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Being Literate Vs. College Graduate

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THEME:   LIFE STYLE, NYC, PHOTO

By SisiBroad | June 13, 2013 10:15 am

It goes without saying that, in today’s economy, you are better off with a college education than you are without one. Graduates simply have fared much better than their less-educated peers. The unemployment rate for grads is lower, and their wages are higher, as are their chances of advancing to a management job.

May be because of that the number of Americans graduating from college has surged in recent years, sending the share with a college degree to a new high, federal data shows. It could be a result of resent efforts from Obama administration. Anyway. In 2012, the third of Americans ages before 30 had at least a bachelor’s degree, compared with 24.7 percent in 1995, and 21.9 percent in 1975.

But does that necessarily mean the whole economy would be better off if more Americans had a diploma? Many grads are taking positions they’re simply overqualified for. Do we see any employers who are struggling to find educated employees? Hardly.

Less than 100 years ago only 50% of people could read or write. Does it mean that economy was down? It a sign of life acceleration that instated of being modestly literate one become college graduate

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