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Education Pays

The above bar chart clearly shows us education pays in 2010. We see that unemployment rate of those with higher education background is much lower than those with lower education degree. For instance, the unemployment rate of college students with no degree is as high as 14.9% while that of those with doctoral degree is only 1.9%.

The following reason, in my opinion, is the most important one to account for this phenomenon. 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 make them more qualified and competent for their task. Thus, they are less likely to lose their jobs.

This phenomenon tells us that education is a worthy investment. Therefore, education investment should be strengthened while we, as college students, should study harder to avoid unemployment.