The phrase “knowledge economy” has gained increasing currency in recent years, but what exactly is the knowledge economy? And where did this concept come from? In the simplest terms, the knowledge economy refers to a modern system of economics in which intellectual capital and intellectual property form a central component of both the labor and production markets. Read on to learn more about the knowledge economy, and how you can be a part of it.
The gig economy is a rapidly expanding slice of the U.S. labor market represents. From the proliferation of web and mobile technology, which enables so many of us to work when and where we wish, to shifting cultural values and greater generational interest in a meaningful work-life balance, the growth of the gig economy represents a confluence of factors. But what is the gig economy, what are the benefits of participation in this labor market, and is it the right move for you? Read on to learn more about the gig economy.
Law school can be expensive, but it doesn’t have to be. If you plan to go to an elite law school like Columbia or Harvard, you should expect to pay a lot of money and land a great job upon graduation. But what if you aren't looking at a T14 law school? Is there an affordable alternative? Absolutely. You just need to make a few key decisions first about where you see your law career ultimately heading. If you’d like to earn a law degree, but you’d also like to keep the costs down, read on.
When it comes to majoring in business, there are countless educational avenues you could travel. We strongly recommend choosing your path based on what most interests and excites you. But as you narrow the focus of your studies to your area of concentration, you should also know what to expect in terms of salary potential. We’ve compiled a list of popular areas of business study that offer some of the highest returns on your educational investment.
The cost of college is high, and so is the collective student loan debt shared by Americans. And for many college graduates, these economic challenges are magnified by the fact that loan repayment begins immediately upon graduation. In many cases, even those who are fortunate enough to secure a job right out of school will be settling for a fairly modest entry-level pay. So how can you reconcile the demand to earn a living and repay your loans with the fact that you’re entering the job market without experience? Otherwise, read on for a look at these 10 College Degrees that can lead to above average earnings right away.
Given the high cost of college, the ever worsening student loan debt crisis, and America’s newly robust job market, more young workers than ever before are reconsidering the necessity of a college degree. While economic indicators still suggest that a bachelor’s degree is a meaningful threshold differentiating salary potential across various industries, that doesn’t mean it’s the best option for everybody. Some professions can actually pay quite handsomely while placing the premium on professional experience over academic credentials. In fact, in some cases, a six-figure salary is readily accessible without a college degree.
Can you land a six-figure income with a four-year degree? Is it possible to rise to the top of the earning pool without spending time and money on a master’s degree? We take a closer look at a number of professions that prove a bachelor’s degree can still be valuable…if you choose the right field.
More than ever before, Americans are contemplating the idea of early retirement. But it isn’t easy, and it could take some seriously frugal living and meticulous planning to earn yourself a post-professional lifestyle sooner than later. But it can be done. Read on for a look at the strategies that could help deliver you to that sandy shore, scenic overlook, or late morning wake up while you’re young enough to really enjoy it.
So you want to see the world? You’ve got the time, the energy, and maybe you’ve even picked up a few useful words in several different languages. Obviously, you want to get out there and spend that time wisely, burn that energy constructively, and use those words contextually. There’s just one problem. You don’t have any money. Granted, that isn’t ideal, but it’s also not a dealbreaker. There are actually all kinds of cool ways to adventure both in the U.S. and abroad without so much as a dime to your name. Not only are there lots of amazing ways to travel for free, but if you do it right, you may even find a way to get paid for it!
The “side hustle” is one of the great phenomena of the Internet age. Now that we all have access to this wide world of engagement, communication, and commerce, we also have access to a certain type of economic and professional freedom that never previously existed. That doesn’t mean we can all just turn around and quit our day jobs in a blaze of digitally-liberated glory. But it does mean each of us has the chance to explore a side hustle—a personal pursuit that earns you a few extra dollars while fulfilling something within you that can’t be met by the responsibilities of your day job.