*A high school graduate used to be the coveted diploma to have.
But times changed and it was all about the college degree. Well, we all know how close the job market has become and now your college degree may not even get you a position with a fast food restaurant.
In Winchedon, Massachusetts, the cashier’s position at McDonald’s requires more than a college degree, they want to see 1-2 years of cashier experience!
That’s right! They are not an upscale location serving gourmet burgers and vegan fare, no! They are not even offering a competitive college-level salary.
*More than any other group in California, African Americans stand to gain the most significant lift out of poverty from earning a college degree, according to a new report, says the Huffington Post.
Taking a deeper look at data from a study it released in April, the nonprofit Campaign for College Opportunity this month released more detailed snapshots of African American [PDF] and Latino [PDF] students, examining how they benefit from varying level of educational attainment in California.
To conduct the analysis, researchers from UC Berkeley and the California Census Research Data Center crunched data to estimate the revenues and costs of various levels of education – both for the state and for individuals. They used data from the U.S. Census, state funding for colleges and universities, average state expenses for social support programs and tax revenues.
The analysis showed that while college attendance and graduation result in economic payoff for all groups of students, a college degree provides the greatest payoff to African American students in terms of reducing the years they’ll spend living in poverty. Black students with a bachelor’s degree will spend six fewer years in poverty than black students with a high school degree. That’s a bigger gap than for any other ethnic group studied.
“Education is a powerful payoff for this particular community as it is for all, but there’s a bigger impact here in terms of poverty and income,” said Michele Siqueiros, executive director of The Campaign for College Opportunity. “In certain parts of the state, it’s really significant.”
Read more at HuffingtonPost.com.