Laurence Shatkin Education Pays But Perhaps Less Than You Think

Decent Essays
In the article “Education pays, but perhaps less than you thought” by Laurence Shatkin main claim is to show society that it is essential to earning a college degree to be financially well off. The higher the degree you obtain the more money you begin to make. . I agree with the author about “The supply-pull hypothesis” college graduates going to high rent cities because of the attraction it brings other as well as their occupation. The author shows corroboration by providing charts which show the different degrees earned and the salary for each specific degree. Also, the author states statistics to support throughout the article for example, “in 2000 the college graduates were earning about 60% more…” this quote supports the author claims

Related Documents

  • Decent Essays

    “Is college worth cost?” is a new article by Hope Yen about how it is worth it to go to college. First, he brings up the biggest argument that this debate has and that is that college graduates make more money than non-graduates. Next he then brings up the great counterargument that yes college graduates are in more debt than high school graduates but college graduates are significantly happier with their job. Their salaries are most of the time guaranteed to increase which helps motivate workers to continue to work hard. Lastly, a college degree helps fight inflation.…

    • 109 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Essayist David Leonhardt uses statistics to show us that a college degree couldn't be more valuable. The wage gap between college graduates and everyone else seems to keep rising.…

    • 977 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In “Stop Scaring Students” the main argument made by Devorah Lieberman is that; by scaring students into not investing in college, we are doing our nation and the students a great disservice. Throughout the article the idea that college is an investment that pays off is constantly discussed. The idea is backed up with the author’s statement “... adults with a college education were twice as likely to be employed as those who had earned only a high school diploma. The logical claim is that education is an investment that pays off” (Lieberman 1). This means that even in times of recession having a college degree is the best insurance against unemployment.…

    • 383 Words
    • 2 Pages
    Improved Essays
  • Great Essays

    In our current economic situation almost everyone has to worry about money, whether that is for: groceries, the mortgage, rent, or in our scenario, schooling. With the cost of getting a higher education being so high today will it pay out in the long run? You don’t want to waste four years going to a school that will set you back farther than you want. Possibly even get a degree that will not help you secure yourself a stable financial future. In an article titled, The Rising Cost of Not Going to College by the Pew research center, one of the statistics it shows talks about how most college graduates, who are working full time, earn about $17,500 more per year than other participants who only have a high school diploma.…

    • 2068 Words
    • 9 Pages
    Great Essays
  • Improved Essays

    Years ago college in our world was not as popular as it is now. More and more young people are going to college after high school and will be the first in their family to do so. In her article “A Case Against College” Linda Lee brings up that college is not necessary. She points out all the negative aspects of college and none of the positive. She fails to grasp the reality that college is important and that its importance should not be downplayed.…

    • 820 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In the article, "Actually, College is Very Much Worth It" by Andrew J. Rotherham, in paragraph five it stated that the average weekly earnings for individuals with some college but no degree is $712, college graduates earn $1038, the difference is almost $17,000 over the course of the year. There are individuals out there without a college education and are more successful than those who have a college degree. In the article, "Actually, College is Very Much Worth It" by Andrew J. Rotherham in paragraph four it stated, Mark Zuckerberg Facebook founder, Bill Gates creator of Microsoft, Steve Jobs creator of apples are all college dropouts. They are evidence that all that's time sitting in class could be put to a better use. Life can be very successful without a degree, it is up to the individual to decide if they're going to let their education status stop them from creating new discoveries that could benefit them and the…

    • 540 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Lewis and Zaidane state, “The cost of public universities has more than doubled since 1988”, which supports the fact that almost half of adults between the ages 18 and 34 without degrees cannot afford to go to college. College is more expensive than most people are willing to pay and this mainly effects the lower class citizens. Parents who are considered to be within the lower class simply cannot afford to send their kids to college, and this results in a low paying job for that child who then passes it on to his or her family and the cycle continues. Lewis and Zaidane are trying to point out in their argument that the cost of college has increased so much that it is discouraging many people from going to college, thus effecting our economy negatively. Another point Lewis and Zaidane make is that there are way more degrees than there are jobs.…

