out into the world and experience it for what it was. I was able to learn things that no college course could have taught. Along the way I picked up the knowledge and skills required for my current career. I’ve found through the multitudes of positions I’ve held, from the minimum wage restaurant worker to the 6 figure income of a consultant, that 9 times out of 10 not having a degree did not affect my ability to be hired. The experience on my resume and the recommendations of previous employers was what got the job offer, not a college degree. Now that I’m older I find that I actually *want* to *learn* and I value my education in a way that I couldn’t fathom as a young adult. I’m pursuing a degree now for personal reasons, not because I think it will enhance my pocketbook.
In order to achieve financial success in today’s society, education is imperative. Statistics do not lie, and it is a proven fact and common knowledge that having a BA or graduate degree only improves one’s opportunity to earn a desired job. A degree represents not only an educational process, but also one’s perseverance and desire to achieve; often a strong indicator of future success. Those who do not have a degree are at a significant disadvantage, and their opportunity to earn a financially rewarding job is impacted. There will always be special circumstances in which an individual earns a rewarding job based off a social connection, personality, or character. Unfortunately such circumstances are rare. Education is a “means to an end” for some, for others it represents a passion and a strong desire to learn and improve society. Education is a key component of a successful society.
A better education leads to better pay, but in order to get a higher education you have to have money to pay for it. This is probably why few people get doctoral degrees. They take longer to finish school and this takes away from starting a career. So it is more reasonable for people to try at find a stable job soon then later, especially in this economy.
Education allows a person a better oppurtunity to earn a higher wage, but as others have commented that people without higher educations are also able to earn higher wages depending on their skill levels. Now, as unemployment rises and more people start back to school, education can only be the answer if we reform the educational funding system. The school system itself patriotizes young students to the disfunctional bureaucracy. We tell every person that they deserve an education and need it to make more money. Then we go and take money away from the schools, disregarding the fact students will not be successful unless they have sufficent resources to facillitate their educational goals. Reducing funding within the state’s entire education system tells students they are not of value to the society and that only the privileged students can go on to make more money, thus creating disenfranchised youth and a larger gap in the classes. Putting the funding of education as a high priority will benefit the today and tomorrow as increasing funding increases jobs within the schools themselves. Jobs for teachers, jobs for administration, jobs for students all needed to get Students through the programs in the pursuit of higher pay.
This just shows how important a high school education really is. 9% of those without a high school diploma are unemployed, and the average weekly salary is about $430. And 5.7% of those that do have a high school diploma and unemployed, and the average earnings are about $600. So a high school diploma is really important in todays economy especially with the recent economic struggle and incredible amount of layoffs. Also, it shows that the more education one takes, the more likely they will get a better paying job and smaller chance of being unemployed, but the only problem is after all those years of schooling, it will take about a decade to repay those education fees.
An education is one of the most important things a person can have in this day and age. People are smarter and in order to be able to support a family or even just yourself you need a degree of some sort especially with the economy the way it is. Everyone would love to be able to have a Ph. D. or a masters, but in the problem is the amount of time and money required. Prices for schools keep increasing and with the economy the way it is people do not have the time or the money to be able to obtain higher degrees. It ultimately depends on a person’s situation that determines whether or not an education is feasible.
@ Caroline: More and more often, people are hired for jobs that are not directly related to their degrees; yet, would they be hired if they weren’t sufficiently qualified? Earning a degree is more about gaining experience, learning how to learn, and complex problem solving more than a label denoting one’s “proper” field of work.
Not only are employers more interested in hiring and paying higher salaries to more qualified individuals, but also the more educated, high paid individuals are more likely to possess the knowledge, skill sets, and perseverance to earn more money. So, it’s not necessarily the inherent ownership of ‘x’ level of a degree that is correlated with a higher income, it’s how the people that have earned a doctoral degree choose to operate in the professional world.
I came across this list a few months back; it proves that while some majors (like art history) may come with a relatively frugal starting salary, the growth seen in the mid-career median salaries is high in areas like philosophy and history, and far lower in IT and accounting. Thus, while some majors may be valued as the “smarter” majors by students, it is really individuals that determine their ultimate ability to advance their careers and increase their salaries.
