Introduction: In the essay America’s Most Overrated Product: The Bachelor’s Degree by Marty Nemko argues that attending college does not benefit most students. Many of us grow up believing that going to college is the best option to get good jobs, even if we did not do so well in college. In this essay, we explore statistics presented by Nemko to get a better idea if college is worth the time and money spent on the benefits of having a diploma.
A college education can broaden one’s career horizons and help them achieve stable employment. Through education one can expand their intellectual capacity along with financial scope. “ The median person with a bachelor 's degree earns about $48,000 per year, compared with $27,000 for a high school graduate, according to the U.S. Census Bureau” (Haltom 14). A college education should allow one to thrive both internally and externally, whilst progressing society along with them into the ever-changing world. These statistics represent the aspired
While college may be initially uneconomical, evidence from a 1959 census shows a “three-fourths of earning difference” between those who graduated from college and those who merely received a high school diploma (Weisbrod et al 495). Weisbrod and Karpoff acknowledge the high cost of college in America, but assert the benefits of a college degree will more than reimburse a person in the long run, therefore the initial cost of attending a college is worthwhile. (Weisbrod et. al). Furthermore, this indicates only “one-fourth of the earnings differences are attributed...to non-schooling factors”, which proves the significant role college plays in determining the future earnings of an individual (Weisbrod et. al 497). College appears to be the most influential factor in regards to a person's earnings, therefore according to Weisbrod and Karpoff, college is necessary for a person who wishes to obtain a higher expected income. Even students who attend mediocre to below-average colleges will receive “a lifetime income that is [around] 10 percent lower ...than that which someone at one of the best schools can expect” (Weisbrod et. al 497). Weisbrod and Karpoff contend even low-tier colleges result in higher earnings, therefore a student should strive to attend any college regardless of the
It makes their family’s life become tough. They raise a question that why not letting these students go to work instead of this worthless education. As what is mentioned in the article “College degree still worth the investment, data suggest”, the author Mary Beth Marklein shows many evidences to support her main idea that the college education is still worth to invest because it can give college graduates higher wages. She showed the audiences a data, which pointed out that college graduates earned generally 56% higher that people who only have a high school diploma in the past four years. The author also said, “From 1982 to 2001, bachelor 's degree holders earned an average 80% more and associate 's degree-holders almost 30% more than workers with no more than a high school diploma”. The similar contents are also presented in the article “Median Salary Up Two Percent for Higher Education Professionals”. The author insists that the higher degree you get, the higher salary you will earn. In other word, it’s the truth that the college students might have heavy loans when they decided to go to college, but they
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
Essentially, Americans would have equal opportunity to prosper through education and hard work. However, in a study published by the National Center for Education Statistics, Americans were shown to have less equal opportunity than any other country elsewhere in the West (Krugman 567). Ultimately, the results of the study revealed that, “it would be closer to the truth, though not the whole truth, to say that in modern America, class—inherited class—usually trumps talent” (Krugman 566). Consequently, the effects of low upward social mobility, or the ability for individuals to move upward in social status, can be detrimental. Specifically, American children born to low-income families are more likely to have health problems that derail their life chances due to lack of insurance (Krugman
As societies become more complex a complex change came about. The social system elevated entire categories of people above others, providing one segment of the population with a disproportionate share of money, power and schooling. To a considerable degree, the class system in the United States rewards individual talent and effort. But, our class system also retains elements of a caste system; Ascribed status greatly influences what we become later in life.
In American in order to move up in your social class you have to a degree. For an example today a person with a high school diploma are only qualified for a certain type of job like Mc. Donald’s, which you are only going to get ...
College has long been a bastion of hope for those not fortunate enough to inherit a business or fortune from their predecessors, on the other side of the coin; it has also been the site of major controversy and debate, especially surrounding the ever-growing cost of attendance and the rewards that a degree realistically gives onto its holder. The debate is not a new one, but with the recent economic downturn, and the vast sums of new college graduates entering the world without the chance of finding a job, more fuel was added to the fire, and the debate began anew. In order to present new arguments on both sides, articles have been written and published in major newspapers like The Economist and The New York Times, with some varying data and conclusions. David Leonhardt, author of the article published in the NYT by the name of, “Is College Worth?
