Earnings and Level of Education
Nearly everybody has heard from one place or another that income and college education are unequivocally correlated. If you are like many of them, you could be pondering how strongly related they truly are. Those who are just about to make the choice whether to go to college or enter the work force with no college degree need merely to look to new research by the Bureau of Labor statistics (www.Bls.Gov) to discover the answer.
The Bureau reports a huge amount of data on the details of America’s work force on the Internet. One of those web pages has a graph of median weekly salary for several levels of education. Here is the review.
For women, 25 years old and over:
High school dropouts–around $250 to $650 High school graduates—around $300 to $1,000 Bachelor’s degree–around $475 to $1,800 Advanced degree–around $600 to $2,100
For men, 25 years old and over:
High school dropouts–around $300 to $900 High school graduates—around $400 to $1,300 Bachelor’s degree–around $600 to $2,500 Advanced degree–around $700 to $3,400
This data comes from the Bureau’s Current Population Survey. You can get a link to this research study on the web page with the wages data.
You will see the difference between a high school dropout and a person with a graduate degree is very big. At the same time, the difference between a high school diploma holder and advanced degree holder is practically as significant! It is understandable from the data shown, which was obtained directly from the American work force, that college degrees have an important role in how much money you can earn as soon as you graduate and start your career.
Even if you are not straight out of high school and presently working, you can earn a college degree! Find out how online education can help you get your degree and obtain that ideal job.
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