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> there's a clear positive correlation between education and wealth I'm not seeing it. There is very little variance except on the lowest rungs: <20K 5
by randomdata 13y ago
> there's a clear positive correlation between education and wealth
I'm not seeing it. There is very little variance except on the lowest rungs:
<20K 5%
20-29K 8%
30-39K 11%
40-49K 14%
50-74K 18%
75-99K 22%
100-149K 25%
150-249K 25%
250-499K 24%
500K+ 23%
And we can derive from other data that people with the lowest incomes tend to be people just entering the workforce. i.e. someone straight out of high school might work a low paying job to gain experience in the field instead of furthering education. By the time his peers are graduating, the gap narrows considerably.
If bachelor's degrees and incomes had a significant correlation, you would expect a considerable increase in each income bracket like you see for the postgraduates, not just a few percentage points between them.
The only interesting correlation is with those who have post-graduate educations, but that was never disputed. It was the argument all along.
- timr 13y agoThere's a positive correlation between those data series. If you use the original data, instead of subtracting the columns (arbitrarily), the correlation is stronger. For both columns. But hey, you keep arguing with facts. I have better things to do.