Friday, Nov 17 2017 | Updated at 03:50 PM EST

Stay Connected With Us F T R

Dec 26, 2016 08:17 AM EST

Having a college degree does have a significant impact in a person's success in life. This generation faces the strongest job market in decades, according to Janet Yellen, Federal Reserve Chair. Globalization and the need for technical skills in the job market has increased the correlation between success in workplaces to higher education, according to Inc.

Yellen spoke at a recent commencement exercise at the University of Baltimore and emphasized that college graduates have a higher probability of being accepted to a job, keeping the job, and obtain higher satisfaction in the workplace while earning a higher wage.

Data shows that college graduates earn a median of 70 percent higher compared to those who did not continue with a college education. The gap was only 20 percent back in 1980. 

Furthermore, Yellen discussed that there is an increase in the demand by companies with employees who are college graduates because of the influence of globalization and the need for higher technological skills. The trend for goods and services to be produced anywhere will continue to increase.

Opposing View

There are people who have conflicting views regarding the requirement that obtaining a college degree is a strong determinant for success in life. Such is the case of Erika Andersen, a mother of three.

She has three children, one is obtaining a Masters Degree in Teaching, one is a medical student, and another is a drop-out, yet opening his own cafe and bar in Brooklyn. She implies that obtaining a college degree is not the sole determinant of success and that not obtaining a college degree does not mean ultimate failure.

Conclusion

In a scientific article by PayScale, the question as to whether it is worthwhile to attend college has been answered. The data shows that people who earned a college degree makes more money than those who have not, in addition to lower disability rates, better working conditions, and increased civic engagement.

Follows College Degree, success, Big Factor, video, life
© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Here is NASA’s Take On Anonymous Hackers Alien Claims [VIDEO]

Jun 28, 2017 AM EDTNASA official says no alien has been found until today.

International Cyber Attack Strikes Again: Ransomware Hits Companies Worldwide [VIDEO]

Jun 28, 2017 AM EDTOver 2,000 computers in about a dozen countries were affected.

The Magic of Celebrity Involvement: How Projects and Concepts Get Public Nod When Icons Get Involved [VIDEO]

Jun 28, 2017 AM EDTDo celebrities really affect marketing?

Student Loans In Focus: How Much Do Students Really Borrow To Attend The Top 10 Schools [VIDEO]

Jun 26, 2017 AM EDTFor most students, going into the Top 10 schools is a dream come true. But is the expense in studying in these schools worth it?