Focus on Philanthropy - Recession underscores value of a college education
Magazine - posted on 4/11/2011
A recent Wells Fargo report reinforces the value of a college education. The report, authored by Wells Fargo chief economist John Silva and economic analyst Kim Whelan, shows that workers who have a college education are far less likely to lose their job than peers who only have a high school diploma, and that gap has increased dramatically during the recent economic downturn.
This past June, the unemployment rate for college graduates was 4.4 percent, well under 10.8 percent for high school graduates.
"Educational attainment is clearly advantageous from the perspective of employment stability in the long run," the report said. "Given the tendency of a highly developed economy to move toward high-tech industry and services… then the more educated workers will reap the benefits on a relative basis."
Gifts to Lakeland College support scholarships and other financial aid which make learning a college degree and the benefits of that degree possible for Lakeland students.
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