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The Great College Myth

Knowing the Facts Helps Your Child To Succeed

As we enter the 21st century, the United States is moving into a service-based economy. The evolution of job skills and the information highway in a technological society will be the driving forces for your child as they prepare for career paths in a competitive workplace. Eighty percent of new jobs in the United States in the next decade will require technical education beyond high school, but not necessarily a four-year university degree. 

Parents deserve to know the truth about what it will take for their kids to succeed! Most current high schools primarily provide a college prep curriculum that prepares students for college-but not for working. Reports indicate that less than one third of "college prep" students will finish college and only half of those graduating will actually get a job in their field of study! Why do we send our young people on a path where the probability of failure is greater than 2 out of 3? Instead, we need to help them explore other alternatives! (Link to Students/Careers)

Year 2005 
Direct Entry 15%
Technical College 65%
Professional/College 20%


Five Misconceptions About the Future Labor Market

Misconception #1
In the future, most jobs will require a college degree.

Fact:
Of 147 million jobs by the year 2005, only 32 million or 21% will require a college degree.

Misconception #2
Most high-wage jobs in the future will be in technical fields that require a college degree.

Fact:
The largest and fastest growing segment of the emerging technical work force is occupations that do not require a four-year degree.

Misconception #3
The total labor force demand for college graduates is sufficient to ensure employment for all who receive a four-year degree.

Fact:
The United States Bureau of Labor Statistics forecasts that through the year 2005, one in three college graduates will not find college level employment. Among those preparing for the professions this number will be one in two.

Misconception #4
In light of the over supply of college graduates, college graduates will replace non-degree holders in good jobs that do not require a college degree.

Fact:
Survey's of employers shave not revealed that they prefer college graduates for jobs that do not require a degree. In particular, college graduate will not displace non-degree holders who have specialized occupational skills.

Misconception #5
Because higher education is highly correlated with future earnings, education guarantees a higher income.

Fact:
In the labor market, above-average rates are a return for occupational skills in demand, not education per se.

(Source: Other Ways to Win, Creating Alternatives for High School Graduates, by Kenneth C. Gray and Edwin L. Herr, 1995. )

         
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