SUPPLY AND DEMAND
Supply and Demand Paper
XECO/212
3/23/2014
The personal experience I choose was the experience of purchasing my college
education. Picking a college was very challenging and I had huge amounts of
pros and cons to weigh throughout my decision process. I knew that by going to
college and receiving a college education would be a great investment and would
possibly benefit me in the future both personally and financially. The supply and
demand for a college education has changed a lot over the years, thirty years
ago a lot of people might not have gone to college or paid for a college education
and degree but that person still had a good chance of finding a steady job and
becoming successful. An example of this would be my mother, she has worked
for a small textile company for over forty years and she did not have a college
education. She has long since retired, and has told me many times she is glad
she is no longer in today’s workforce, because the company now requires some
positions to have a college education due to the changes in technology.
There are many factors in which could cause possible changes in supply and
demand for college would be the job demand, economy, technology, and the
financial status that each person carries. Job demands can be a cause of supply
and demand due to the fact that many jobs do require their employees to have a
college education and have knowledge of that particular field along with being
trained. Many employees will want to move up in their job in order to get higher
pay and to become more successful. At times it can be challenging to move up in
a company without a college education because many of these employees tend
to get paid less, verses an employee who has a college educated. Economy has
gotten worse and people depend on their jobs and incomes to pay bills and take
care of their families, having a college
XECO/212
3/23/2014
The personal experience I choose was the experience of purchasing my college
education. Picking a college was very challenging and I had huge amounts of
pros and cons to weigh throughout my decision process. I knew that by going to
college and receiving a college education would be a great investment and would
possibly benefit me in the future both personally and financially. The supply and
demand for a college education has changed a lot over the years, thirty years
ago a lot of people might not have gone to college or paid for a college education
and degree but that person still had a good chance of finding a steady job and
becoming successful. An example of this would be my mother, she has worked
for a small textile company for over forty years and she did not have a college
education. She has long since retired, and has told me many times she is glad
she is no longer in today’s workforce, because the company now requires some
positions to have a college education due to the changes in technology.
There are many factors in which could cause possible changes in supply and
demand for college would be the job demand, economy, technology, and the
financial status that each person carries. Job demands can be a cause of supply
and demand due to the fact that many jobs do require their employees to have a
college education and have knowledge of that particular field along with being
trained. Many employees will want to move up in their job in order to get higher
pay and to become more successful. At times it can be challenging to move up in
a company without a college education because many of these employees tend
to get paid less, verses an employee who has a college educated. Economy has
gotten worse and people depend on their jobs and incomes to pay bills and take
care of their families, having a college