Education And The Quality Of Life

806 words - 3 pages

Dan Rather once said “A college degree is the key to realizing the American dream, well worth the financial sacrifice because it is supposed to open the door to a world of opportunity.” ("Dan Rather Quote.") With today’s rough economic conditions, social mobility and the quality of life are controversial topics that have many different theories. Some people believe that increasing social mobility can be done in a variety of different ways, while others think achieving this mobility is impossible. However, improving the quality of life can be done and the answer is quite simple. To improve the quality of life you must further your education and achieve degrees that exceed a high school diploma. Achieving a college degree over just a high school diploma will increase earning potential, and make it easier to find and keep a job.
In today’s society having just a high school diploma is not enough. Its value is rapidly diminishing, and employers are looking for college graduates to fill jobs that were traditionally held by those with a high school diploma. Justin Wolfers, a public policy and economics professor at the University of Michigan, stated “High-skilled people can take the jobs of middle-skilled people, and middle-skilled people can take jobs of low-skilled people, and low-skilled people are out of luck” (Rampell para. 7). With the declining economy well-paying jobs have become scarce. The unemployment rate has skyrocketed, leaving millions of people in the United States struggling just to get by. As of January 2014, 10.495 million people were left without jobs, which is a 223,000 incline from December 2013 ("US Unemployment”). Of the 16.2% of people unemployed in 2011, college graduates with at least a bachelor’s degree made up only 5.7% (Rampell para. 11). The solution to this problem is to get at least a bachelor’s degree to improve the quality of life.
One of the obvious reasons that receiving a college degree instead of just a high school diploma is required to improve quality of life is that it increases your earning potential significantly. The increase in pay can be seen in many different ways. According to the Bureau of Labor Statistics, those with a bachelor’s degree earned $400 dollars more a week than those with just a high school diploma (Ebersole para. 6). The increase in pay can also be described over lifetimes. The earning potential in a lifetime of those with a high school diploma is $1.2 million, compared to $2.1 million with a bachelor’s degree. Those with a...

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