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Here’s an additional reason to push your child to stay in school: Job perks. According to the Labor Department’s recent report, college graduates are twice as likely to get paid time off (PTO) as high school dropouts.
The report, released on Thursday, shows that 72% of college graduates had access to PTO from their employers in 2011 in comparison to only 35% of high school drop outs. In other words, one in four high school dropouts did not have access to PTO last year.
What does this mean? It’s pretty hard to have even a little time off from work without feeling a dent in your wallet. The Labor Department’s report also shows the most common reasons for leave from work include vacation, an illness, childcare, elder-care and childbirth. These findings imply that many high school dropouts are being forced to work through having a child or enduring an illness. If being forced to work while practically giving birth isn’t challenging enough, the research also shows workers without a college degree are roughly twice as likely to be unemployed as college graduates.
So the moral of the story is: An investment in education is an investment in self-fulfillment.