This blog is for discussing issues in our complex global economy.
Wow! If see these statistics doesn’t keep you motivated to stay in school or even continue after undergraduate school i am not sure what will. It is good to note how much of a gap there is between Median Annual Earnings and unemployment rate once a person gets at least an associates degree or better. It is also good to not that the unemployment rate is actually lower from a professional degree than doctorate degree even though a doctorate degree pays more. The only down fall is even though this might motivate you to continue after reaching a bachelor’s degree it just depends on how much “schooling” you can take mentally.
These statistics are surprising in the way that it puts it in a clear picture for everyone to see. The level of unemployment in contrast with that of a person that got a high school diploma is scary to me. Since both levels are the same, would it mean that there is a 50% chance for those in the workforce with only a high school diploma to be laid off? If that is apparent, then there is no better proof than these statistics. The realization of the employment rate at different levels of education should be enough proof for those that don’t believe in a higher education to rethink their logic. Once again, for those that don’t like school, its time to become its best friend.
I’ve seen these statistics throughout my academic career and it still motivates me to this day. However, while taking a closer look at the chart, I was surprised to see that the unemployment rate increases a tiny bit from a professional degree to a doctorate degree. I wonder why this is so. Overall, it’s a great visual for students and inspire them to capture their potential. Lastly, the increase of salary and the decrease of unemployment as the academic degree increases is not surprising.
I believe these statistics should be posted in high schools, community colleges, and colleges. It is pretty easy to see and understand, and I think would get across to many people. Unfortunately, there are going to be people who don’t finish school, or don’t get degrees, and it is what it is.
It is interesting that a doctorate degree will only get you a small bump in salary, however I believe this is for a professional/business doctorate, rather than a practicing doctor.
I absolutely agree with Logan’s comment that these statistics should be posted in high schools, community colleges, and colleges. Even in middle schools and elementary schools. I know there are many middle and high school students out there that aren’t encouraged to go to college and its importance and rewards are not emphasized. My sister just entered her first year of middle school. When I asked her if her teachers talk to her and her classmates about college and why it is important to go she said “no, not really. They tell us we should go, that we need good grades to go, but that’s about it!” She didn’t really understand why I spend so much time on homework and studying…it makes sense now…it’s because she hasn’t been told what the rewards and benefits of going to college are! I will definitely be showing her these statistics, but along with that I will have to show her the average cost of living, the cost of buying a home, buying a car, etc. so that she really understands.
Indeed the numbers represent a great investment to achieve a better education. This should be used to get students motivated to go into college right after high school. I waited 3 years after high school to start taking classes again, for this I traveled and had a nice few years off but only to realize I should have at least taken some classes in the meantime. I wish they could do a chart like this to breakdown the monthly aspects of each educational step to represent spending as far as housing, cars, bills, ect…
Yes, statistics should be posted in all types of schools across the united states. I remember that i never got talked to in school about college or the importance behind going to school to further succeed in life. I was told by my parents and family and friends to go to school but not teachers or academic advisors until high school. I feel now that i am in school if i were to know these statistics it would of helped extremely.
I agree with all the rest of the comments; that more statistics should be posted up in colleges but also in high schools too. I do not think our generation completely knows the benefits of higher education. Posters should be put up in the school buildings to let the students know what could statistically happen in their future. I bet a lot of adults now wish they would have known these numbers. I am a little surprised that a Professional Degree has smaller percentage of unemployment than a Doctorate Degree. But students need to know that just getting a high school degree in general is just not going to cut it in our society any more. Most students just think we go to school to get smarter which is true, but it is always for our future security.
I think if more people were able to see these statistics, more of them would continue in their education! This is really encouraging to stay in school, even though classes and financial issues can be stressful. In the end, it not only pays, but keeps you with a steady job!
It’s such an important thing for people to understand that not only a higher salary comes with higher education, but being also the privilege of not having to worry so much about losing your job. This is such a huge advantage, especially during times of a country-wide economic crises.
Statistics don’t lie. Even if you change careers at some point in your life, a degree of any kind goes further to enhance your resume. More education is better than not enough. The earning potential is enough to keep people in school even if there is an initial outlay of money to get the education. Also, the connections you make help in the job market later. I think the biggest problem is that high schools now seem to not push for higher education as they did in the past, but this could be because of the economy in it’s present state.
