Literature Review 1

Carnevale, Anthony P., Ban Cheah, and Center on Education and the Workforce Georgetown University. "From Hard Times To Better Times: College Majors, Unemployment, And Earnings." Georgetown University Center On Education And The Workforce (2015): ERIC. Web. 4 Oct. 201

This article is purely a summary of the current market for human capital in reference to people's degrees, what types, and how advanced. It compares two years worth of data to contrast earnings & unemployment between recent and experienced high school graduates, recent and experienced bachelor degree holders, and recent and experienced graduate degree holders. There is no argument in this article, as it simply presents the facts as they are. 


Authors

Anthony. P. Carnevale currently serves as research Professor and Director of the Georgetown University Center on Education and the Workforce, a position he has held since the Center was created in 2008. Between 1996 and 2006, Dr. Carnevale served as Vice President for Public Leadership at the Educational Testing Service (ETS). While at ETS, Dr. Carnevale was appointed by President George Bush to serve on the White House Commission on Technology and Adult Education.

Ban Cheah is a Research Professor and Senior Economist at the Center on the Education and the Workforce. He serves as the main programmer and analyzes data from the Census Bureau and the Bureau of Labor Statistics in support of the Center’s research.

There are really only two key terms in this article that are worth mentioning: Income and Unemployment. Income is defined as how much money the individuals surveyed made in a given year. The unemployment is defined as to what the overall proportion of a sample population earned no income at all.

“Communications and Journalism majors, whose unemployment rates are still rising” (Carnevale, Cheah, 5)

“Earnings among recent college graduates with Bachelor’s degrees aged 22 to 26 vary from $31,000 among Arts and Psychology and Social Work majors to $57,000 among Engineering majors” (Carnevale, Cheah, 15)

“Recent high school graduates aged 22 to 26 have fared worst of all; the unemployment rate for them peaked at 18.9 percent and remains high at 17.8 percent” (Carnevale, Cheah, 9)

This source adds value to my paper because it focuses on one the key questions asked in my paper, particularly as to the outcome of choosing certain degrees as your major. This source clearly outlines that what degree you choose will have a direct impact on your income and unemployment prospects post graduation.