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The need for experienced employers or workforce with low salaries, caused on the other side a similar increase in need for the type of learning and knowledge that develop skills required for the job market.
A technician who is having some engineering skills has become more desirable and more likely to win a job offer than a university graduate with an engineering degree, the later acquires a higher salary that - in most cases – his/her employee cannot afford, but the technician will be paid less while having the capacity to carry on over 90%-to-95% of the job tasks that may be assigned to the engineer.
"For such reasons: students’ enrollment in technical and trade schools is growing worldwide"
Academic education is always focusing on the building blocks of professions, a graduate of any discipline is automatically entitled to the profession of the discipline ; like for example: becoming an “Architect”, an “Engineer”, a “Lawyer, or a “Doctor”, but still with “No professional experience” as a fresh graduate. This leads more graduates to get back to the educational cycle again to take some skill development courses in order to find their first entry job opportunity.
The objective of vocational education is to make students focus on developing skills required for a specific profession in order to join the job market faster than completing a university degree and with less financial obligations
"For such reasons: students’ enrollment in technical and trade schools is growing worldwide"
The expensive cost of university education being a hot topic in debate for over ten years now in the modern world where students have to have loans in order to cover the tuition of obtaining a university degree.
Most student debts sometimes reaches nearly 50.000 $ that needs to be paid back by the graduate within the first few years after their graduation, where there are usually no expectations for a good return on their investment, this situation lead to the fact that about 50% of graduates around the world with university degrees ended up working in jobs that do not require university degrees in order to overcome their financial situation.
"For such reasons: students’ enrollment in technical and trade schools is growing worldwide"
It is very common in the western job market that the higher the degree you get the less opportunity for a job you will have, the job market segment becomes narrower and the competition becomes tougher for people with higher degrees.
Graduates with PhD and Masters Degrees will likely fall in the 1-to-2 % job opportunity (Jobs as university professors and college teachers), while around 50% of the job market opportunities are available for those who have skills and vocational education
"For such reasons: students’ enrollment in technical and trade schools is growing worldwide"
Source: U.S. Bureau of Labor Statistics, - Occupational Employment Statistics Survey (Employment Data) And Employment Projections Program (Occupational Education-Level Designations)
Vocational training services is one of the fastest growing businesses in the world.
People will never stop: Learning, Building, Eating,.... So, any investment in one of these fields will always be rewarding
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