A new study shows importance of college education

2 years 7 months 3 weeks ago Wednesday, April 15 2015 Apr 15, 2015 Wednesday, April 15, 2015 3:16:00 PM CDT April 15, 2015 in News
By: Derek Brizendine, KOMU 8 Reporter
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COLUMBIA - A recent study from the Georgetown University Center on Education and the Workforce shows that college-educated workers make up only 32 percent of the workforce. However, the study shows that these workers account for over 50 percent of the nations economic output.

The amount of output from the college-educated workers is up from 13 percent output in 1967.

According to the study, the rise in number of college-educated workers is due to a rise in college-educated services in the community.

Dan Gomez-Palacio, director of career services at Columbia College, says he too has seen a rise in the need for college education in the workforce.

"In that adult population, we see a lot of folks looking to make that move from hourly, undereducated positions, to professional positions and their degree's is their main ticket to do that," Gomez-Palacio said.

The study said another reason for the rise of the college-educated workforce is due to the transition from a goods based economy to a service based one.

"The hottest fields right now for employment are healthcare, financial services, other business areas and education," Gomez-Palacio said. "All three of these are service oriented fields and all three of them require, typically at least a bachelors degree to get started in them."

Gomez-Palacio said college teaches you the intangibles of a job that on the job training can't teach you.

"That's what employees are working for," Gomez-Palacio said. "Are they looking for someone with the technical ability in the field but more of these intangible abilities that are harder to train."

Gomez-Palacio said he also sees more people coming back to college in order to make more money.

"We see time and time again studies come out showing the impact that a college degree have over the course of someone's lifetime," Gomez-Palacio said. "Someone's earning which can equal half a million dollars. We see double the medium weekly earnings based if you have a bachelors degree versus a high school degree."

Gomez-Palacio said he sees college degrees to be more vital in the future due to the rise in the number of administrative jobs.

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