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I need help creating a thesis and an outline on Benefits Outweighs the Costs in College. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required.
I need help creating a thesis and an outline on Benefits Outweighs the Costs in College. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. No doubt, the Great Recession left the destroyed the labor market and most graduates today are unable to get a job. Others who are a little lucky land on jobs that rate below their level of education. Some students even feel that it is better to look for a job with a high school degree because going to college is not worthwhile when one looks at the cost and ease of finding a job after college. A study by Pew Research Center revealed that 57% of Americans have the impression that college education fails to give students value for their investment on a college education (Caumont 1). Nevertheless, it is evident that going to college benefits a person in terms of both earnings, and non-money related benefits such as skills and ability to interact with different people.
Despite the high college costs and low salaries for college graduates, the average return on a college investment is 15% for those with degrees, but a lower amount for those without. As the study by New York Federal Reserve explains, the average investment is beneficial for college graduates because the wages for individuals without college degrees have decreased steadily (Abel and Deitz 2). In turn, this enhances the college premium but worsens the chances of people without college degrees. Additionally, the authors of the report note, “Despite the recent struggles of college graduates, investing in a college degree may be more important than ever before because those who fail to do so are falling further and further behind,” (Abel and Deitz 2). Falling behind, in this case, means wage disparity and joblessness by the level of education. For instance, in May, the unemployment rate for people just reached high school level was 6.5% while that of college graduates was 3.2%. At the same time, the national rate of unemployment was 6.3%, which is very close to the unemployment rate among people without college degrees. As these statistics show, college graduates are in a better position when it comes to joblessness, which reveals that at the end of the day, they get value for their college investments.
