Making Employment Decisions (Assingment)
(1) In 1980, how much more money did workers with a college degree make per hour than workers with a high-school education only? (2) In 2010, how much more money did workers with a college degree make per hour than workers with a high-school education only? (3) By 2020, the difference in pay for college-educated workers and workers with a high-school degree only will likely ___________________.
(1) about $7 per hour (2) about 12.50 per hour (3) increase
...people who choose vocational schools are able to enter the workforce sooner. Most programs run two years, but many can be completed in even less time. This allows you to start earning a real salary sooner. In 2014, the average mechanic's wage was a little over $37,000 a year, which beats out most liberal arts degrees. As of 2013, the average salary for a registered nurse was nearly $69,000 a year, which far surpasses a lot of traditional degree fields. Trade schools also are often equipped with strong job-placement programs. If you can do well in your classes there, it can be much easier to land a job than if you attend the average state school with a lackluster job-placement program. -"The Financial Case for Trade School Over College," Mel Bondar, US News ------------------------------------------------------------------ (1) Compared to college graduates, graduates of trade schools _________________. (2) According to the text, because trade schools have _________________ getting a job after graduating can be ____________________ compared to graduates from many state-colleges
(1) can enter the workforce sooner (2) job-placement programs easier
The pay gap between college graduates and everyone else reached a record high last year, according to the new data. . . . Americans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree. That's up from 89 percent five years earlier, 85 percent a decade earlier and 64 percent in the early 1980s. -"Is College Worth It? Clearly, New Data Say," The New York Times ------------------------------------------------------------------ Workers who have completed an education at a college or university tend to make (1)_________________ workers who have not. In 2013, workers with a college degree made (2)____________________________ on average than workers without one. According to the text, the pay gap between workers with a college degree and workers without one has been (3)________________ over time. Based on this information alone, getting an education at a four-year college could best be described as a(n) (4)__________________________.
(1) more than (2) 98 percent more (3) increasing (4) advantage
For the majority of millennials, the cost of paying off their student loans has wound up holding them back from living on their own, making major purchases like buying home and even being able to start a family... Trade schools cost a fraction of what public and private schools cost. The average cost of vocational school comes out to around $33,000- for the entire education. This the average cost of a single year of college. -"The Financial Case for Trade School Over College," Mel Bondar, US News ------------------------------------------------------------------ (1) According to the text, why is trade school more economical for some students? Select two that apply. (a) The cost of attending trade school is cheaper than the cost of a 4 year college. (b) Trade school graduates make more money than college graduates. (c) The cost of attending a 4 year college is offset by higher earnings in the long run. (d) Students who chose trade school over college often make better financial decisions. (e) Students who graduate from trade school have less debt than college graduates.
(a) The cost of attending trade school is cheaper than the cost of a 4 year college. (e) Students who graduate from trade school have less debt than college graduates.
(1) What point do the authors of both articles agree on? (a) College graduates make more than non-college graduates. (b) Individuals often graduate college thousands of dollars in debt. (c) Vocational schools better prepare students for the workforce. (d) Millennials and later generations are facing the greatest economic challenges.
(b) Individuals often graduate college thousands of dollars in debt.
When experts and journalists spend so much time talking about the limitations of education, they almost certainly are discouraging some teenagers from going to college and some adults from going back to earn degrees. (Those same experts and journalists are sending their own children to college and often obsessing over which one.) The decision not to attend college for fear that it's a bad deal is among the most economically irrational decisions anybody could make in 2014. The much-discussed cost of college doesn't change this fact. According to a paper by Mr. Autor published Thursday in the journal Science, the true cost of a college degree is about negative $500,000. That's right: Over the long run, college is cheaper than free. Not going to college will cost you about half a million dollars. -"Is College Worth It? Clearly, New Data Say," The New York Times ------------------------------------------------------------------ (1) According to the text, why is the choice not to attend college often a poor decision? (a) The immediate cost of attending college is cheaper than most people think. (b) Without a college education, workers will actually lose money in the long run. (c) College ultimately costs a lot of money, but a worker cannot survive without a degree. (d) People who chose not to go to college are often the type to make irrational decisions.
(b) Without a college education, workers will actually lose money in the long run.