Money: Financial, Economic News and Money Saving Ideas

Less College Enrollments Means Better Economy

Written by - Reviewed by Glozine Team

Published: Jun 27, 2014 | Last Updated: Jan 16, 2016

Even though there are a lot of signs showing that college education is very important especially amidst the present recession, there is still an obvious decline in college enrollment, but this does not necessarily mean it’s a bad thing.

college-student-campusThere were more students enrolling in colleges during the recession from 2007 to 2009. After that the charts show that college enrolments are gradually decreasing and haven’t bounced back ever since.

According to Moody’s Analytics economist Ryan Sweet, when the economy not going well, people tend to hide behind the four walls of the college classrooms, since there are less opportunities elsewhere.

With this, he contradicted, there are more job opportunities now more than ever and the declining number of college enrolment is a sign that the economy is going well.

It is not a good development if there are more high school graduates bypassing college for a minimum-wage job that does not promise a good future. On the other hand, it would be good news if these high-school graduates bypass college for decent paying jobs in manufacturing and construction or even taking up two-year technical training courses.

Not everyone has the privilege to go to college, but when the economy is good, it is easy to find decent paying jobs that don’t require applicants to be graduates of four-year courses.

Thee are industries that have a shortage of skilled workers, including medical technicians and welders.

There are still no concrete signs as to where young Americans are headed after skipping college, but if they are landing on high demand jobs, then it would mean the economy is headed somewhere good.

Student debt is probably one other leading reason why young Americans are opting to forego college. Some even fear they would drop out of college in the middle of their four-year course with piles of student debt and without a job.

X

Hints on how to write a helpful review

A great review should have the following qualities:

  • A helpful review should connect and engage with the readers using personal experience.
  • An excellent review provides the readers with cogent and unbiased information necessary to help them make the best choice.
  • A review must be well-formatted to make reading easier by using multiple paragraphs and avoiding caps.
  • The primary goal of your review must remain to provide accurate and non-salesy information.
  • Above all, let your review be fair and honest.

We have high level of professional editorial section with zero tolerance policy on fake reviews.

To maintain the genuineness of our brand, we ensure all customer reviews submitted to us are verified and confirmed before publishing. Though we might not be a 100% accurate, however, we try our best to ensure being next to best. For a thorough verification of submitted reviews, we spend close to 7 working days before allowing any customer review to be published since we also work on the earliest submissions first.

X
The Quality Page Score Explained

Your Rating*

Were you able to find the information you were looking for on our website? YesNo

Did you find that information valuable?
YesNo

How likely are you to share our page with a friend? Scale 1 to 5