According to the Australian Bureau of Statistics article "Australian Social Trends", education plays a crucial role in securing desirable employment opportunities in Australia. Completing year 12 is emphasized as essential for individuals to acquire the required skills and knowledge, leading to the growth of a skilled workforce, improved living conditions, and economic development. The Organization for Economic also supports this viewpoint.
According to the Organisation for Economic Cooperation and Development, having a higher education in Australia increases employment rates. People with a university education have an 84% employment rate, whereas those without year 12 education only have a 59% rate. Moreover, education plays a vital role in promoting responsible behavior and understanding proper conduct. By acquiring more knowledge through education, we enhance our capability to provide support for ourselves and our families.
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Obtaining a university degree signifies dedication and determination, enhancing the likelihood of advancement and positive transformations in individuals and society. The COED Better Life Index highlights the importance of an educated populace for a country's social and economic welfare. Australia's recognition of education as a key factor in success is commendable, evident in its societal structure. Additionally, education opens doors to higher income prospects in the job market.
A survey conducted by HILLS in Australia in 2010 revealed that education has a substantial influence on success, specifically concerning financial well-being. The survey discovered that individuals with higher education degrees witnessed their income rise by around 22.8% over the last ten years. Conversely, those who finished only year 9 or below encountered a minimal increase of merely 0.7% in their earnings. As a result, education plays a vital part in determining both career
achievements and earning potential.
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