Profit motive is the reason most businesses exist today. Profit motive defines itself. It is the simple idea that the goal of all businesses is to make profit. Today, one of the best examples of profit motive in my opinion is college. In order to obtain any decent job today you must have contributed to the economy by purchasing a 60,000 dollar worth paper called a diploma. But that's just the small picture; because in the end the goal is that you'll have a job that provides you with just the right amount of income. Having the right amount of income can slowly direct you to fulfilling individual happiness. Human wellbeing maiming depends on the economy and because of that humans allow the economy to become the master. Bobby Scott
I did my own survey because I was interested in how many people actually work at their institutions just for the income. 15 out of 20 people admitted to working just for an income and when asked why they said cost of living is too high. They are bound to a job they hate just so they can be able to spend money in this economy. For many people the deposit they receive every two weeks seems to triumph all their hardships. Of course money isn't always everything, but when measuring our national success as a country it is the only thing people consider. The government uses income to judge the economic well-being of its people. Believing that the more money people make the more money they will spend. People tend to spend more money on better food, clothing, housing, and medical care which are all factors that contribute to helping the economy. So of course our society is going to stress on college because it promotes in better jobs which means better pay leading its people to spend more
I was given a contract, I was put on a salary, and even received good healthcare. I was ecstatic and I couldn't believe that I finally took the first big step in my life. Although after a while I began to spend more money on unnecessary things. Getting my nails done every week, getting my hair done at nicer salons, eating out more and buying nicer clothes. I called it "treating myself". I only began to realize when people started pointing it out to me. But I didn't care because all these things I was spending money on made me feel good and brought me happiness. Seeming a little shallow at the time I soon realized that I was a servant to my own economy. I was providing business with more money. Bobby Scott’s idea of not being able to compete in our economy without a college degree is a prime example of economy is a master of human well-being. It's almost as if our generation is forced upon going to school because society instilled an idea that without it you will be unsuccessful. The economy controls and influences people daily decisions, because everyone knows how competitive it is out there
First, attending college effects financial awareness. College needs to reduce the cost of their tuition to help students that are struggling financially. The benefit of lowering college tuition fees including the fact that higher education is often a standard job requirement in many fields, but also that lower tuition costs increases the accessibility of education, which in turn creates social mobility that is often beneficial to the economy. Freeman Hrabowski, President of the University of Maryland, Baltimore County read an article by New York Times called “College is for Suckers.” He mentions that the article “echoes an increasingly common refrain that college is too expensive, that students are taking unmanageable debt.” (Hrabowski 259). even though Freeman states that there are college prep
Greed Economics: The uplifting or debilitating effect of the excessive desire of gain on the production, consumption and distribution of goods and services.
Based on Three Reasons College Still Matters, there are three main reasons why a college education is so important. From an economical standpoint, an education is most of the time needed to earn enough money to live comfortably. Attending and completing college provides a possibility for future economic stability. Within a highly competitive workforce a college degree can put a foot in the door to a job of a person’s choice. Statistics show that people who obtain a bachelor’s degree or higher get paid more than those who do not obtain one. Many question the worth of a college degree because of how expensive it is, though some say that the money spent is an investment on a person’s future. One can say that the worth of a college education is within the eye of the beholder. Many q...
As Hacker and Dreifus described in their essay, tuition rates are a major factor when it comes to choosing a good college. “For most Americans, educating their offspring will be the largest financial outlay, after their home mortgage, they’ll ever make.” (p. 179) according to Hacker and Dreifus education costs American families lots of money almost as much as home mortgage, and after all that money people aren’t certain if the investment is worth the price or not.
People with a college degree tend to make more money than those who didn’t attend college. This is because most of the jobs that have a higher earning require a college degree. People that only get their school diploma don’t make as much money as someone with a college degree. A study done suggest that people who have a college degree are more likely to get hired because they have an education compared to those who don’t. According to the United States Bureau people who achieved the current degrees earned the following median salaries. People with a doctorate degree earn $100,000 or more. With a bachelor’s degree people earn $58,000 and people with an associates earn $42,000 or more(Lucier). A High School diploma is not worth as much as a college degree. A High school diploma means less today because of the shaping of the world. People who only have a high school diploma earn only about $33,000. These numbers also depend on the type of field that you are going into. For example, people that have a bachelor’s degree in engineering or management will earn a little bit more (Lynn). They will earn more because these fields are really important. In my opinion the United States has been transformed
Throughout the years, America has always debated whether education is needed- if it helps people succeed or not. The argument in the past was always over high school education, which is now mandatory. That decision has helped the US rise economically and industrially. Today, the US is in the middle of the same debate- this time, over college. Some, like David Leonhardt, a columnist for the business section of The New York Times, think a college education creates success in any job. Others, such as Christopher Beha, an author and assistant editor of Harper’s Magazine, believe that some college “education” (like that of for-profit schools) is a waste of time, and can even be harmful to students. Each stance on this argument has truth to it, and there is no simple answer to this rising issue in an ever changing nation full of unique people. Any final decision would affect the United States in all factions- especially economically and socially. However, despite the many arguments against college, there is overwhelming proof that college is good for all students, academically or not.
