Unemployment Highest Among Lowest Educated Folks

Tuesday, March 5, 2013, 1:00 AM | 5 Comments

It seems that education is directly proportional to employment and career advancement. The more years you stay in school and the more education you get, the better your future would be financially and a lot less unemployment cycles, if any, in your career.

Of course, that’s in addition to hard and smart work. Peter Drucker calls it knowledge worker.

Analyzing the Bureau of Labor Statistics (BLS) report for the year 2012, I reckon it shows two important issues:

  1. The least educated have the highest unemployment. So education is inversely proportional to employment. The more education and skills you have, the less unemployment you’ll face.

  2. The median paycheck for the least educated is the lowest. That means less education and less skills earn the least paycheck in the United States.

Unemployment Highest Among Lowest Educated Folks

Get better skills and more education…

Higher education plays a big part in not only bigger paycheck but you might stay longer at your job – at your own free will I might add unless you decide to move to even a better position.

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, especially for folks who are better educated and with more skills.

Classroom full of students

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.

Don’t think for a minute just because no one else in your family went to college and finished it, you shouldn’t either.

Don’t that build a firewall between you and your better future financial life.

The best way to break the firewall is to gain more education and more skills.

Education pays in higher earnings and lower unemployment rates…

If you dropped out of high school or never went to college because you were not good in Math, then Khan Academy’s videos makes it so easy you would start cursing yourself why you left school and never went to college.

Start with simple Arithmetic and pre-algebra and keep moving to more involved Math. In no time, you would be able to master your Math skills including Arithmetic, geometry, fractions, computer science and other subjects as well.

When you start working closely with Khan Academy, the best part you would notice is there is no one looking over your shoulder. You follow the lessons at your own pace.

After learning from Khan Academy, attend community college

After you learn the basic skills in the subject of your interest attending Khan Academy, get admission at the community college in your hometown if there is any.

If there is none, drive a little further and find one. Almost all states have community colleges with more than one campus. The President has put a lot of emphasis on community colleges.

If America is going to advance in Math and Sciences, it’ll do so with the help of community colleges because that’s where the bulk of population can go.

Leave the Ivy League institutions to the rich and famous. Compare to the rest of the population, their graduates are a lot less in number than the graduates from community and other public colleges.

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 Okay 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 in addition to savings and investing.

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  1. 5 Responses to “Unemployment Highest Among Lowest Educated Folks”

  2. By Thomas @ Finance Inspired on Mar 6, 2013, 11:38 am | Reply

    Good post. I think we all know education is the key to wealth without many exceptions. The sad thing, and harsh reality is when those who are poorer can’t afford to get the education they deserve. Its a spinning circle this problem.

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