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Big Benefits From Going to College Today

Dr. Greg Ketchum, 05/06/06

Video Segment

When I was a kid my parents always stressed the importance of getting a good education and going to college. A large part of that came from my Dad’s experience of quitting school in the eighth grade and paying for it the rest of his life. I’ve taken that same lesson with my own kids and like many parents have been heavily involved recently in my daughter’s college application process.

Well, a new report released by the Campaign for College Opportunity entitled “Keeping California’s Edge.” reaffirms our parent’s belief in the central importance of getting a good education. The upshot of the report is that going to college is both good for the student and also critical to the future of California’s economy.

To get an idea of how important California’s economy is…

  • California's gross state product is nearly $1.5 trillion, making it the 6th largest economy in the world.
    1. California accounts for over 13% of the nation's output, and trails only Japan, Germany, the UK, and France.
    2. The US’s next largest state economy--New York--is about 60% the size of California's.*

The report looks to predict what the workforce in California will look like in the year 2022. Highlights of the major findings include…

  1. By 2022 California companies will need 3.2 million new workers with at least some college education.
  2. Two-thirds of that 3.2 million will hold bachelor’s degrees.

  3. “One highly educated employee in the computer manufacturing industry generates enough value in the economy to support 3.7 other employees.”

So what do you do about all this? Well I’ve got just one action step for you this week; go to college or back to school and get all the education you can. If you think you can’t afford it you’re probably wrong about that. There are many, many sources of financial aid including scholarships and grants. Even if you have to take out a loan think of it as an investment in your future.

Finally, this report confirms something I’ve believed my whole life. That is, it’s still possible to live the American Dream through a combination of hard work and getting a great education. Don’t listen to the naysayers who say the American Dream is dead. Believe it and you can make it happen.

For more information and a list of resources including websites that list college scholarships and information on applying for college go to Talentplanet.com and click on Dr. Greg. Have a wonderful morning.

*Legislative Analyst's Office, State of California


®2006 Gregory A. Ketchum, Ph.D. All rights reserved.

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Dr. Greg is the “KRON 4 (San Francisco) Workplace and Career Expert”

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