What is the highest level of education that you have achieved?

What is the highest level of education that you have achieved?

Posted: 8:43PM on Jul 2, 2019 | By Pynora


Response

  • 2.4%
  • 13.1%
  • 2.7%
  • 13.8%
  • 6.1%
  • 35.0%
  • 19.9%
  • 7.1%
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Total responses : 297
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The Importance of Education in an Automizing Workforce

Posted: 8:07PM on Aug 14, 2019 | By Pynora

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The tide of robots is rising. And the number of low-income jobs available to those with a high school diploma—or less—is shrinking.

Today’s changing work climate calls for multi-talented thinkers. Besides huge wage increases, a college degree is more valuable than ever and is the best way to prepare for uncertainties in the future.

If college is something you’ve been putting off—or something you’re thinking about skipping altogether—you’ll want to give this a thorough read. Let’s explore the reasons why it’s smart for you to prepare for the future by getting a college degree.

The Wage Perspective

The surest way to increase wage potential—and to prepare for uncertainties in a fluctuating future of work—is to obtain a college degree.

In fact, a review performed by the Center on Education and the Workforce at Georgetown University found that “people who earn bachelor’s degrees and work full-time can expect to earn 84 percent more than their peers with a high school diploma over their lifetime.” The uptick in earning translates to a $32,000 boost in annual salary differences compared to those with a high school diploma.

Post-degree levels vary greatly based on your field of work, but on average, if you continue on to seek out a masters, doctoral, or professional degree, the earning possibilities keep climbing.

It’s true—degrees are expensive, and it usually takes money to make money. But a college degree is one of life’s most dynamic investments. For any parent or child trying to weighing the cost of education against possible outcomes, a college education is virtually priceless.

Money can’t give you everything, but it can give you a roof over your head, a means to support a family, and extra padding in your pockets for the occasional luxuries like a trip across the country. If you work towards a college degree, you’re working towards an easier means of providing yourself with both your wants and needs—the higher your earning potential, the less hard you’ll have to work to meet financial demands. The data speaks for itself—the most surefire way to secure a fruitful income is to get a college degree.

Rise Above the Incoming Tide of Automation through Education

In imagining the future of work, we must think back to 12 years ago, when Apple first revealed the iPhone. To follow was a free-flowing river of apps, technology, and data clouds that further interlinked our lives with tech and impacted nearly every industry on the planet—healthcare, fashion, banking, and more. In fact, almost any career imaginable has been affected by technological advances in the past decade.

The automation debacle has been a popular concept infiltrating the news for quite a while. Reports have surfaced that about a quarter of American jobs will be affected by automation in the coming years, and the report found that many jobs, especially in transportation, office administration, and food preparation, will be wiped clean and replaced by robots. Co-author of a Brookings Institute report, Mark Muro, says, "These technologies are likely going to benefit those who are well-trained." But, he added, "Virtually all jobs are going to begin to experience some pressure from automation."

For example, there are 5.6 million truck drivers in the United States alone. But there’s already a formation of more than a dozen startups that are aiming to put self-driving trucks on the road—within the next few years. The future of work looks bleak for over 5 million people.

One artificial intelligence expert, Kai Fu Lee, predicts that 40 percent of the world’s jobs will be replaced by robots. From customer service to driving to banking and more, automation may be one of the greatest disruptors since industry itself.

But, a recent reevaluation by the World Economic Forum points out that automation will create more jobs than it replaces; although, these facts aren’t quite a sign of relief. These jobs will involve a paradigm shift in skill. And researchers have weighed in with the following: “The benefits of automation will likely flow to about 20 percent of workers — primarily highly compensated, highly skilled workers — as well as to the owners of capital.” Furthermore, “the demand for workers to build the automation tools of the future is already growing, and not only in fields such as engineering and software development.”

While tech companies will need tons of employees with degrees in STEM-related fields, they’ll also need employees with backgrounds in humanities, business, and communications, as well as marketers who can sell their products. The shifts that artificial intelligence brings will potentially be limiting, changing the course of what jobs will be available—and mainly for those with low education-related careers. If you need another reason to get a degree, another report from Ball State University concluded that 50 percent of low-skilled jobs will be replaced by automation.

Self-Education’s Limits

Ellen DeGeneres dropped out of the University of New Orleans after a single semester. Apple mastermind Steve Jobs skipped out on Reed College in the same timeframe. Michael Dell, CEO of Dell Technologies, who boasts a net worth of over $23 billion, stayed at the University of Texas for a year, but left because his side work of selling computers was such a success.

The tales churn on, and like the making of celebrities, these long-shot instances break through every so often—and some of these stories can make one question whether or not a college degree, with its cost, time investment, and energy investment, is worth the price of admission.

You may be tempted to skip the degree route and set sail on a path to self-education. While it’s not impossible, it’s a difficult path for those that are extremely self-disciplined. But the numbers behind the college path speak for themselves—if you want to earn more, be more successful in life, and stand your ground against the incoming river of automation, a college degree will put you on the right path.

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