Educational inequality is one factor that continues the class divide across generations. Because members of high social classes tend to be better educated, because of their various resources, they have higher incomes and are more likely able to provide educational advantages, for not only themselves, but to their children as well. Education is a major component in today’s society of social class. Researching this topic, I already knew the answer but was still very interested in learning more about it. My hometown is not the best and looking back to my graduating class, only three quarter of my class went to college. It is still a good number but I know some people who did not continue their education and these people have so much potential but they really need to want to receive a higher education.
"College graduates earn more than one million dollars more than high school graduates over their lifetimes." Every teenager has been bombarded with this much-cited statistic in the hope that it will convince him or her to intend a university after high school. But, is it actually the university education that leads to the inequity in salaries between college and high school graduates? Superficial reasoning would suggest yes. It is obvious that the additional education increases the college graduate's human capital and maybe this does lead to greater productivity and higher wages. However, this only seems probable if you ignore what universities actually teach. The majority of what is taught at universities will be of no use to their graduates in their future careers. If the purpose of a college education was to increase relevant work-related skills they would look more like vocational schools where students would specialize in particular skills relevant for their future careers, rather than studying small amounts of every subject. Instead, to a large extent, the purpose of college is to act as a costly signaling mechanism to assist employers in screening employees. A college education is more about showing off than acquiring useful job skills. However, this showing off comes at an enormous price. We waste billions of dollars per year on this showing off, not to mention the four years of someone's life. These tremendous social costs require us to rethink hiring practices and how universities serve their students.
Do college graduates typically make more money due to an expensive degree, or because they have been both naturally motivated and talented all of their lives? Linda Lee, a New York Times editor, wrote “The Case Against College,” which does acknowledge that professions like a lawyer and a doctor should be required to graduate with a degree, for the betterment of our society. However, she also strongly believes that a successful career does not necessarily require a college degree. Yet, the expectations of today’s society are for every student to attend college. This creates a lot of competition within the job market. It does seem to be logical for employers to hire candidates with the highest education, but this looks to be a never ending cycle of misapprehension. With the number of jobs decreasing by the day, eventually college graduates will be forced to become janitors or postal workers and consequently a graduate degree will become the social standard for these jobs. These premises are valid in every sense of the word and can be applied to each college across the nation.
Over the past 30 years income inequality has been increasing. The “Occupy Wall Street” movement and its anguish toward the “1%” offers a perfect example to the ever widening income gap and intensity around the topic. One substantial reason for the discrepancy between incomes can be explained through an individual’s return on their education. “In dollar terms, 1973 college graduates earned 45 percent more than high school graduates; by 1994 they earned 65 percent more, based on real average hourly wages for college and high school graduates (Baumol and Binder, 1997). As this income disparity continues to grow, an emphasis on helping American youth attend postsecondary school (PSS) or some form of college becomes increasing salient. Almost 15 years ago President Bill Clinton, in his 1997 State of the Union address urged Americans to enhance their efforts in helping individuals obtain college degrees. He said, “We must make the thirteenth and fourteenth years of education—at least two years of college—just as universal in America by the 21st century as a high school education is today, and we must open the doors of college to all Americans (Mathtech Inc., 1998).” Now, 13 years into the 21st century we continue to search for answers on how to “open the doors of college to all Americans.”
College is the place where people go to retain the necessary training for a job that requires specific skills, which results in earning a higher pay check. In today’s world, employers are scouting out for individuals with the proper dexterities to fill the shoes for that specific job. Blanche D. Blank, the author of “A Question of Degree," argues that possessing a degree of higher education isn’t the only way to have a very successful life. This statement is highly argumentative, due to the fact that college graduates still out-earn people without degrees. Obtaining a college degree is one of the best things someone can do for themselves, when it comes to looking for a stable job. There is also so much more to college than just receiving a
The ability to gain a degree in any field of study is highly important in American society, possessing skills and knowledge over your job emphasizes the significance of higher education. Especially, for job promotions that would cause someone to make more than their fellow colleagues. In our increasingly competitive economic society, having the minimal of a high school diploma is not enough to provide financial stability nor will it help to compete in a workforce in which the best-educated are the ones that are rewarded the most. Therefore, higher education is a crucial necessity in order to move up the socioeconomic ladder and qualify for higher paying jobs. The rising costs of college, however, is making it harder for Americans to obtain