Is College Education Pay Less Than You Thought Analysis

“Is College Investment Worth It?”
College gives the opportunity for young adults to grow both mentally and socially. Most students going to a four-year college are not entirely self-reliant, usually living off their parent’s, it is still a time for independence and freedom. It is an opportunity for young adults to explore a wide-range of topics that high school could not show them. In today’s world times aren’t easy, but today’s struggles are a perfect example as to why an education is so important. Having a higher education allows a person to better themselves which in turn betters the country.
“Money makes the world go round” is definitely not something that most want to admit; nonetheless the world has yet to prove otherwise. With that
Many people would rather make money now rather than later. Laurence Shatkin wrote a blog post called “Education Pays, but Perhaps Less Than You Thought” in which he brings up why the U.S. Bureau of Labor Statistics fails to mention the whole story when comparing numbers to those with a higher education and those without one. In an article he read, by Enrico Moretti of U.C. Berkeley called “Real Wage Inequality”, Shatkins finds that Moretti shows the spending from a higher education degree isn’t far of a difference from the spending money of a high school diploma. Moretti shows that college graduates seem to be moving to more expensive cities in which lead to higher cost of housing. However, the different housing cost has nothing to do with the quality of the house when comparing to cheaper housing cost cities. He goes on to state two explanations that may explain the weird fact. One being the demand-pull hypothesis which says, “high-skilled workers are more productive in such cities...” and the supply-pull hypothesis which says, “College graduates are flocking to high-rent cities because they are attracted by amenities.” (Moretti) After Laurence Shatkins lies out Moretti’s facts and he shares his own personal viewpoint. Shatkins asks himself would all the information given change his advice to the young people, It wouldn’t. “Education many not produce
In fact there is some paying up to $60k a year or more to attend some of the top name schools in the country. That can all easily turn into a really disturbing debt to be dealt with in the future. Especially with such a bad job market going on it definitely does not give people the comfort or confidence with being successful and paying off the loans without a worry. One study shows “53 percent of recent college grads are either unemployed or working in a job that doesn 't require a degree,” (Lunsford) which certainly doesn’t make college sound very fantastic. Conversely, one article written by Tom Dennis says this information didn’t stack up to the countless other unemployment statistics. With over 94% of graduates employed upon graduation for 2012, Colorado School of Mines was one that had such positive outcomes along with the average salary for these graduates being little over