First, it seems obvious to me that with technology becoming so advanced you need a college degree to be considered for a job. Also, the tech sector has been surging recently; it’s seen as less vulnerable to bad economy and more likely to benefit from the success of global markets. Secondly, over half of the jobs for Americans provide services these are consulting jobs (ie. financial, political, medical, etc.)requiring one to have an education.
I have always felt that education is a key to your success in life. But on the other hand, those that may not have chose to further their education after High School are still capable of having incomes matching those who have college degrees. One of the bloggers previously mentioned, he is now working on his Associates degree but is bringing in the same amount of money as someone with a degree. The way I see it, and have actually witnessed, experience is a big part of what employers look for, so don’t just rely on knowledge because that’s merely part of the equation to being successful.
I think that everyone has heard at some point in their life. Education is directly related to job security and dollars earned. At this point in time, a huge percentage of the population are going out and getting a bachelors degree. The problem that I see with this is a bachelor’s degree is becoming a high school diploma of the past generation.
I agree that education is very important. Without it you get paid less and the society as a whole does not grow. Also, in employment, a person with a BA is going to have a better chance of getting a job than a peron with an AA. The same goes for a person with an AA as opposed to a person with a high school diploma. The person with the AA is most likely going to get the job. The higher your education level, the more money you make and you have a lower chance of being unemployed.
This chart shows exactly what the job market is like today. It is linked to something I have been reading about recently. The more education you have, the more valuable you are in the job market; and the demand for more educated people is much higher than a simple high school degree. Doctorate degree holders compared to high school diploma holders, for example, are very different in numbers. There are far more high school diplomas out there than there are Doctorate degrees. Therefore, there are far more people to fill the jobs that only require a high school diploma. That is why the category with this level of education has the highest unemployment rate. But it only decreases from there.
In an ever competitive job market, it makes sense to value higher education. Obviously for specialized jobs, such as doctors and lawyers, the only way to obtain these positions is with the required education. However, just by obtaining a degree increases your posibilities, regardless of the fiels. Some people don’t see the relation between a BA in Liberal Arts, and a job in an unrelated field. The fact is that even the Liberal Arts major has further experience critical reasoning, social interaction and strict guidelines.
However, with many jobs, on hand experience can be much more valuable then any degree. Lessons learned in a University setting can be very theoretical, and are no match for the practical experience in the real workplace. I guess when it comes down to it, other factors being consistent, the Degree will come out on top.
As the data shows, a higher education is extremely important. Not only does higher education garner higher wages it also protects a person against unemployment. This data bolsters the argument that a society should put education at the very top of its priority list. To protect the economy, we should protect our educational system. Unfortunately, many policy makers do not agree. Instead of spending billions upon billions in defense, we could benefit greatly from siphoning money away from defense and into education. The United States could have the best educational system in the world, if we were not so busy (and so financially tied) to being the biggest industrial complex in the world.
I agree with this graph and how it is showing education is so important to our wages and the employment factors. If you have th higher education the better the odd are in your income and theri are more job opprotunities for you and work your way up the system. Now the people who dont have college degrees usually make up a large percetage of our unemployment. OUr eudcation really plays a huge role in our live and our work. Companies are in high demand for educated people and those who have that education and specialized in an area are rare. Making those people in high demand for that particular area.
I totally agree with this graph and how it shows the importance of education in relation to wages and employment. In my field, someone with a degree gets promoted a lot faster than someone who’s been in the field a lot longer. I’m guessing it is similar in other fields. This is one of the main reasons that I’m still pursuing higher education.
Education is incredibly important, I think we can all agree on that. But with our state in such bad shape financially, we are seeing budget cut after budget cut in the educational realm, which is making it harder and harder for students to get the classes they need to finish school and get a degree. We need to figure out our deficit so that our schools can go back to functioning at their highest level.