Money, Money and more Money. Let’s admit, it 's all we think about and it 's also vital to our survival. When we hear the word "college" the first thing that pops into most people’s minds is money and debt. Of course college means money, but it really means money on both sides. You pay people money so you can get more money later. Sounds
College. It is the seven-letter word that almost every child will hear thousands of times while they are growing up. They constantly are bombarded by the idea that they must go to college if they want to be successful. However, what if this is a false statement. What if college isn’t as great as everyone makes it out to seem. Well, these days some people believe that young people are better off, not going to college. Over the years the economy around the world has changed. It has prospered, and it has fallen. As the economy went downhill the government began cutting funds in areas that they felt were necessary to exterminate. One of the largest areas of funding that was cut was education. Colleges began receiving less money from the government, resulting in a rapid increase of college tuition fees. Due to this, a lot of people believe that college tuition is too expensive for what you get, and not worth the money. However, most people believe that college is necessary in order to further their education, and in order for them to earn their degree. They think that this degree has the ability to help college graduates get a job and work up to a career that only someone with a college level degree is able to achieve. The truth lies in the facts, and statistics. College is the seven-letter word that all people should be thinking about. A college education is a valuable investment that everyone should strive to achieve, and is completely worth the expensive cost.
...tion was only for the rich and powerful. Now it is available to everyone, this will have many advantages for our country, our people, and even our world. I definitely believe that it is impossible to be overeducated. The more people are educated, the better the world will be, because people will be able to discuss and exchange ideas. Another pro is that people with degrees have many more opportunities. They can take a wider variety of jobs and do what they enjoy doing, instead of being forced to take a job they dislike. Finally, although there are undoubtedly some problems with college as a business, I feel strongly that each and every individual can excel and gain from having a college education. A college education is the most valuable tool we can use; it’s a foundation that will carry anyone through a successful life. Remember Senator Kerry’s words on making a college investment your most important investment. We may only be 20 percent of the population today, but what we do and the choices we make are going to determine the future. And to me, a college education is a sound investment. An investment that with great dedication and determination will reap the very best rewards!
College education opens many doors and offers many advantages and opportunities. On average, people with higher education achieve an income of almost double than those who only have a high school diploma. Therefore, throughout their life, a graduate of a university can have an income of around $2 million, while a graduate from high school only reach $1 million. In fact, the gap between the income of a person with a college degree and income of a person with a high school diploma has expanded in recent decades, and it is estimated that in the future the gap it will continue to expand.
...s comes with college being too expensive and is growing at a rate higher than inflation (Kantrowitz). There are many great jobs out there that don’t require a degree and pay good as well as on the job training. The truths many people aren’t willing to admit are getting a college degree will lead people to better careers too. People don’t need a college degree to be successful, but having an education is important, along with a desire to continue to learn, work hard, and adapt.
College is the key to a well suitable and successful life it opens the door for us to a wide opportunity of careers. It also helps people revolutionize the world with all the educated people inventing and discovering new advanced things. I believe that us Americans, if we want to go to public college it should be totally free for the ones who aren’t financially set to pay it off without going into debt and taking out school loans. The problem is that many of Americans are choosing not to go but instead go straight into the workforce due to the fact that college tuition is very expensive to afford for low-income families and even middle-class ones too. Knowing they have the skills to
It is a competitive job market and if one wants a high paying job he needs some college credentials. College is also said to prepare people to take on the world. Once one has graduated and has a well paying job he is on his way to becoming successful. People work their whole lives making money so they can satisfy their desires. The idea of being able to purchase the items one has always dreamt about is an achievement. People dream about owning a home and having beautiful things to fill it with. Many people take pride in what they possess. People want to own nice homes, nice cars, and nice clothes. Some need to look successful in order to feel successful. These people feel successful when they can admire what their hard work has given them.
The issue of gaining a college education is one that everyone should be emotional about. It can definitely change the way someone acts and thinks in day to day activities. Having a college education is something that one could fall back on in times of trouble. It can be a life-saver; it can be a money-maker, but most important it can be something that can withstand any hardships that life may throw at someone. While opponents of a college education being important may argue that student loan debt is crippling, they ultimately fail to consider that over a lifetime college graduates make twice as much as just high school graduates (College Education). By realizing that having a college education is worth it, society as a whole would become smarter and the standard way of living would drastically improve because of the making of more money.
Although that is true for some, it is not true for all. Some would say that money is not everything, as long as they are happy. While that is true and happiness should hold a great power over people’s lives, for most, college will bring people happiness. There is a great percentage that individuals that attend college will still benefit the same if not more than those that do not attend college. As earlier implied, college is not for everyone and Isabel Sawhill and Stephanie Owen display that well in their essay, “Should Everyone Go to College?.” Owen and Sawhill say that people are actually doing some individuals a disservice by telling them everyone needs to go to college (Page 209, Para 1). In “Should Everyone Go to College?” they say this because they think it is necessary that people think about their likely education path and career path before investing so much money and time into secondary education (Page 212, Para 1). This is true, people should not invest a lot of their self before they have thought about where they want this to lead them. Even though everyone does not have to go to college to benefit in academic, financial, and social ways, for most, it certainly will not do anything but make them grow as a person and become more