On September 21st , 2010, The New York Times reports that workers with a college degree earned much more and were much less likely to be unemployed than those with only a high school diploma, according to the report, “Education Pays: the Benefits of Higher Education for Individuals and Society.”
According to the report, the median earnings of full-time workers with bachelor’s degrees were $55,700 in 2008–$21,900 more than those of workers who finished only high school. And the pay premium for those with bachelor’s degrees has grown substantially in recent years. Among those ages 25 to 34, women with college degrees earned 79 percent more than those with high school diplomas, and men, 74 percent more. A decade ago, women with college degrees had a 60 percent pay premium and men 54 percent…Even during the recession, a degree offered protection from unemployment . The 2009 unemployment rate of college graduates 25 and older was 4.6% compared with 9.7% for high school graduates…Read the full story
We are fortunate to live in the greatest country on earth where opportunity and liberty abound. Even during times of recession, the “American Dream” is alive and well!
In America, living the “American Dream” for most working Americans is linked to the wages earned. All things considered, the more money earned on your job the better your quality of life. Today, in almost every case, people who earn good to high wages are skilled workers.
In today’s information and knowledge driven labor market, about 70 percent of the jobs are skilled jobs. Nearly a third of all jobs are high skill and high median pay jobs (about 36 million jobs). Anyonecanachieve refers to the 36 million jobs as top jobs.
On the website we’ve identified the occupational titles of those jobs. Unfortunately, minorities are grossly underrepresented in such top jobs. For example, African Americans hold such jobs at a rate of about 6%. At the other end of the pay spectrum, African Americans are overrepresented (sometimes 18% of incumbents) in low skilled and low pay occupations. Of course, a number of factors are implicated in this but one thing for sure is more minorities will need to think about preparing for such top occupations.
A college degree is required or desired for nearly all the top occupations we identified.
The purpose of the website is to draw attention to these great occupations – provide occupational information through mentors and to give interested students lots of support, strategy advice and encouragement.
The jobs are located in Management and Professional Specialty occupational groups. The number of such jobs grow at a faster rate than jobs in other occupational categories. A large number of replacement jobs will be available too as so called ‘baby boomers” retire.
Due to demographic changes in the U.S. population, by necessity more African Americans and Hispanic Americans will need to prepare for these extraordinary opportunities.
The 330 Occupational Titles We Recommend fall under SVP* 7,8 and 9 (About 36 million jobs in the U.S. labor market, 2008.)
*SVP or Specific Vocational Preparation – Read More