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Based on the Bureau of Labor Statistics 2010 data[1] the average college graduate has nearly double the weekly wages of someone with only a hs diploma ($1038 vs
by Homunculiheaded 15y ago
Based on the Bureau of Labor Statistics 2010 data[1] the average college graduate has nearly double the weekly wages of someone with only a hs diploma ($1038 vs $626/week) and is nearly half as likely to be unemployed (5.4% vs 9.2%)
So I think it's a bit unfair to say that this is merely a 'cultural belief'. Do you have any data to support that dramatically improved salary and employment rate is just a myth?
I do agree with the points on students loans, but I just hear way too often how "college isn't worth it" without any data to back this up what-so-ever
[1] http://www.bls.gov/emp/ep_chart_001.htm http://www.bls.gov/emp/ep_chart_001.htm
- curt 15y agoYou have no control group so the $1038 vs $626 or unemployment numbers are meaningless. The top would natural succeed even without going to college, you can't tell how much value it actually adds.
- deleted 15y ago[deleted]
- ellyagg 15y agoI can assure you there are correlation/causation issues with those stats. I come from a demographic and gene pool of people likely to hold degrees--aside from me everyone in my 6 person family has at least a bachelors and my girlfriend has a masters. However, despite no degree, I had no trouble obtaining a lucrative career as a developer.
- bluehavana 15y agoI'd be way more interested in those statistics over time? A degree has mostly always meant more money/better job eligibility, but is that now a smaller gap compared to years past.