Running head: ARGUMENT PAPER
In recent years the economy has taken a turn for the worse, and every industry in the United States has felt the effects of unemployment. In 2005 I watched a friend pursue her bachelor's degree and as a result was promoted we worked for the same company that also had tuition reimbursement. In 2006 I made a decision nearing fifty years old without a degree that going back to school was the right thing to do. Once I conferred my bachelor's degree in 2010 at the University of Phoenix a personal goal had been attained. Working as a contractor for the past three years for the same company made it more evident that now I need a Master's degree to be considered for full time permanent.
Looking into new employment for permanent placement a non- management position require a bachelor's degree while upper management requires a Master's degree. To reach long term goals of employment degree classification is important. Research states one of the most important determinants of prospective employees is possible earning potential which is linked directly to higher education. Studies done by Walker and Zhu states that he or she that have a field of study in Law, health, economics, business or mathematics are in a higher percentile for earning more than he or she that are in the field of arts or education (Prospects Net).
Creating a career for his or herself the question arises as to what positions are best suited for his or her talents, as well as what is the highest level of education. Being over 50 the long range is to have a personal family business. Understanding how to take care of your own business requires higher education. In most cases people have an idea and pay someone else to formulate and run the business. Having an education provides the tools needed for any aspect of a business, from knowing the type of business entity to funding, employment laws as well as learning how to maintain GAAP compliance.
According to the Journal of Population Economics, research has shown that while person's with lower skill levels are forced into accepting lower wages in the United States and moved out of the labor market completely in Europe. Could this be something that has the potential to affect him or her who only possesses a bachelor's degree?
In the years to come it the bachelor degree could very well be minimized to the lower-skilled while an MBA be a minimum requirement for employment. In corporate America today there is a "more with less" theory. My current employer...