Academic Inflation Research Paper Example | Topics and Well Written Essays - 1750 words

schoolman Inflation - Research Paper ExampleThe educational authorities have embossed the minimum education level requirements in the educational institutions and organizations which have created a significant problem in the business world. It has been reported by the U.S. Bureau of labor party Statistics that the graduates completing their education lack the skills and qualifications postulate for filling a job as they have not been given proper training in their institutions (Lan & Winters, 2011). The salute of education has risen at an accelerating rate as compared to the increase in the financial aids that are provided by the federal agencies.According to SHEEO (2011), as batch have insufficient funds available for covering the costs of college education, the number of graduates completing it has declined in the last few years. All of these factors have raised questions regarding the pedantic inflation that how lack of federal aids, increase in college/tuition fees, declin e in wage increments and rising inflation rate are impacting the quality of college education.Academic Inflation is described as the process by which the higher education degrees value gets inflated it is the point at which the minimum level of education is required when the level of employment rises. In fact, there is no real need for highly skilled or trained employees for various jobs in the firms (Odland, 2012). As a result of the academic inflation process, the bachelors degree value has reached a level where the graduates face difficulty in finding a sufficient position in the professional world and they have to acquire degrees of much higher level such as Masters degrees and PhDs. The primary actor for such a robust growth in the academic field for higher level degrees is an accelerating rate of competition among the peers (Singell & Stone, 2007).Along with increase in the expect of higher level degrees, the cost of acquiring them has