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The Daily OrangeStudy affirms college degree leads to higher future income
By A.J. Donatoni
Posted: 11/2/06, 10:55 PM EST Section: News
Among female adults, the median income of college graduates is 70 percent higher in 2005 than high school graduates, Baum said. As for men, the median income is 63 percent greater. Since 1975, the female gap has always been greater.
With such a widening gap between high school and college graduates in terms of yearly income, there is a general consensus that something must be done in the near future to prevent the growing problem.
"The more global nature of our economy and the competition we're facing from other countries for lower-wage labor makes it more and more important for people to have some form of post-high school education," said John Palmer, professor of economics. "That means we have to make more effort to figure out how to provide the kind of relevant job training and education for people who aren't going on going on to earn college degrees."
The perpetuation of inequality is a very big problem in society, Baum said.
"It's about money, but even among those with similar incomes, children's education levels are correlated with those of their parents," she said. "Reducing financial barriers for low- and moderate-income students and improving elementary and secondary schools are parts of (a possible) solution."
In today's job market, it is not only becoming important for a bachelor's degree, but for a master's degree, said Matt Cohen, a freshman broadcast journalism major.
"People who run businesses are looking for a good, sound education in their employees," he said. "I think that in today's world, a college degree is becoming ever more important. It prepares you for the rest of your life and those without it start their careers at an extreme disadvantage to those who have one."
With such a widening gap between high school and college graduates in terms of yearly income, there is a general consensus that something must be done in the near future to prevent the growing problem.
"The more global nature of our economy and the competition we're facing from other countries for lower-wage labor makes it more and more important for people to have some form of post-high school education," said John Palmer, professor of economics. "That means we have to make more effort to figure out how to provide the kind of relevant job training and education for people who aren't going on going on to earn college degrees."
The perpetuation of inequality is a very big problem in society, Baum said.
"It's about money, but even among those with similar incomes, children's education levels are correlated with those of their parents," she said. "Reducing financial barriers for low- and moderate-income students and improving elementary and secondary schools are parts of (a possible) solution."
In today's job market, it is not only becoming important for a bachelor's degree, but for a master's degree, said Matt Cohen, a freshman broadcast journalism major.
"People who run businesses are looking for a good, sound education in their employees," he said. "I think that in today's world, a college degree is becoming ever more important. It prepares you for the rest of your life and those without it start their careers at an extreme disadvantage to those who have one."
Viewing Comments 1 - 2 of 2
fake diplomas
posted 10/16/08 @ 7:19 AM EST
I agree with that everyone needs a college diploma if they dream of having a successful career. The problem is that there will be many people using fake diplomas to get these types of jobs, fake diplomas that are hard to spot. (Continued…)
max
posted 2/26/09 @ 11:55 AM EST
Great post.People do not realize that education is the best investment...:)
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