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Education Pays, published every three years, presents detailed evidence of the private and public benefits of higher education. It also sheds light on the distribution of these benefits by examining both the increases and the persistent disparities in college participation and completion. In the three years between the publication of Education Pays 2007 and Education Pays 2010, median earnings for four-year college graduates increased more rapidly than those of high school graduates and the gap between the unemployment rates of the two groups grew. In addition to earnings comparisons, the report documents differences in lifestyles, health, and other outcomes for people with and without college education. Differences in enrollment and completion patterns across demographic groups highlight the reality that gaps in educational attainment are explained by a combination of money and other factors
Note: Data are for persons age 25 and over. Earnings are for full-time wage and salary workers.
Source: Bureau of Labor Statistics, Current Population Survey.
[范文—标准版] Education Pays
The above bar chart clearly shows us education pays in 2010. We see that one with higher education background earns more money weekly than those with lower ones. For instance, the college students with no degree get paid $712 per week whereas those with a Bachelor’s degree can earn $1038.
Several reasons, in my opinion, can be identified to account for this phenomenon. To begin with, compared with those with comparatively lower education degree, people who have received higher education possess considerably wider knowledge, more remarkable learning and research ability, greater innovation and most of all, resourceful social network, all of which are essential to a high-income work. Also, the higher one’s education degree is, the bigger platform he will have to show his ability. For example, his college, university, or research institute will organize various job fairs for them to communicate face to face with employers.
This phenomenon tells us that education is a worthy investment. Therefore, substantial education investment should be strengthened while we, as college students, should study harder to build our country and strive for a better life for ourselves.
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