Three Reasons for the College Being Important - Essay Example

College education provides not only higher income but also imparts more opportunities to go up the ladder in the hierarchy. Higher post in an organization imparts better recognition in the society and status. The person gets a better sense of achievement and satisfaction in life.

College Education Safeguards from Unemployment Woes
Currently, the world has become a global village wherein a lot of exchange of goods and services take place. International trade has reached the level of $1600 billion from a small sum in pre World War II era. Currently, the US does not manufacture several consumer goods for the simple reason that they can be procured at much lesser cost from other countries such as Mexico, China, Korea, and other countries. It is a comparative advantage that drives the global production system.

This has caused the displacement of workers in the US in the traditional industries such as apparel, textile, leather, steel, fabrication, and many such kinds. The US has an edge in high-tech industries and new emerging technologies because it leads the world in innovation and new researches. That is why a college education is all the same more important and essential for anyone in the US if one has to protect themselves from the risk of getting jobless.  The statistics reveal that the unemployment rate decreases as the education level goes up as presented in the following graphics.

Source:  http://www.bls.gov/emp/ep_chart_001.htm

College Education Helps Run Business Successfully
It is true that education helps earn more and protects one’s employability but that is not all. If one decides to start own small business, a college education helps in taking many business decisions where one has to weigh the pros and cons of the various actions and their outcomes. A business person needs proficiency in math wherein they need to find the true cost of the product or services so that neither they are in loss nor they are out-priced by competition. While running a business one needs sharper business acumen so as to take the most appropriate and helpful decisions and that is only possible through college or higher education.  

Finally, college and higher education inculcates discipline and brings wisdom in life that always helps in personal growth and development. The Decision-making process becomes much simpler in life when one comes across complex situations.