The hardest hit are those with high school or lower education

Thu Nov 26, 2009, 8:08 AM | | Posted in Careers Students



In the long run, education plays a big part in an individual’s income. The more years you stay in school and the more education you get, and of course hard and smart work, the better your future would look like financially as is apparent from the BLS chart (Education pays …). Analyzing the Bureau of Labor Statistics report for the month of October, workers younger than age 24 lost nearly half a million jobs, while adults (those over age 24) with less education (high school or lower) lost 508,000 jobs. On the other hand, adults with more than a high school education gained 463,000 jobs.

Pick any instance in the economy and you would see that, over the years, layoffs and gainful employment have kept going on hand-in-hand. Layoff in one company can be employment at another. But if you have the basic skills like communications, some selling know how and best of all basic Math, then you should be able to work in any industry.

In a Nutshell
Get some basic education and training in Basic Math, communication and some marketing and selling know-how, I believe you should do OK in the long run. In any case, the younger generation must stay in school. Go to college and pursue a career that will put food on the table in the years to come.

What do you think?

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Information contained herein is general in nature, and is provided for informational and educational purposes only. Past performance is no guarantee of future results. Talk to your financial adviser.

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