Unemployment Is Down; Wages Are Up, Why Should I Get A Degree?
Many things are going right for the economy right now, and the labor market is at the forefront. Rising profits are cajoling businesses to try to fill numerous job openings. The problem is finding enough qualified talent, especially with so many Baby Boomers retiring. The U.S. has added some 19 million jobs in the last eight years and the unemployment rate could soon drop to levels not seen since the 1960s. That all boils down to record job openings and aggressive hiring, which is great news for motivated people looking to further their career.
Right now, Texans are more hopeful than ever. The economy is exploding and company profits are skyrocketing. Across the state, there are opportunities for better jobs and higher promotions. As of June 2018, the US Bureau of Labor Statistics is reporting a 4 percent unemployment rate for the state of Texas, and slightly less at 3.8 percent for the Dallas-Ft Worth metroplex.
Here are four noteworthy reasons why you need that degree now more than ever:
1. Get it while the gettin’ is good
It’s always better to be prepared and have an ace in the hole. Prime the pump before you need the water; don’t let today’s rosy economy make you complacent. If you’ve been in the workforce for some time, you’ll remember what it was like when the economy was struggling. It’s more difficult to find a job without a degree, and there’s added value for a company to keep a college graduate when dealing with layoffs. So, hedge your bets and prepare yourself to weather future storms.
2. Move farther, faster
There is a dwindling pool of skilled workers looking for new job opportunities. That means those with enhanced skills can go farther, faster and earn a higher income, regardless of the economy.
Translation: you’ll be in higher demand.
If you have a Masters degree, your specialized knowledge will stand out to potential employers. You can offer a highly qualified skill set which will afford you a greater opportunity in a strong or in a weak economy.
3. It opens up greater potential for higher earnings
As the competition for talent intensifies, companies are compelled to raise pay, while still keeping labor down. So while companies are eagerly hiring, worker salaries aren’t necessarily on the rise as fast as profits. But by holding a degree, you set yourself up to negotiate a higher salary.
4. It’s worth it!
Whether you’re looking to expand yourself intellectually, challenge yourself to grow personally and professionally, or preparing for a career change, you’re going to check those boxes and more. An overwhelming majority of college graduates say that college has been a great investment for them personally, according to a Pew Research Study.
Are you in a position to get your piece of the growing economic pie? If you're ready to follow your dreams, Amberton University is here to turn your financial hopes into your financial reality. Enrollment for fall semester is open! We’d be honored to help you on your journey. Click to get started now!See All Blogs