Such an eye-opener! At first glance, 9% unemployment for someone with no HS diploma versus 2% unemployment for someone with a doctorate may not seem like much difference. But when you take a look at the average salaries that they make, and it is really no contest. Roughly $22 grand versus over $80 grand. Hmmm, let me think, should I stay in school or settle for HS diploma money? School sounds just a little more promising.
My reasoning exactly for continuing with college. Most of my family only had some college, never received a degree and my whole childhood we struggled financially because of it. I hope to change things for myself by getting a degree. A lot of obstacles are being met along the way like fee hikes and the threat of losing the Cal grant. I think statistics like these, that are clear and easy to understand are an excellent way of reaching out to people. Posters like these should be posted in all schools, even middle schools. I feel like middle school students, probably even elementary students are competent enough to see and understand what these statistics mean.
These statistics was a great eye-opener. You really see what you can do with an high education and how much money in the end you make compared to a high school graduate. I agree with everyone who said that these statistics should be posted all over high schools and colleges. It should motivate a lot more students to stay in school and move on to a higher education. We are still going to have those that don’t finish school or go on to get a degree, but we can limit the amount of people.
this statistic is the reason of why I’m going to school. The more educated your are the more chances to have a higher paycheck and less chances to be part of the unemployment rate. Of course, that doesn’t guaranty you won’t even be unemployed especially during tough economic times. Young students should take this statistic into consideration when they are debating between going to college after graduating form high school or going to work.
These statistics are not only alarming, but very informative. Its amazing to see how much more money one can make if they would just stay in school. Its too bad many people don’t realize this at a younger age because staying in school for extra 4 years is totally worth making triple the amount you would make with a HS diploma. It also shows that our society is wanting a higher degree than a BS which is too bad because in the “real world” or work force, not many companies will actually use the facts and all the little information we learn in school. They will just train you and if you pick it up quickly then fantastic, but if not then not so great. But in the end a college degree is worth the extra time in school. ugh!
It is shocking that the unemployment rate of people with less than high school education is 9.0%, much higher than the one of people with doctorate degree. interestingly the unemployment rate of people with doctorate degree is a little higher by 0.3% than the one of people with professional degree but annual earnings generally increase according to the number of academic schools you finish.
these statistics are not very surprising. Obviously with a higher education you will get a better job and make more money. I agree with those who said to put this stats in high schools and colleges to motivate students. Some students would take these very seriously and it would really help them. At the same time though, some students just may not be cut out for that much schooling. They may get warn out. I feel that as long as you are happy and making a decent living getting a ton of advanced degrees may not be necessary.
These statistics are a real inspiration for me to continue in school despite how hard school can be. It seems now a days to be hired one needs a higher education and just a AA or high school diploma will not cut it. We need to always be reminded of this and remember that our hard work now will pay off.
These statistics are good but don’t tell the whole truth. The cost of moving up the education ladder, gets greater and greater. Education is costly, what do people give up to tend colleges time, and money. That is why I would like to see the annual income for the parents of the college kids. How many poor kids, get a chance to move on to college. A poor kid only has a couple of chance and one chance is sports but other than that its a slim chance in hell. That’s why rich stay rich!
Well these facts about income and unemployment rates of people with a variety of degrees are interesting. I would say there are several other gains to exercising your right to higher educational opportunities that aren’t represented in this diagram. One of the most important being quality of life and a form of enlightenment that can’t really be described in words, but life just becomes better.
This is a very interesting article to read and see all the statistics about how important it is to get that college degree. It’s hard in this day and age to stay focussed in school and see the importance of getting a good education because of all the education problems that surround institutions these days. It’s also tough when you are a student with a job that is raking in good money at the time. What should you really focus on when you have a chance to make money and school is just causing a block for that. What should we really do in this day and age when we have the chance to get financially ahead today or wait for the tough job world when we graduate? I guess every situation is different, but with the way the economy is going these days, maybe we should make the money while we can.
The point of the chart still holds, but looking at the numbers, it’s striking how much worse off we are now than in 2008. I just read a report from NACE showing that entry level salaries for college graduates have decreased another 1.7% to $47,673. If the data on this poster is accurate, only two years ago this was over $3000 higher. Of course we have the unemployment levels of the last year and a half to thank for the decline: when demand for jobs is high, salaries can inch downward.
As you’d expect, engineering majors are least affected and liberal arts majors most: 8.9 percent decrease from last year to a low of $33,540. Buck up, English majors. It can only get better!
