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This is not a short-lived problem for college graduates, as the report indicated that those who start their careers underemployed are 3.5 times more likely to remain underemployed a decade later.
Among the majors, child development has the lowest starting salary ($32,200) and mid-career pay ($36,400) while showing the least amount of growth in the first 10 years ($4,200, or 13%).
According to the most recent U.S. Census survey, college graduates make on average $20,000 more a year than non-college grads, and the unemployment rate for non-college graduates is 10 lowest ...
Graduate unemployment, or educated unemployment, is unemployment among people with an academic degree.. Aggravating factors for unemployment are the rapidly increasing quantity of international graduates competing for an inadequate number of suitable jobs, schools not keeping their curriculums relevant to the job market, the growing pressure on schools to increase access to education (which ...
College Degree Returns by Average 2011 Annual Out-of-Pocket Costs, from B. Caplan's The Case Against Education First-year U.S. college degree returns for select majors, by type of student Study comparing college revenue per student by tuition and state funding in 2008 dollars [121] The view that higher education is a bubble is debated.
Students parents and businessmen wanted nearby, low-cost schools to provide training for the growing white collar labor force and for more advanced technical blue collar jobs. Four-year colleges were also growing, but not as fast; however many were located in rural or small-town areas away from the fast-growing metropolis.
Some of the other lowest-paying majors include hospitality, anthropology, early childhood education, history, and fine arts—all of which lead to an underwhelming $40,000 salary five years post-grad.
High school students aspiring to be selected to the best colleges start the college-choice process earlier and make decisions earlier. Financial aid is an important factor in students' college choice process. Rising college prices and the increased need to rely on loans constrain the college choice process for low-income students. [21]