It seems in many lands that the level of schooling needed to support oneself is higher than it was a few years ago. In some cases the minimum schooling required by law is not enough. No doubt this is why an increasing number of graduates are heading back to school rather than to the workplace. Indeed, the rewards seem attractive. The New York Times cites an Economic Policy Institute report that found that working men with only high school diplomas suffered a 7.4 percent erosion in the value of their wages from 1979 to 1987, while the wages of male college graduates rose 7 percent.
College graduates receive degrees that can open the door to employment opportunities.