Question

As a future graduate that will enter the labor market, correlate the discussion of higher wages from the employer with the possibility of diminishing returns from attaining your college degree. Explain the answer.

Answer 1

There is abundant evidence that a college degree improves one's income and career prospects. Higher degrees lead to higher wages. The owner of a company is willing to pay a higher salary for someone with a master's degree. So the candidates are spending money for higher education
Graduate students earn more during their lifetime than high school students. He could be argued with a higher salary company because of his higher education and ability. When the Employer wants to reduce Salary to the maximum and explain the company's situation, he will be advocating for higher wages, including his education expense and other circumstances. Because he had a loss of income when he learn his degree
The higher degree prepares you for your career and life, socially and mentally, and the benefits of college education include better pay, higher pay, and higher skills. Opportunities like these provide the opportunity to enjoy life.

But ,In the modern world, higher education is essential for good paying job. Companies offer higher rewards for those with higher qualification degrees. Today, companies hire candidates not only on merits but also on practical skills and experience. But the higher the number of candidates, the more likely it is for companies to cut salaries and reduce benefits. The problem facing the candidate here is that he graduated at a high cost but did not get paid in proportion to it.