The graph says it all. Go back to school! I can vouch for that. I started working at age 14. I worked many jobs and taught myself to be proficient in all those jobs but I too maxed out on my income level. I knew if I didn’t go back to school I would be not be able to earn past a certain level. I also had an incentive my children. Sometimes you can get by with your income but when you have children its a new ball game entirely. Their needs supersede your own. You quickly realized the income without an education is not going to cut the mustard. The graph really says it all without an education your earning potential will stagger.
This statistic is one of the reasons I’m staying strong in school. I know that once I get my degree that I will look back and see what I had to get it and be thankful I stayed in school. I don’t understand why people are dropping out left and right when the amount of money they could be getting with a degree is at least double what they are making. I believe that everyone should try their hardest to persevere through college. Your future self will be proud of the decision you made.
You see these statistics when you are in high school and college, and it isn’t until you get to the point in your life where you realize that money is something you truly need to work for that these numbers really hit home. The difference between no college degree and a doctorates, is almost astronomical, it truly makes me want to continue my education and make more money in the future.
This is insane. I went to a high school where the primary goal for the faculty was to get us to graduate and leave the school. College was never something that seemed important to any of the teachers, therefore students never thought about college. I was fortunate enough to have parents who pushed me to go to college to make a life for myself. These statistics only proved them right because of the huge difference it makes!
Like the others above me have stated, these statistics are very encouraging. I especially agree with the statement about actually enjoying your career once you have a degree. I would totally recommend taking the time to figure out what you want to do before you spend the crazy amount of money and time that it takes to graduate with a Bachelors degree or higher! It took me almost 10 years – (WOW, I feel old!) to figure out what I wanted to do with the rest of my life, but now I know once I do finish that I will be a million times happier actually working in a career I love rather than just surviving.
Of course there are many individuals my age who rush into going to college, many of whom never graduate and the others sometimes don’t even use their degrees. My best friend to this day wishes she wouldn’t have just “randomly chosen” a major. Think about how different our society would be if everyone loved what they did for a living. Wouldn’t it be nice?
I also think that this is the perfect time to go back to school. Sure the colleges are crowded and space in required courses are limited, but who cares if it takes a little extra time. Won’t the extra money you’ll be making and your overall happiness be worth it in the long run? I think so.
Yes it is the reality, but on the other hand, it is kind of sad that this capitalism has changed all these college education into another type of business.
Back then, finishing up college was what the society wanted, but now see, now there are degrees, MBA, and more stuff that society wants.
I disagree. I have a degree and I am getting paid around the amount a H.S. graduate is earning, according to this chart. A degree only proves that you are a dedicated individual. A degree from a pedigree university can get you a high paying job, which is the point the chart is trying to prove.
Ultimately, income comes down to performance, knowledge, and most importantly, the right attitude which consists of ambition, flexibility, positivity, and the ability to work with others.
Sorry to those who think a degree is all you need.
Seeing those statistics of how much more you can earn with each higher degree you get and the less chance you have of being unemployed makes you want to stay in school an get higher degrees for a better change at higher income and career. I also found it interesting that the unemployment rate went back up from a professional degree to a doctrine degree.
Hopefully people will see this and get motivated to go and get an education. While some may think its hard and they wont be able to do it id you try hard enough eventually you will get there it all depends on how much you want it and how hard you work. Its not going to jump right in front of you, you have to make an effort to go for it.
This article is really great and puts the reality of the job market into perspective. Many students can get discouraged in school and try to find an easy way out by doing a career that does not require a college degree. This chart shows the reality that high paying jobs almost always require a college degree. This encourages students to continue their efforts and inspires them to stay in school because a degree really does improve your future job status.
this stat shows me what i must do in order to be successful. a college degree in and of itself is not enough any more. But with rising grad school costs and many kids never making it there, we see how equality is something very far off.
This is a wonderful inspiration for any student who’s having a hard time in school and on the verge to give up on school. It gives one the extra boost to be reminded that school will pay off no matter how long he or she is in school.
This is great inspiration for future generations to push themselves to be the best that they can be. It is going to get harder and harder for people to get jobs wil just the minimum requirements. People are always tryign to one up eachother on their qualifications and degrees. If we send these messages out to current generations and future generations, i feel that they will be encouraged to want to go to school and earn a degree. Most kids are driven by money, if you show them the dollar signs it will help drive the message home.
