4 ms·
Aren't you contradicting yourself somewhat here? The alternate universe version of you wouldn't have the same job - as you say in paragraph 1 you'd work somewhe
by esotericn 7y ago
Aren't you contradicting yourself somewhat here? The alternate universe version of you wouldn't have the same job - as you say in paragraph 1 you'd work somewhere else.
People on here earn top percentile salaries which warp the calculus, myself included, but $50K is approximately one year of the UK median income (I imagine the US figure is similar).
I'd be worried about making back hundreds of thousands in a low paid field. But a 50K degree in a well paid field is a no brainer to me.
Earnings increases are cumulative. I'm almost certainly 200% over what I'd have without my undergrad, and not just due to the piece of paper.
- incone123 7y agoUK median income in 2018 was GBP 28,400 which is at today's rate about USD 36,600. I don't see why you made the comparison though? The person deciding to start a 4 year degree can't assume they personally have an opportunity cost of 4*annual median earnings.
- esotericn 7y agoMy claim is roughly that making back ~1 median wage is not a high bar to meet. Over a working career I'd consider it below the error margin; it's 2-3% of lifetime earnings if you only earn median. Like, flubbing a single negotiation on any job could have a higher impact than that over the rest of your career.