Does The Level Of Education You Receive Affect The Amount Of Income You Will Earn? Essay

The higher a degree one has the more money they make. As one’s degree goes up, as does their earning gap. “...individuals with a four-year college degree earned about 43% more on average than those with only a high school degree...” (FRBSF Economic letter). The more education you have the more money you make. If you have only a high school diploma then you will make significantly less. College is an investment and it pays itself back the farther you get in the working world. “...the difference between earnings continues such that the average college graduate earns over $800,000 more than the average high school graduate by retirement age...” It also drastically lowers the rate of unemployment, ” (FRBSF Economic letter). You are earning close to a million dollars more than you would otherwise with a degree. Making money is key in survival, this day and age. The more money, the more power, and success in the business world.

White is using good sources, that she is respected in her field, and that this is a timely article. What about the conclusion she draws? The data she uses appears incontrovertible. She uses two graphs from the Georgetown study that are eye opening. The first, on rates of unemployment, shows that having a bachelor’s degree makes you less likely to be unemployed than all workers by two percent, and 4% less likely than a high school graduate with experience. The second graph, demonstrating earnings by education, vividly shows how much more you earn with more education. Recent college grads enter the market at slightly higher wages than experienced non-degree holders, but the experienced non-degree holders top out there, while the degree holders go up in yearly earnings with more education and experience (White). I can’t put it any better than Ms. White

Supporters of getting a college degree often point to the statistics that college graduates earn more than their high school educated peers over a lifetime. Statistics by the U.S. Census Bureau reports that since 1977, “Adults with bachelor's degrees in the late 1970s earned 55 percent more than adults who had not advanced beyond high school. That gap grew to 75 percent by 1990 -- and is now at 85 percent.” A gap of an 85% pay difference is a huge figure and a clear reason why college is a great option for some people. But there are problems with that figure because when the number of college graduates who are either unemployed or underemployed is taken into account it changes the value of the statistic. In an article by Businessweek’s Richard Vedder we get statistics to counter that argument. He tells of how the number of new college graduates far exceeds job growth in technical, managerial, and professional jobs where graduates traditionally have searched for employment. As a consequence, we have underemployed college graduates doing jobs historically performed by those with just a highschool education. He says we have “more than 100,000 janitors with

This week for PLN I read "Is College Worth It? Clearly, New Data Say" by David Leonhardt is about how college is worth it even with its cost. In the article, it describes how important a degree is. It said in the article that 98% of people with a degree made more money than people without a degree. There is nothing inevitable about this trend. If there were more college graduates the pay gap would shrink. The true cost of a degree is negative $500,000. The unemployment rate for 25 and 34 years old is 3%. That is from having a degree. The average hourly wage for a college graduates has risen 1% to 32.60.

Education starts in grade school and up. The more education you receive, the more money you may be able to earn. On average, a person with a four-year college degree earns more money as a person who graduated from high school but did not attend college. . By going to

A college education is proven to increase an individual 's earnings, however, women’s earnings are still not as much as men’s, even when they have the same degree (Patten, 2015).

Recent high school students are debating whether to or not attend college, should consider the benefits of attaining a college degree. For many low or middle income students, this a route to gain opportunities to improve their economic circumstances. An article, “Pathways to Prosperity,” states in 2008, workers with bachelor's degree make about 65 percent higher than high school graduates and workers with associate's degree make about 73 percent more than high school dropouts.. This is evidence obtaining a college degree can be an opportunity to have earnings higher and significantly increase one's income.

As it is heavily believed and statistically proved by Document A, Earnings and Unemployment Rates Based on Educational Attainments (2015), the higher the degree earned, the more money attained, similarly the higher the degree earned, the lower the unemployment rate. This proves the worth of college by giving numerical comparisons of those who invested in it verses those who didn’t. The median weekly earnings of $1,730 from someone with a professional degree put up against the $678 from someone who only graduated from high school shows a very obvious difference. This information greatly supports the decision of going to college by displaying the “in the long run” advantage of college through the amount of money you can make in the future with the degree you earn

Many college students choose to also get more than one degree while attending college to earn more income and further their education. College graduates have the choice of get higher level degrees and training resulting in earn even more income based on the different higher level degrees earned and training received (this means the more degrees and training you have the more income you may receive). People with higher level degrees and training earn more money that those without degrees. In 1996, for example, workers with bachelor's degrees had median annual earnings of about $36,000, while college graduates with more advanced degrees earned around $40,000 (Mittelhauser 3). This is a four-thousand dollar difference in income; this is only one of several examples of how people who graduate college make more money than the average high school graduate and that of people with lower-level degrees. The median annual wage for a bachelor’s degree in 2010 was $63,430. While the median annual wage for a person with a doctoral or professional degree in 2010 was $87,500 ("Employment by Education and Training Assignment, 2010 and Projected 2020"). This is almost a twenty-four thousand difference income just based off of median annual wage of different degrees. The income difference from college graduates than to those of high school graduates is great. College graduates are getting better wages and job openings than those of high school graduates (“President’s Perspective:

People with a college degree earn more money over the course of their lives than people without one. Andrew Delbanco states that “ There is abundant evidence

What is education? According to Webster’s Dictionary education is defined as, (noun) 1: the action or process of being educating or of being educated, 2: the field of study that deals mainly with methods of teaching and learning in schools. What does education provide for us? How important is education in today’s society?

Education and wealth have a big impact on income inequality. Education and wealth go hand in hand when talking about income inequality. When a family is more wealthy, they can afford a better education. One article from ACE states that “currently in America, getting a postsecondary degree—in particular a bachelor’s degree—generally results in higher incomes, greater job choice, satisfaction, and security, as well as other outcomes considered good for our society, such as voting and community service.” This is important because if

Do we really need a college degree to be a successful human? Is a high school diploma good enough to live a great life? Does working at a fast food franchise such as Mcdonald 's appeal to you? Do you want to work a nine dollar wage job for the rest of your life? Working a nine hour job, whereas you can be earning forty dollars an hour seem fair? I strongly consider that having a college degree is well accepted and needed to be a successful person in todays society. I will illustrate you points that will help you answer the questions asked. Starting from, minimum wage comparison, unemployment rates between a college degree and a high school diploma only, the unemployment rate, and yearly income on both.

Going to college can help with future earning and how well someone can support themselves or themselves and their family. Going to college can help with earning because the more education someone has, the higher the chance of getting a good and well paying job and the amount of earning can help with financially supporting a family. Getting a job for someone with a less than average education can be hard because of paying bills and supporting themselves by living paycheck to paycheck lifestyle. According to the BLS data chart, someone with less qualification than a high school diploma has the median weekly earnings of $472, as compared to a person with a doctorate or doctoral degree, who would have the median weekly earning of $1,623 (“Education

Education is one of the most essential necessities of a personal life because without education, we would not have a brighter future. In two essays “Learning to Read and Write” and “A Homemade Education”, Malcolm and Douglass describe what they have gone through in order to become more successful in their pursuits in life. While Malcolm X lived part of his life in prison, he spent his time writing numerous definitions from a dictionary amongst the walls and tables. The elements of the dictionary motivated him to not only become a free man, but a well educated one at that. Douglass, who also taught himself, began his life in slavery. But after a series of attempts, he escapes from slavery and pursues into his