Does Higher Education Guarantees Higher Income?
Does Higher Education Guarantees Higher Income?
The essay on the subject mainly focuses on the US perspective regarding higher education in relation to income thereof. The higher education in relation to higher income is a serious debate in the United States at the academia level since couple of years. Considering the rising un-employment rate and high cost on the graduate and PhD programs many people have serious observations whether or not to opt for the higher education. Many people even after having Masters and PhD degrees do not find good jobs and are forced to work for less attractive jobs. In such scenario there arises a serious question whether higher education guarantees higher income? In the following paragraphs the question has been analyzed by various directions. Before analyzing the specific question, it is important to describe the higher education. In the United States the higher education is referred to as study carried out at the University level for graduate, masters and doctoral programs. The apparent objective of higher education seems more knowledge. It is an established fact that technology has become the driving force in the world and it is being advanced every new day. The innovation in the technology and putting new ideas is difficult unless you have an in depth knowledge of the subject. The higher education is research oriented and can equip the individual with new ideas. So people having mastery in their subject are the team members of the driving force. These are the people who have got the ability to shape the destiny of the people on the globe. In addition to that, the world has become so compact that international companies are operating across the globe. The focus of the major powers has shifted from the concept and theories of cold war to economic progression and competition. The multinational companies, international organizations, corporations and other institutions all require people fully equipped with the relevant
The essay on the subject mainly focuses on the US perspective regarding higher education in relation to income thereof. The higher education in relation to higher income is a serious debate in the United States at the academia level since couple of years. Considering the rising un-employment rate and high cost on the graduate and PhD programs many people have serious observations whether or not to opt for the higher education. Many people even after having Masters and PhD degrees do not find good jobs and are forced to work for less attractive jobs. In such scenario there arises a serious question whether higher education guarantees higher income? In the following paragraphs the question has been analyzed by various directions. Before analyzing the specific question, it is important to describe the higher education. In the United States the higher education is referred to as study carried out at the University level for graduate, masters and doctoral programs. The apparent objective of higher education seems more knowledge. It is an established fact that technology has become the driving force in the world and it is being advanced every new day. The innovation in the technology and putting new ideas is difficult unless you have an in depth knowledge of the subject. The higher education is research oriented and can equip the individual with new ideas. So people having mastery in their subject are the team members of the driving force. These are the people who have got the ability to shape the destiny of the people on the globe. In addition to that, the world has become so compact that international companies are operating across the globe. The focus of the major powers has shifted from the concept and theories of cold war to economic progression and competition. The multinational companies, international organizations, corporations and other institutions all require people fully equipped with the relevant
References: Baum, Sandy & Payea, Kathleen (2005) “The benefits of higher education for individuals and society” Retrieved from http://www.collegeboard.com/prod_downloads/press/cost04/EducationPays2004.pdf Stewart, W., Debra, (2010) Change Magazine “America’s Future Prosperity” Retrieved from http://apps.spisu.iastate.edu/litFiles/30/2/Important,%20If%20True.pdf