Final answer:
The statement suggests that having a degree leads to a good job, whereas not having one results in a less favorable job, which reflects a binary outlook on the impact of a degree on employment.
Step-by-step explanation:
The statement implies that there are only two outcomes related to having a degree, suggesting a binary perspective on the job market based on educational attainment. This view posits that having a degree either leads to a good job or, conversely, not having a degree results in a less desirable employment situation. Davis and Moore observed that the degree of skill required for a job determines its importance and consequently, the scarcity of qualified individuals. In today's economy, most jobs require at least some post-secondary education, indicating that the value of higher education has increased due to the decreased value of a high school diploma alone. Scarcity and choices about education can be influenced by resource limitations, low incomes, or high-cost barriers, impacting whether individuals pursue higher education.