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> which is easily negated by the college wage premium We once thought there would be such premium. Wages held stagnant as people started going to college, thou

> which is easily negated by the college wage premium We once thought there would be such premium. Wages held stagnant as people started going to college, though, and have continued to.

edmundsauto 3y ago
I think this refers to the fact that college graduates make something like $1M more over their working life than non-college graduates.
- randomdata 3y ago
  While that may be true, you are not comparing like people. I'm sure anyone here, even if they dropped out of high school, can make $1M+ more in their career than someone with a crippling mental disability. The latter of which being much less likely to be college gradates, making any comparisons meaningless. If what you are trying to say is that college filters out those who are not well suited to high level careers, there is no doubt truth to that, but that is not the same as a premium. It is not like college can cure someone's disability. The same person sees no change, statistically.
  - paulpauper 3y ago
    Let us assume someone has a choice of job right out of high school or college. The first earns more money initially but college wins out. Also, the high school grad has a much higher unemployment rate, which somewhat negates this head start.
    - randomdata 3y ago
      Yes, the down syndrome kids may find a job, but for same reason they struggled to go far in school, they will also struggle to go far in the workplace. This isn't surprising. But it is faulty to think that going to college will cure what ails them. Statistically, most people who are capable of graduating from college do. Everyone capable of graduating from high school does. Those who fall short, so to speak, were held back due to limitations of themselves. The same limitations that hold them back throughout life. As before, incomes have held stagnant. There is no premium. If you're born a top performer, it doesn't really matter what exactly you do – the numbers show that you have always been a top earner. College didn't change that. If you're born with down syndrome, it again doesn't matter what you do – the numbers show that you have always been a bottom earner.
- paulpauper 3y ago
  yeah and for some reason this is still a controversial statement. it's just the data that goes as far back as decades tracked over many colleges and majors. the gap has only grown wider in recent years. when one factors in compounded returns from investments like stocks and homeownership, it is even greater.

> which is easily negated by the college wage premium We once thought there would be such premium. Wages held stagnant as people started going to college, though, and have continued to.

edmundsauto 3y ago

I think this refers to the fact that college graduates make something like $1M more over their working life than non-college graduates.

randomdata 3y ago
While that may be true, you are not comparing like people. I'm sure anyone here, even if they dropped out of high school, can make $1M+ more in their career than someone with a crippling mental disability. The latter of which being much less likely to be college gradates, making any comparisons meaningless. If what you are trying to say is that college filters out those who are not well suited to high level careers, there is no doubt truth to that, but that is not the same as a premium. It is not like college can cure someone's disability. The same person sees no change, statistically.
- paulpauper 3y ago
  Let us assume someone has a choice of job right out of high school or college. The first earns more money initially but college wins out. Also, the high school grad has a much higher unemployment rate, which somewhat negates this head start.
  - randomdata 3y ago
    Yes, the down syndrome kids may find a job, but for same reason they struggled to go far in school, they will also struggle to go far in the workplace. This isn't surprising. But it is faulty to think that going to college will cure what ails them. Statistically, most people who are capable of graduating from college do. Everyone capable of graduating from high school does. Those who fall short, so to speak, were held back due to limitations of themselves. The same limitations that hold them back throughout life. As before, incomes have held stagnant. There is no premium. If you're born a top performer, it doesn't really matter what exactly you do – the numbers show that you have always been a top earner. College didn't change that. If you're born with down syndrome, it again doesn't matter what you do – the numbers show that you have always been a bottom earner.
paulpauper 3y ago
yeah and for some reason this is still a controversial statement. it's just the data that goes as far back as decades tracked over many colleges and majors. the gap has only grown wider in recent years. when one factors in compounded returns from investments like stocks and homeownership, it is even greater.