Education is not only the key to better jobs, a higher income, and a better standard of living; it is also the key to having an informed public. With education, the public is more likely to be aware of what government is and what its purpose is: to serve the people. With a more educated population, the nation’s economy is more stable because of the rate of job quality, as well as the knowledge to vote for what the nation needs. Its sad how the overall rate of voting is at its lowest, even with such a high spectrum of people allowed to vote. People nowadays don’t vote because they simply don’t care to be involved and know. How many of us know who our state legislatures are, or how many people make up the electorate? I’m sure we all know more about Hollywood’s actors and actresses, or what’s going on in a tv show than what’s going on with our government. Many people complain that the government is corrupt, but they sit back and do nothing about it. I think education is important because it gives us the ability to use our minds, challenge ourselves, and challenge those that govern us if we believe they aren’t doing their job.
Education is such an important thing to me. Looking at my mom and how she struggles with paying for things and takeing care of of me, my brother and sister makes me want an education that much more. this way when i do start my life on my own and have a family and everything i wont have her same worries. Having a good education lets you be able to get a great job. Not just have a good job that pays good but one that you like. Having an education gives you more choices in life. Also having an education makes you stand out from everybody else if your trying to get a job and things like that. I think education is very important.
The Children are our future….as that song clearly states….however, I think the way we are teaching our children is still from the 1900’s. Our children have to sit still in a classroom for hours on end and listen to a teacher instill the things they “need to know” for their future….well, I say bahumbug to that. Our world is so much more high tech than it used to be…yet we are still teaching the same boring way. I think the best way to learn is through experience and I think that there has to be a better way to educate our children for not only our future but theirs as well. I love reading about some of these new experimental schools that let children move around the classroom and learn how it’s easiest for them to learn….not all of us were built to sit still…my two boys are perfect examples of that…and yet my youngest daughter can sit quietly and do as she is told. I beleive that once our educational system becomes more up to date like the rest of our society…then we will see some real amazing things come from our children. Education is key….however, not everyone knows how to unlock the door.
Education is one of the best things a person can have. It is a future asset that can be used at any time or any where. It is the one that no one can take away from you. Education also broadens people’s perspectives and just makes them more knowledgeable about the world. Just the process of getting an education is enlightening because this is the time when people can share there ideas and understandings with one another. Education can just get better and better which makes our future look brighter.
Education is definitely important, and as evident from the chart that the higher education you receive the more income you will have. But I don’t believe that money is everything. Money is definitely a good thing to have, don’t get me wrong, but there are some people in this world that get just get by, but live extraordinary lives. Many of my relatives didn’t attend college, they work minimum wage jobs, but help people. They find satisfaction in helping people and changing other peoples lives and value that more than a mere dollar.
Education is extremely important. It is something that not everyone can get but something that everyone should strive for. Education not only gives a person a better understand of the world around them but also helps people throughout their lifetime. For example: education guarantees a better job and with a well paying job, comes a better lifestyle and a brighter future, which influences the future generations.
It just shows that the more education you have the more you are going to get paid. That is why parents and everyone insists on students to go to college so that they will make more money. A college graduate makes much more money than a high school graduate according to the numbers. So everyone should try and go to college and get some kind of degree.
Those two graphs show people they need to get more than just an high school education if they want to make good money in this world and you will have a higher chance of having a job if you have more schooling under you belt. so every one should invest in higher education and the state should help colleges out to provide an easy way to get this higher education for everyone.
The graph speaks for itself. Education is extremely important. Those with a higher education appear to be more successful. Those with a lower education have a higher unempolyment rate. I think it pays off working hard now to get a better future than waiting until you have to work so hard to barely get by.
Going to school pays dividends and helps insure financial security. Going to college also helps open doors to differant jobs that a non college grad would not have access to.
Whatever way you wanna chalk it up education is the way to go. I know its hard because this economy is pretty screwed up at the moment and it is not very welcoming for the job seeker, but education just doesn’t match any other choice. I think that today people are worried going through school about if there will be open jobs when they are ready, and making money now is much more prevalent in this day and age. The graph shows it though, it might be hard and tough at times, but the farther you go in your education process, the better opportunities and salary you WILL receive in the future.
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