DO COLLEGE GRADUATE REALLY EARN MORE THAN HIGH SCHOOL GRADUATE?

Introduction

We all have heard the stories about the people who are dropped out of college and had started the million-dollar company. People like Bill Gates, Mark Zuckerberg, Michael Dell, and Steve jobs threw out of the higher education and got right started down to making money.

These stories of incredible people lead people to think that a college education is not necessary. People conclude that you all need grit and grind and old fashioned street smarts to be a success in life. That college is a waste of money.

Furthermore, many graduates did not get a job right away after graduating and had difficulty to find employment in their field of study. This thing leads people to believe that obtaining a degree is not important and doesn’t guarantee a higher paying job.

Are these people right about college and university education? To answers this question we have to look closely on this topic to understand the things. Every anecdotal story is often misleading and is inspiring than informative.

The rising cost of education

Before we start to answer the question of college, we need to understand that college education is costly. There’s no argument that the fees of the college tuition are increasing rapidly. Many studies say the average cost of tuition has more than doubled since 1986.

Additionally, the rising cost of college tuition fees encourages many people not to attend college. But that doesn’t mean that you should not attend college.

Temporary Job

According to the research, 45% of the graduates are working in a non-college job which means they are doing a job that doesn’t require a bachelor’s degree. On the context, it seems that college education isn’t necessary after all. If you are going to end up like a pump man then why to spend 4 years and many thousands of dollars at college?. But there is always a more story to meet the eye.

If you break 45% into different job types, half of the students are working in high paying jobs Get Assignment Help Online - Assignmentspot such as information processing and sales. Another 25% of people are working in a modest job like office and administrative support. Only 20% of pf newly graduates are working ina low-skilled and low-paying job. It seems that graduates are making more money than those who have no college degree. The bottom line is underemployed graduates don’t stay unemployed for a long period. They get a job with a higher paying company.

Conclusion

However, it is true that currently, it is challenging for many graduates but it is much harder for those who have no college degree. Nowadays, college students are facing challenges but it is even more difficult for those who never attended college. Not going to college is a bad decision. It ultimately sabotages you for the rest of your life. Without a college degree, you will always have a lower earning and you always have to struggle for your job. In today’s world, if education is costly than there are ways to get an education like doing a job to cut down many education expensive. And if you want to be a rogue entrepreneur than may be college degree isn’t for you. But the percentage of people who shouldn’t receive a degree is very low.

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