The ongoing Congressional debate over health care and social security reform would benefit greatly by studying the economics of health and the aging population. A bachelor's degree in economics will help prepare you for a career in a wide range of industries including manufacturing, financial services, advertising, research and consulting firms, law, public policy, and all levels of government. With a background in labor economics, you would be particularly suited for a career in human resource management or collective bargaining. Earning a Master's degree or Ph.D. in labor economics will open the door to more opportunities. You could build a career in a variety of government agencies like the Bureau of Labor Statistics, the U.S. Bureau of the Census, the Department of Education, or the Social Security Administration.
Many consulting firms require a higher degree for advancement to the top levels in the organization.
Finally, with a Ph.D. you could become a college professor and teach the future generation of economists.