The student debt in the United States alone is in the trillions. According to Forbes and the Federal Reserve Bank of New York, the student loan debt is between 902 billion and 1.2 trillion (How). Since the economy took a plunge in 2008, a big issue is that not enough graduates are able to find job opportunities that can help pay off their debt, and on top of that support themselves independently. “Americans who received bachelor’s degrees in 2008 were roughly twice as likely to be unemployed after a year than were their peers who graduated in 1993 and 2000…(Inside).” The supply and demand of employment is slim and fiercely competitive. Of those that had the opportunity to get a job, 27 percent of them reported that it was unrelated to the degree…
For college graduates there are many more job openings. Randy Tucker from the Journal News presents that, “Regardless of industry, the fastest growth is projected for occupations that require at least a master’s degree.” This means that as the job industry increases then the the new jobs popping up may require at least a master’s degree to be hired. In the College Power Bulletin it explains that, “ College graduates have half the unemployment rates of high school graduates and better job security.” This is saying that if a person is only a high school graduate and did not go to college they will have a higher risk of being unemployed but, a person who has graduated college will have a higher chance of being…
When graduating one may not be able to receive their “dream job”. Evidence: In “Is College worth it?” by Dr. William Burnett gives us statistics about graduate employment rate. Recent date from the Census Bureau and department of labor found that 54% of recent graduate are either unemployed or dramatically underemployed (1). ECU graduate Tianna Coleman graduated in January of 2012 with a public health degree. After graduating Ms. Coleman expected for doors to open for her to use her earned degree. Unfortunately Ms. Coleman was unemployed for almost a year eventually she got a job as a Home Healthcare assistant. “I thought that maybe a health degree would guarantee me a successful future, but I was wrong. My degree didn’t mean a lot with graduate school” Tianna stated (Coleman ). Students put in so much time in college working hard for their dream job and end up struggle as a high school graduate. 4 year college degree’s aren’t as valuable as they were in the past. In Dr. Bennett’s book it states that by the year 2018 there will be 14 million jobs available, well-paying jobs, which will require more than a high school diploma but less than a college diploma. Right now, a graduate of a community college, which is a two-year college, on average, makes more than a graduate of a four-year college. My uncle Keith Kerwin is now a radiologist in New Bern…
Weissmann, Jordan. “53% of Recent College Grads Are Jobless or Underemployed-How?” The Atlantic. The Atlantic, 23 Apr. 2012. Web. 21 Feb. 2013.…
Currently, over 12 million people in the United States are unemployed, where only eight percent of them are college graduates. Evidently, people that graduate from college are much more likely to become employed. In 2010, the U.S. handed out a total…
Having a hard time finding a job because you are “over qualified”? Well, not to worry, you are not the only one. According to Statistics Canada, one in every five people in the work force who have a university education are “overqualified”. Overqualified is defined as,” more experienced and educated than you need to be to do a particular job”(macmillan). In other words, all those hard years, and those thousands of dollars spent on higher education, won’t always pay off. In Adrian Wooldridge’s article”Dr. Dole Queue”, he claims that degrees have lost their value. Not only are students being ripped off financially, but, according to Wooldridge, they are also being stripped of their “best years”. For example, In 2008, according to the Bureau of Labour Statistics, over 10,500 Americans with PhDs or professional degrees were employed as “cashiers”, over 27,400 as shop assistants and over 4,700 as hairdressers, hairstylists or cosmetologists. In other words, Students spend many years and thousands of dollars trying to achieve their degrees, BA’s and PHD’s, and in the end, there may not even be a worthy pay off. With, more and more students receiving these degrees they are not befitting themselves, rather they are just simply neutralizing each other’s qualifications. Wooldridge argues that spending time in the workforce, rather then enrolled in higher education, it will benefit a person alot more due to the fact that the on hands experience is what will help you to succeed. In my essay I will demonstrate how Wooldridge argues that the problem with students spending more time enrolling in higher education is that they diminishes the value of their qualifications, which in turn causes it to become more and more specialized. It is clear that higher education is no longer as respectable as it has been in the past.…
Cited: Cohn, Emily. "In Weak Job Market, One In Two College Graduates Are Jobless Or Underemployed." The Huffington Post. TheHuffingtonPost.com, 22 Apr. 2012. Web. 27 July 2012. .…
And many of those who took out loans will drop out of college stated in the article by The Economist: “It does not help that nearly a third of those who take out such loans eventually drop out of college; they must still repay their debts” (Is College Worth It). This statistic means that students will have a huge burden of debts when they drop out of college. Without their degrees, they will have a hard time paying back their loans. Students would be better off if they had applied for a job after high school. Also, a survey states that: “… only half of graduates feel prepared for a job in their field, and only 39% of managers feel that students are ready for the workforce” (Is College Worth It). This shows that even though they have a degree for their field many of them are not ready for the real world. They need more on hand experiences and even possibly part time jobs to get them to be used to the working experiences. According to an article, “Well-Prepared in Their Own Eyes” by Scott Jaschik, employers prefers well rounded employees even if they have a degree in their field. Employers felt more confident in their skills if they had real world work experiences and not just lectures from colleges. Because managers think recent graduates lack the skills they need, it means they will have a hard time…
