Analysis Of Degrees And Dollars By Paul Krugman

In today’s society, it has been found out that college graduates have a hard time seeking a job and end up with a sky-high student debt. This reality then poses a question, is going to college worth the time and money? An essay in the New York Times published in May 2014 entitled, “Is College Worth It? Clearly New Data Say,” by David Leonhardt states, “For all the struggles that many young college graduates face, a four-year degree has probably never been more valuable” (33). In his essay, Leonhardt sets the stage by describing the struggles a college graduate might have such as student debt, no work after graduating, and accepting jobs they feel overqualified.

Though finding a job in today’s America can prove challenging, some of the blame can be put on rising tuition costs for students, leading to an inability for most middle class Americans

Today’s generation is constantly being told that the workforce is over saturated and a university degree no longer guarantees a job. “Degrees and Dollars” explores the idea that technology is taking over the workforce and changing the economy in the process. Paul Krugman’s views, however, are very one sided. He not only dismisses the value of education and ignores the valuable role technology plays in creating employment opportunity in a wide variety of industries. Paul Krugman is an accomplished Professor of Economics and International Affairs and a recipient of a Nobel Prize in economics.

What does it mean to be a college graduate and do they really care about your career? In this essay, “We Send Too Many Students To College (2011)”, Marty Nemko’s, asserts, that colleges are a business as well as students are a cost item. Nemko supports his claim by illustrating authoritative quotes with the nationwide survey conducted by UCLA researchers. Nemko’s purpose points out the way colleges misinform high school students who are seeking a degree where sometimes employment is difficult to acquire, in order to collect billions of tax dollars with minimal accountability.

“As college students head back to the classroom this semester, a harsh reality confronts them - the rewards for the time, energy, and money that young people put into college are less than they were a decade ago”(Source C). Young college graduates have seen wages, deteriorate. This lack of wage growth has been surprising to those who have read about the ast unfilled need for college graduates. After gains in the 1980s and 1990s, hourly wages for young college graduated in 2000 decreases. For young college-educated men in 2000 hourly wages were $22.75, but almost dropped a full dollar $21.77 by 2010.

In our modern society, College is a key to success. As a result, people with college degrees tend to receive more respect than people without college degrees. In Anthony P. Carnevale’s essay, “College is still worth it”, published in January of 2011, Carnevale argues that the official Bureau of Labor (BLS) data is not correct. This is because the income data show that employers pay workers with college degrees a remuneration inducement. As specified by Carnevale, it would be illogical if the education associated with the college degree were not upscale for the job.

Anyone in this situation or one who knows someone in this situation can understand the anger and many other feelings that graduate is left with. Moving on, Murray positively suggests that society will adapt to the reality of things like cost, time of education, and job market. Using ethos, Murray presents Bill Gates and Steve Jobs being “exemplars” of success with their skill, rather than a college degree. He goes on to say “Every time that happens, the false premium attached to the college degree will diminish.” (679)

Hourly wages are dropping and “it will likely be many years before young college graduates-or any workers-see substantial wage growth” (Source C). Since wages have dropped it is becoming pointless to get a degree due to the amount of debt and stress caused. Even though, we need to learn, higher education is becoming a risky

In his Essay “Are too many people going to college,” first published in a 2008 issue of AEI, Charles Murray explores many insights onto the topic of furthering education as well as exploring various other options to pursue after high school. Who exactly would think that too many people are going to college? Well with more and more students flooding campuses at the end of every school year and less and less going into trade schools, a shift in the job market is just beginning to be seen on the horizon. Charles Murray’s essay “Are too many people going to college” shows that not only are there other avenues to pursue a potential life long career, but that much of the time pursuing these avenues may offer better results for some wanting to go to college.

Living where we live, you begin to comprehend that living off of $11.00 per hour including with your family will never suffice your needs. Getting a college degree can ensure the graduate a higher chance of being able to earn more financially. In the article “Why College Isn't And Shouldn't Have to be For Everyone” by Robert Reich, he states that “A degree from a prestigious university can open doors to elite business schools and law schools-and to jobs paying hundreds of thousands, if not millions. ”Even though Reich’s article is on the opposing side of the argument, he fails to overlook the fact that in the long run having a college degree will, and can open doors to many new opportunities. One of those opportunities is to be able get a well paying job that can earn more than the average non college graduate.

College education doesn't guarantee employment. In 2012, there was a lot of evidence suggesting the education to work link being broken. (Allen, 2011) A lot of college graduates are searching for work today. A lot of college students feel that college is a waste of money.

“Artificial intelligence is now taking over even white collar jobs,” he said, “but those that require lots of human touch and communication won’t be easily automated” (Paquette). Jobs like radiologists require a lot of human interaction, so the job itself will not be easy to replace completely by technology. As humans, people want to go into the doctors and be able to talk to another human face to face. So even if the computers are doing the “hard work” such as reading the MRI’s, humans still need to talk to the patients. The best solution to technology taking over jobs is making them work together and one not be dominant over the other.

It is also electronic, which takes much less time to turn on and off lowering the amount of time a patient is exposed to radiation. Since the system will be much smaller is could be used out side the medical field

As a High School Junior looking at jaw dropping tuition prices, my family and I often ask ourselves a question I’m sure many other American households are challenged with: Is a college degree actually worth it? Once you look past the recent unemployment rate for college grads, you’ll find that a college degree proves to be highly beneficial once placed in a career. Degree holders often enjoy benefits such as higher pay, higher-skilled work, and an intellectual advantage over their coworkers that do not have a degree. These benefits often outweigh the seemingly outrageous cost of college, making the price tag more than worth it.

Fast-forwarding into the present, many jobs have become and will be taken over by technology. Dereck Thompson, a senior editor at