Is College Worth It?
Did you know that, “the median yearly income gap between high school and college graduates is around $17,500,” according to an article written by Peter Osbourne, of Cornerstone University? This would mean that over a life time that the average person would be missing out, yearly, on an income gap that is roughly the amount it costs to buy a new car every year. According to this statistic, if the “$17,500” (Osbourne) was taken and then multiplied by what would be an assumable life span of say, 70 years old, then this would add up to an astonishing $1,225,000 to the overall lifetime income gap. This shocking amount of money only adds emphasis to how crucial a college education is in the world. The education that is received …show more content…
The introduction to this essay had gone over the idea of an “income gap,” but what exactly is this? The “income gap” describes, in the context of this paper, a non-tangible boundary that separates an individual based on monetary (financial) status. As previously referenced, “the median yearly income gap between high school and college graduates is around $17,500” (Corner Stone University). Meaning that a person who does complete college will literally make significantly more than someone who had not. The reason why this is significant is because by just having a degree from completion of a college program will give you an advantage. Looking more specifically at how this degree applies to jobs, that in return play a role in income earned the BLS states that, “Occupations that typically require some type of postsecondary education for entry made up nearly 37 percent of employment in May 2016.”(BLS) In further elaboration on this fact, this would mean that a almost half of all jobs as of 2016 require employees to have some form of college degree to even be hired. So, this would imply that a person would be at a disadvantage by not having a college degree by outing themselves of at least, “37%” (BLS) of all possible jobs that they could have. And this would also be a factor that does contribute to the income gap because according to the BLS people with degrees have access to significantly more jobs that those without
Did you know that, “the median yearly income gap between high school and college graduates is around $17,500,” according to an article written by Peter Osbourne, of Cornerstone University? This would mean that over a life time that the average person would be missing out, yearly, on an income gap that is roughly the amount it costs to buy a new car every year. According to this statistic, if the “$17,500” (Osbourne) was taken and then multiplied by what would be an assumable life span of say, 70 years old, then this would add up to an astonishing $1,225,000 to the overall lifetime income gap. This shocking amount of money only adds emphasis to how crucial a college education is in the world. The education that is received …show more content…
The introduction to this essay had gone over the idea of an “income gap,” but what exactly is this? The “income gap” describes, in the context of this paper, a non-tangible boundary that separates an individual based on monetary (financial) status. As previously referenced, “the median yearly income gap between high school and college graduates is around $17,500” (Corner Stone University). Meaning that a person who does complete college will literally make significantly more than someone who had not. The reason why this is significant is because by just having a degree from completion of a college program will give you an advantage. Looking more specifically at how this degree applies to jobs, that in return play a role in income earned the BLS states that, “Occupations that typically require some type of postsecondary education for entry made up nearly 37 percent of employment in May 2016.”(BLS) In further elaboration on this fact, this would mean that a almost half of all jobs as of 2016 require employees to have some form of college degree to even be hired. So, this would imply that a person would be at a disadvantage by not having a college degree by outing themselves of at least, “37%” (BLS) of all possible jobs that they could have. And this would also be a factor that does contribute to the income gap because according to the BLS people with degrees have access to significantly more jobs that those without