Today’s society has put a confusing spin on the need for higher education. Are we, as students, looking to simply walk out of the doors of a university and into a guaranteed job opportunity, or are we forgetting what the value of an education means? It seems to me that the lines between the definition of getting a degree and getting an education are very blurry. Another factor affecting our views on education is that society has changed; the downturn of today’s economy has affected many people’s choices, especially when it comes to choosing what path they choose for their future. Employers today are changing what they value: job experience or an education. Both of these choices will contribute differently to society. Also, the high cost of going to college will have you asking yourself, is the amount of money worth it, or a better question, am I worth it? We need to ask ourselves, what are you working for? Are you working for a degree to gain employment, or are you working for an education that gives you the many tools to becoming a vital citizen? All of these factors: the loose definition of what education means, our ever-changing society, and the rising cost of tuition, has forced students to re-think their futures as possible graduates. I would argue, to better our struggling economy, we need to be working to better ourselves in the larger sense of our education.…
Although they are less likely to be recruited, employment after college is not as affected. “The national unemployment rate for college graduates under 25 in 2010 was 8 percent, up from 6.8 percent in April 2009 and 3.7 percent in April 2007” (The Mount Holyoke News). Despite the great recession, according to the article, our recent graduate have done well. “Our students have the critical thinking skills, the communication skills, the ability to understand. The ability to communicate across cultures-the things employers really look for” (The Mount Holyoke News).…
However, Chris Lewis and Layla Zaidane state, “Fifty-three percent of recent grads are unemployed or not using their degree” (Lewis and Zaidane 587). A decade from now, there will be more Americans with degrees than actual jobs available in the workforce. Graduates may not be able to secure a job that would allow them to fulfill their student loan obligations. College can be a good investment if you are able to pay off your debt in a reasonable amount of time, but for low income students it is a dangerous investment.…
As of today, many college and university students do not know what to do after graduation. Some do not even have a plan for their current life. As new generations are joining the workforce the economy is constantly changing. Employees must have skills in almost every area to progress in their rankings. Career fields have updated and are waiting on its future employees. This idea frightens most students entering the workforce. After graduation, students are in charge and have little to no help, but to advance they must learn to take risks. As students take challenging courses they develop ideas of what they might like to do. Many students work while studying, and only some will find a corresponding job to future career possibilities. College…
“It’s a tough job market for college graduates, but far worse for those without a college education,” says Anthony P. Carnevale co-author of the study conducted at Georgetown University’s Center of Education and the Work Force. During the Great Recession in 2007, Millions of jobs vanished from the job market, but students with bachelors degrees who had jobs did not decline (International Business, Times). At the same time, the 55 percent of high school graduates who did have jobs even before the recession, fell to 47 percent after it (Perez-Pena Richard). As if people without a college education didn’t have it hard enough already. Now the amount of jobs that require a college education is on the rise, while people without a college education are being left in the…
When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that follows is able to supply. Very few people are able to pay for college out of pocket. The result of this is that students seeking higher education are forced to take out massive student loans. This means that they are entering the work force after college already thousands of dollars in debt and under water.…
If I only knew then what I Know now, words of wisdom that often young adults do not appreciate until later in life. As young adults approach graduating from high school, they are faced with having to decide on whether to pursue obtaining a higher education by attending a community college, university, technical school or to forego the education altogether and enter the workforce. Often the decision process may not include considering what the impact may be 15 to 20 years down the road. As the global economy continues to be dynamic, employees are finding employers are demanding more than hard work and good work ethics to be considered for employment let alone career growth. Whether or not one has knowledge or experience in a particular field, employers are demanding academic training, resulting in adults returning back to the classroom, and institutions adapting to how people can obtain an education.…