Boothby and Drewes Assessment Because Canada leads the world in producing post-secondary graduates, more so than any other country, concerns have been voiced that perhaps too many people are enrolling in higher education programs. According to Boothby and Drewes (2010), in their C.D. Howe study entitled The Payoff: Returns to University, College and Trades Education in Canada, 1980 to 2005, such concerns are unfounded. By analyzing and comparing the average annual earnings for individuals with university degrees, college diplomas, and trade certificates, and weighing them against individuals who had attained only high school educations, Boothby and Drewes concluded that the earnings premium between 1980 and 2005 rose for individuals with...The end:
.....s that may be put on it through a basic supply and demand theory. The value of post secondary education as measured from a rate of return based on earnings would certainly decrease if the demand for skilled workers in the job market decreased. Thus, Boothby and Drewes’ (2010) conclusions are certainly valid looking backward for the 1980-2005 time frame, it is difficult to predict the future value of a post secondary education without knowing what economic factors and conditions will be faced by the graduates of universities, colleges and trade programs when they enter the job market. Reference Boothby, D. & Drewes, T. (2010, Aug. 24). The payoff: returns to university, college and trades education in Canada. Toronto: C.D. Howe Institue.