Topics: Supply and demand, Education, Higher education Pages: 3 (871 words) Published: April 24, 2014
Supply and Demand Paper

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...
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