Demand for College Education

Higher education plays a great role in advancing the socio-economic status of an individual as well as being a vital driver of economic mobility in the society. Furthermore, a highly skilled labor force is the backbone of a country’s economic growth prospects. Organizations and companies demand highly skilled employees to meet the demands of the fiercely competitive global economy. Recruitment of qualified and skilled workers is a vital survival tactic in the modern world economy. Though the price of college fees is going up, the number of students enrolling in colleges keeps on increasing. College education is price inelastic. The demand for college education remains unchanged even when the price increases ((The Economics of Higher Education, 2012)).

Demand for skilled manpower (college educated) is high and skilled workers earn substantially higher expected wages than high school graduates. Moreover, education provides an opportunity for intergenerational mobility; children born in poor households can significantly change their economic status by enrolling in college since there is a higher probability of earning higher income. The supply of college graduates is restrained by the capacity of various colleges’ faculties as well as time it takes to train a competent graduate (The Economics of Higher Education, 2012).

Essay writing service:
  • Excellent quality
  • 100% Turnitin-safe
  • Affordable prices

Numerous factors have led to changes in the job market including globalization, innovative production channels and advent of information technology (IT). IT reduced the number of workers required to work in a firm but increased the demand for highly skilled and specialized workforce. Many college graduates tend to specialize in specific career choices to increase chances of gaining employment. There has also been a shift of production plants to other countries as firms struggle to lower production costs. To coordinate activities of various production lines in various countries has led to a demand for employees with logistics know-how ((The Economics of Higher Education, 2012)).   


The Economics of Higher Education. (2012). A Report Prepared By the Department of the Treasury with the Department Of Education. Retrieved from <>

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code LEMONADE