Rose Murphy: Trends in college and career | Lifestyles

One of my favorite singer-songwriters, Bob Dylan, declared in 1963, “The Times They are a’Changin”. While Dylan must have felt that was true then, these words resonate more than ever today. Mass layoffs have occurred in some industries, and new technologies have increased the need for additional employee training. College costs have skyrocketed, sparking discussions about the value of a 4-year degree. Questions arise: Is a college degree worth the cost? Will my career field be needed in the future? What degree should I seek? What skills are important to develop? Let’s take a closer look at just how much these times are a’changin’ and explore the best ways to adapt to these predicted trends.

A report from Georgetown University, Center on Education and the Workforce, notes, “despite the upheaval in the job market since 2020, one workforce trend has remained constant: the increasing need for workers to have higher levels of education in order to succeed in an ever-evolving economy.” Currently, California workers who hold a 4-year degree earn a medium annual wage of $81,000. Over time, the difference between those with college degrees versus a high school diploma results in three times as much wealth than those who did not obtain a 4-year degree. Having a bachelor’s degree remains an advantage in most areas of the labor market in the United States. In a 2021 Pew Research survey of college graduates, a majority of respondents spoke to their college education being “extremely” or “very useful” when it came to helping them grow personally and intellectually. It opened doors to job opportunities and helped them develop specific skills and knowledge that could be used in the workplace.

You may also like...