According to the U.S. Department of Labor, the average U.S. full time worker earns $676 a week. You will probably not be shocked to learn that the Department of Labor found a direct correlation between workers' educational level and their earning power. Workers who had failed to complete high school earned about $396 a week, nearly $300 less than the overall average. High school graduates who did not attend college earned $562 a week on average, and workers with at least a college undergraduate degree earned about $1,000 a week, $325 above the overall average.
Workers with graduate degrees earned $1,149 per week, about $220 more than those with bachelors degrees only.
Other research has determined that the differences in income by educational level are even greater, with college graduates now earning in excess of a million dollars more than high school graduates during their working lifetimes. And, all indications are that the earning differentials will increase significantly in the future.
The Washington Research Council predicts that, "higher education will become increasingly important for landing high paying jobs", and that good jobs will require higher and higher levels of education in the future.
It also seems evident that workers with higher levels of education will be less likely to find themselves unemployed and have far less to fear from job outsourcing and the increased competition from rising global markets. But, higher earnings and improved job security are not the only advantages of a college education.
Would you be surprised to learn that college graduates are the group of workers most satisfied with their jobs? If you think about it, you'll realize they are more likely than others to qualify for advancement, change employers, or move from one career to another. In other words, they are more likely than others to choose their jobs and careers, and make changes if they are unhappy with either. So, it's no surprised they are happier than other workers whose choices may be limited.
There seems to be no doubt that undergraduate and graduate degrees lead to significantly greater earnings, a wider range of employment opportunities, more frequent career advancement, and significantly increased job satisfaction. Because the value of higher education is increasingly valued by employees and employers alike, and because scholarships and financial aid are now more readily available than ever before to students in online education programs, the number of working adults enrolled in part time degree programs is at an all time high.
The world is changing faster than it ever has in human history. Workers and employers must be able to learn new skills, adapt to new technologies, and meet the challenges of the global economy. To survive, and to prosper, a good education is more important than ever.
Workers with graduate degrees earned $1,149 per week, about $220 more than those with bachelors degrees only.
Other research has determined that the differences in income by educational level are even greater, with college graduates now earning in excess of a million dollars more than high school graduates during their working lifetimes. And, all indications are that the earning differentials will increase significantly in the future.
The Washington Research Council predicts that, "higher education will become increasingly important for landing high paying jobs", and that good jobs will require higher and higher levels of education in the future.
It also seems evident that workers with higher levels of education will be less likely to find themselves unemployed and have far less to fear from job outsourcing and the increased competition from rising global markets. But, higher earnings and improved job security are not the only advantages of a college education.
Would you be surprised to learn that college graduates are the group of workers most satisfied with their jobs? If you think about it, you'll realize they are more likely than others to qualify for advancement, change employers, or move from one career to another. In other words, they are more likely than others to choose their jobs and careers, and make changes if they are unhappy with either. So, it's no surprised they are happier than other workers whose choices may be limited.
There seems to be no doubt that undergraduate and graduate degrees lead to significantly greater earnings, a wider range of employment opportunities, more frequent career advancement, and significantly increased job satisfaction. Because the value of higher education is increasingly valued by employees and employers alike, and because scholarships and financial aid are now more readily available than ever before to students in online education programs, the number of working adults enrolled in part time degree programs is at an all time high.
The world is changing faster than it ever has in human history. Workers and employers must be able to learn new skills, adapt to new technologies, and meet the challenges of the global economy. To survive, and to prosper, a good education is more important than ever.
About the Author:
Daniel Kane is a university dean. Among his websites are one on the top ten online colleges, and another on online degree programs.
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