Education and Unemployment
Once upon a time, an education that led to gainful employment could be obtained on the streets, working with a mentor, or from training by a family member. However, in today’s society it is almost impossible to gain solid employment without some form of education accompanied by a degree or certification. The education does not have to always be a traditional four-year school. A trade or two year degree can be desirable and profitable as well. The unemployment rate and pay scales prove that education does effect job placement and pay.
It is important to note that the rate of unemployment goes from 3.8% for a person with a two or four year degree to 12.2% for a person with only a high school diploma. It pays to go to college and to graduate. If you are not interested in the academic world, consider a trade degree or a two-year degree. A hygienist, mechanic, or manicurist certificate can help you obtain a job, but just in a different approach. Training of some sort is almost mandatory. The numbers show that it is not wise to attempt to go directly into the work force from high school.
The average first year employment pay for a person directly out of high school is around $ 28,000.00, whereas a college graduate comes in with an annual income of around $ 48,000.00 for his or her first year of employment. $20,000.00 is huge difference in pay. While college may be cost prohibitive for some people, the numbers indicating that taking a student loan to go to college is the best route. The loan could be paid off with time. Once the loan is paid off, the education value still continues, and in normal situations the pay scale increases with time. It is important to the value of the pay scale that a degree or certificate is obtained.
The current rate of employment is high and the economic situation is unstable all over the world. People who have attended college and have degrees may be unemployed in these times. However, the numbers support that those without a degree are more likely to be unemployed or more likely to be under paid in these tough and difficult times. It is imperative that for salary and employment reasons, a person gets some sort of degree or certification after his or her high school years.