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That is current averages ie. historical data. What it says is that somebody who got a medical/law degree 20-30 years ago, did very well over the last 20-30 yea
by nobody314159265 15y ago
That is current averages ie. historical data.
What it says is that somebody who got a medical/law degree 20-30 years ago, did very well over the last 20-30 years.
It says nothing about whether somebody leaving school today will do better in 20-30 years having spent 10x as much as their parents generation on college - rather than becoming a plumber or electrician or founding a startup
- nobody314159265 15y agoAnd it's even worse than that - 20/30 years ago most of those none law/medicine degrees would have got somebody a VP type job. Now a non-professional degree gets you an entry level secretary job. If you compare the lifetime earnings of a rare graduate 30years ago with those of a new 'social studies' type grad today it will be a lot worse