blog




  • Essay / A higher level of education can lead to higher salaries

    Introduction: Australia, a country with a total population of approximately 23,456,977 (Australian Bureau of Statistics 2014), has shown a growing economy improvement as the unemployment rate fell to 5.8% in March 2014. However, full-time employment decreases by 22,100 while part-time employment increases by 48,200 (Australian Associated Press 2014). According to Denise Bradley's study, he suggested funding an additional 330,000 graduates by 2020 to meet 40% of the population to tighten and strengthen quality control of the future workforce (Slattery , L 2008). According to the PC report, young people who leave school early are more likely to receive lower pay than higher education graduates (McLachlan, R, Gilfillan, G & Gordan, J 2013). Based on this assertion, the present research analysis was conducted to determine whether there is any factual indication that there is a positive relationship between the level of education and the amount of wages earned.1. Hypothesis: Do people with higher incomes have a higher level of education than others? The problem does not arise in the context of the fact that only highly educated individuals have a higher salary than those with a lower level of education. Normally, in reality, when there is an effect, it does not necessarily have just one specific causality, in fact there may be more.2. Methodologies: Field research was conducted and data was collected from individuals from different job fields with the following weighting: - This research result is categorized by gender to have a clearer view of the correlation between the variables. First, the average hourly wage earned by female respondents is less than $5 compared to male respondents, as shown in Figures 2.1 and 2.2, because women tend to request breaks from their work and eventually become difficult to follow among their male colleagues and to obtain a promotion. (Berman, J 2014). Additionally, refer to Table 2.3 and Table 2.4, which indicates that women are more easily influenced by age and education level than men. While previous research focuses more on a single factor; therefore, in order to avoid possible multicollinearity problems, other elements that may have an impact on the distribution of wages are also included. Components like respondents:- Age Differs in terms of experience. Because prejudices regarding age can affect individuals' judgments in certain situations (Acas 2006). This reflects the professionalism of the individual and the possibility of obtaining promotion. Ability to speak various languages For a person entering the job market in 2014 with a fluent second language, an increase in salary is expected 10 to 15% as the company does business. easier (Chau, L 2014).