It is nice to know that I will be making more money over my lifetime because I go to college. But these are average statistics so I might make more or I might make less. Really it’s still a gamble, just with better odds. Looking at the over $10,000 difference between bachelor’s and master’s degrees I might consider more seriously going to grad school; I really saw no point to it before. I do think it’s a bit sad though that school has become so important to getting a decent job. I bet there’s a lot of good applicants who get turned down because their educational history is not so good. I guess that’s why the interview process is so important to hiring new workers.
It is very good to get a college degree. Studies show that students with a college degree versus a high school diploma, a college degree earns much more money. It is also much easier to get a job with a college degree, which is much needed now a days because there are so few jobs out there.
Personally, I don’t go to college in hopes of gaining a higher income when I get a job. However, if you aspire for a great family life once earned all that large sum of money, then be my guest. Just remember what YOU want.
Today, the way that our economy is, anyone who has a job is consiered lucky. A little bit ago a college degree was needed for a good and secure job, now it can get you ahead in retail. However, I still think it is important to get a college degree because it is so much more than just an education and piece of paper. Its the whole college experence, living alone and becoming more independent. Also, you learn things like how to work well with others and other tools that can help you with our future.
I agree with this article. We all know by now that a college degree will earn you a higher income. However, what’s more important is that it gives you the opportunity to earn that money in a career you enjoy. I’m sure everyone would love to work in a field they enjoy and earning a good income at the same time.
These statistics are very eye opening and make me realize how thankful i am to already be in college and driven to graduate. Having a college degree can open up so many doors in the world. It also allows you to decide what you want to do for you profession. Being in school and getting a education is what makes money.
It has always been known that going to school to earn a degree will eventually lead you to earn a higher income. These statistics are from 2008 and I wonder if they still hold true today. If definitely makes me want to stay in school so I can have a chance at a job I enjoy, and be on the pay level where there is less unemployment.
I think this is a really good article to show high school students that get bad grades and do not care about the future. It shows that in today’s world a college degree is crucial to have in today world especially during this recession. I feel like in years to come, that a bachelors degree will be the new masters degree because our generation will push our kids to go to college. I am fortunate that I will get a bachelors degree because you get $20,000 more in annual earnings than just a high school diploma. They should start talking about this early in the high school years because in the end it could be life changing for the unmotivated people.
it feels good to know these statistics because it means that i am on the right track in life. the fact that as the degrees start pilling on the more money one makes is a given. but i had no idea that unemployment had an opposite reaction, with it going down with the more money you earn. the startling 9 percent unemployment at the high school drop out level is what really got my attention here, all the more reason to stay in school.
This graph shows exactly why one should stay in school. More schooling means more money, but more school also means means more money to pay. If you can afford it, it is a good idea to go college, and even if you can’t, take out a loan and pay it off after you get a better paying job. Education is an investment, and you can never lose it. I find it interesting that the unemployment rate of a doctorate degree is more than that of the professional degree by .3%, maybe it has to do with a fewer number of people in those professions, so the rate is higher.
These numbers do not surprise me one bit. Those who put the time and effort into their education should be payed and benefited the most. Those who are decide that their education is a priority understand that knowledge only increases one’s ability. This allows one to understand just how to prosper most in the business world. This is why education should be at the forefront of anyone not just for the money, but for the fact knowledge can never be taken away from you.
The thing about this is money talks, everyone wants money, that’s why this poster has such an impact. it shows graphically the difference in the amount of income received at different levels of education and it really makes you appreciate education and how lucky we are to be able to get an education. but all in all if you put in the hard work in and grind through college you’ll be rewarded so the opportunity cost is definitely worth it in the long run.
This just proves why education is so important. You put in the time and effort and you will get rewarded. If you don’t then you will have to pay. This will defintly make more peopel want to stay in school and persure their education. Also it shows that if you stay in school you will have a better chance of getting a job. A higher degree will put you ahead of everybody else.
These statistics should be posted around schools all over the country informing students the importance of education. They are inspirational to stay in school despite the difficulty because these days job applicants who can say they have a bachelors degree or masters have an obvious advantage over those with just a AA or high school diploma.
Employment and high pay are surely important reasons to get higher education, but are they all when it comes down to getting education? Higher education does not just teach how to make goods and services, but ways to nurture our intellectual capacity and develop fresh and critical perspectives on how to live a better life. In fact, we should take a step back and realize that these stats can encourage us to get education only so far as to get more secure jobs and higher paychecks. We all know that is not all what education brings to us.
I really agree with this article, education is really important. Having a higher level of education means having higher pay. After all, that’s why most of us decided to go to college right? The statistics in this article really motivates people to continue with their education.
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