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According to [1], 93% of small business owners earn roughly less than $200,000. and 74% earn less than 100K. Business owners are 10% of the working population,
by ippisl 14y ago
According to [1], 93% of small business owners earn roughly less than $200,000. and 74% earn less than 100K.
Business owners are 10% of the working population, so only 2.6% percent of the working population earn more than $100,000 by owning a business.
And considering the fact that many wealthy business owners do have a degree(lawyers, dentists, etc.), college seems the more scalable way to wealth.
And even if you consider high end of earners , many of the high earners(ceo's, tech entrepreneurs, medical and legal professionals) do have a college degree.
[1]www.fas.org/sgp/crs/misc/R42043.pdf pg-8
- randomdata 14y agoBusiness owners, like the general working population, are a mixed pool of those with degrees and those without. Given how many business owners earn less than $100K, including those with degrees, it further highlights my point that having a degree doesn't really give an advantage to finding financial success. > (lawyers, dentists, etc.), college seems the more scalable way to wealth. Less than 1% of the population have professional degrees. Those with them may have an advantage due to the artificial supply limits created through legislation, but the fact their numbers are so low demonstrates again that it really doesn't scale.
- carterschonwald 14y agoFalse. There's a glut of lawyers. For the good paying legal jobs, it's insanely competitive. By that I mean "oh crap, you better be at least borderline brilliant and incredibly hard working"
- carterschonwald 14y agoFalse. There's a glut of lawyers. For the good paying legal jobs, it's insanely competitive. By that I mean "oh crap, you better be at least borderline brilliant and incredibly hard working"