    • 1006 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    In Owen an Sawhill’s article Should everyone go to college I think it gives people a better understanding on the earnings you could get if you chose to go to college compared to not going to college. For example they show what people the age of 23 thru 25 years old with a bachelors degree make $12,000 more than someone with just a high school degree. It doesn't end there for someone who is 50 and has a $46,500 gap between someone who doesn't have a bachelors or even a college degree. By seeing it motivates someone to get up an get a college education. But I feel that everyone goes to college to find a degree that well easy and also to earn as much money as possible.…

    • 320 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Student Loan Crisis A Myth

    • 1036 Words
    • 5 Pages

    In the article, “Here’s your crisis: Student Loan Debt Isn’t a Myth” by graduate of American University, Chris Lewis and graduate of Georgetown University’s School of Foreign Service, Layla Zaidane states that “53 percent of recent graduates are unemployed or not using their degree.” (587) This informs that not all graduates walk out the doors of college and is handed a lifetime career. It makes sense that the higher your degree the more earnings you get, but as the years go by the cost of tuition will increase and their earnings will most likely stay the same. For instance, in the article Lewis and Zaidane says “Don’t expect the problem to go away once the economy picks up, ….…

    • 1036 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Where as a college degree is not crucial, college education helps people obtain advanced career fields In other words, college graduates tend to have monetary leverage over non graduates. In fact, “adults who graduated from a four year college believe that, on average, they are earning $20,000 more a year as a result of having gotten that degree”. (Pew Social & Demographic Trends) It is a commonly held fact that on average, salaries differ based on the type of degree and fields of study. College ultimately provides a broader experience and increases ones chances of lucrative employment.…

    • 506 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    “Study after study reminds us that higher education is one of the best investments we can make...”(Owen, S., & Sawhill). In the essay, “Should Everyone go to College”, written by Stephanie Owen and Isabel Sawhill, the two authors work together to form a strong argument on idea that everyone should go to college. Money, personal success, and personal well- being are the main subjects that the authors present to the readers. This paper will evaluate some of the different components of writing that the authors used to get their ideas across to the audience. In the text, the authors use a few different methods and devices to help convey their point to the reader in a more clear manner.…

    • 1372 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    The first issue that Matthews presents is the fact that over the past four decades, the ordinary high school graduate along with the lowest twenty-five percent generally have similar salaries when working the same jobs. This fact could disappoint a teenager looking forward to pursuing a college degree in order to earn a higher salary and make them question their choices. However, the value of a college degree has increased for everyone, including the bottom twenty five percent of earners, as a result of the liquidation of “high-paying blue collar jobs.” (Matthews). This increase in value still does not take away the fact that someone with a degree does not make more money than someone without one.…

    • 998 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    College: To Go or Not to Go? Stephanie Owen and Isabel Sawhill unveiled the constructive and adverse features of obtaining a college degree in the article, “Should Everyone Go to College?” “A bachelor’s degree is not a smart investment for every student in every circumstance” (Owen and Sawhill 222). The author’s stress to their audience that college is not for everyone and…

    • 1115 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    We view “college as a job” that gives substantial earnings returns to a college degree, irrespective of occupation, whether an individual is an insurance agent or a rocket scientist. This is not true because there are people with high degrees, like a PhD or a computer programmer, who have lost their jobs to layoffs. So having a college degree does not guarantee “substantial returns,” as Richard Vedder summarizes in his article, “For Many, College Isn’t Worth It." Vedder thinks the Bureau of Labor Statistics (BLS) are fairly accurate and that college is not worth it for everyone because we are all created differently. An impartial understanding of the information is that school is justified, despite all the trouble, for some huge number of youngsters, but is a significantly more financially dangerous…

    • 1046 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    In the article, “College is a waste of time” by Dale Stephens, Dale gives his persuasive opinions on why college is a waste of time by giving out evidences of how college isn’t fully beneficial and describing people who are successful today without a college degree. Dale describes college as “rewarding conformity, regurgitation, and theory”, instead of, “rewarding independence, learning, and application”. Providing that college is also hungry for people’s wallet, The College Board Policy Center showed that tuitions have increased 3.6 times since 30 years ago. Not everyone needs college to be successful such as Mark Zukerberg who made it big without a diploma. Summing up the article, Dale states that in the end it’s people’s choice to look for…

    • 1046 Words
    • 4 Pages
    Superior Essays