Earning Mobility

930 Words4 Pages
We divided social mobility into four categories,salary, unemployment, housing, and occupation. We measure the social mobility of people with different education with the four categories.

Salary
The initial monthly salary of the tertiary education graduates and secondary graduates are similar. But only some of the university graduates can earn generally more them. However, this kind of difference was further enlarged and the earning ability of the tertiary education graduates is slightly better than that of the secondary school graduates. This is in line with the findings of 2015 Study of Earning Mobility ( the University of Hong Kong and the Hong Kong government. From the statistic of Census and Statistics Department in 2006, the normal
…show more content…
The degree holders have the lowest unemployment rate (2.9%).

This can be explained by the recognition of the tertiary education other than degree. From the statistics of the Consumer Search Hong Kong limited, the employers rated a higher score for the degree graduates than the sub-degree graduates. Labor market of Hong Kong is another factor. Lee and Lam (1994) projected that there will be surplus in postgraduate and sub-degree holder. The market of Hong Kong cannot employ the number of tertiary education graduates. As they may not qualify in obtaining jobs require degree education. They thus either work for the job required secondary education only or need to further their study. Tertiary education may harm one’s social mobility if one failed in finding a job. Moreover, the mean of the interviewees of agreeing whether education can equip students with professional skills and knowledge necessary for future employment is the lowest among the tertiary education graduates (3.4). We can see that tertiary education may not be effective in promoting social mobility. However, the overall effectiveness of tertiary education in promoting social mobility may depend on whether one can find a
…show more content…
From the report of New Forum and New Youth Forum in 2015, the percentage of youth in this decade is four times more than that of fifty years ago. The increase of supply of the higher education graduates lowers their average wage. Furthermore, the rate of increase in jobs required higher education attainment is lagging behind, forcing more university graduates to engage in low-skill jobs, which can hardly promote social mobility. Consequently, the university education may not be successful in promoting social mobility as the graduates may be forced to take up the low-skill and low-paid job that do not promote social mobility very much. Or we can say that social mobility can be promoted through once the graduates can engage in the high-skilled and high-paid

More about Earning Mobility

Open Document