Can Education Reduce Stagnate Income
|
Can Education Reduce Stagnate Income |
|
|
|
|
Q1 Bachelor's Degrees Make a Poor Economic Investment In 2024, Q1 Earned < $40,000, About the Median HS Graduate
Expected 5-year Earning Growth
|
|
|
Supply of College Graduates Exceeds Demand
American colleges push out graduates even though supply was outstripping demand and fewer young people were benefiting financially from attending college. Only 27% of jobs need formal education beyond HS (chart). "In October 2014, 68.4 percent of 2014 high school graduates were enrolled in colleges or universities, the U.S. Bureau of Labor Statistics reported..." Basic economic theory indicates the 14 percentage point in oversupply should cause a drop in wages. Editors Note: Visits to a few Community College revealed many are enrolled to collect Pell Grants for spending money. Source See Is Financial Aid Welfare? And the Answer Is?
Other Education Stuff
Educating the Class of 2034
&
Education as Welfare
may help with your answer.
The More Relevant Questions is
How much should I sacrifice to invest in college?
See
Career Options,
Career Information,
Two National Surveys of Adult Literacy in the 1980's show indicates the same results only they measured literacy not income
|
|
Result, Wages Down for All But the Best and Brightest
|
Companies
figured out that in one department there were stars worth a lot more
than the average Joe. These companies looked for stars and paid them
bigger dollars. In finance, high tech, and management the
spread began to widen between those in the middle and the STARS. "In 2011, the top 30 percent of earners with a high-school degree earned more than what 50 percent of workers with an Associate’s degree earned. This same top-earning group of high-school-degree workers also made more than a quarter of workers with bachelor’s degrees. We find that higher-paid high-school-degreed workers are represented more heavily in occupations that require technical post-secondary education attainable through certificates or apprenticeships." clevelandfed.org See Economics of College Education |
 |
Even Stem Jobs are
Scarce Thanks to Bureau of Labor Statistics reports "Unemployment rates within STEM fields…are often higher than they’ve been in years—a sign that there is a shortage of jobs, not workers."—Michael Anft2 But "Last month, a landmark immigration reform bill was introduced in the U.S. Senate that has the potential to both increase the number of available H-1B visas for foreigners working in specialty occupations and shift the U.S. employment-based visa system to a more merit-based scheme favoring science, technology, engineering, and mathematics (STEM) workers. Editors Note: Bill Gates has been at the forefront of more H-B1 visas so it's the BLS vs. a retired Oligarch! Source
|
