Having a degree and making money has no correlation in this country.. It’s mofos with PHD’s out there working in a supermarket
It's on average, you do better than a non-degree haver. But wages are not growing in rate compared to expenses, so you can choose between
Lowerpay & no debt
OR
Slightly higher pay or a chance of very high pay and a lot of debt.
Jobs that are around higher pay is Tech, and currently with a lot of effort & luck, you can get it.
There's a very, very strong correlation, and it's not just "slightly higher" pay either.
Is school worth the work? Find out what the data say.
www.bls.gov
Earnings and unemployment rates by educational attainment, 2020
Educational attainment | Median usual weekly earnings | Unemployment rate |
---|
Doctoral degree | $1,885 | 2.5% |
---|
Professional degree | 1,893 | 3.1 |
---|
Master's degree | 1,545 | 4.1 |
---|
Bachelor's degree | 1,305 | 5.5 |
---|
Associate degree | 938 | 7.1 |
---|
Some college, no degree | 877 | 8.3 |
---|
High school diploma, no college | 781 | 9.0 |
---|
Less than a high school diploma | 619 | 11.7 |
---|
Converting it to annual salary:
PhD median: $98,000
Professional median: $98,000
Master's median: $80,000
Bachelor's median: $68,000
Associate median: $49,000
Some college no degree: $46,000
High school diploma median: $41,000
Less than diploma median: $32,000
Pulling a few out for emphasis:
Diploma:
$41,000
Bachelor's degree:
$68,000
Professional or PhD:
$98,000
That's a huge correlation. Bachelor's degree median don't make just a little bit more than high school diploma, it makes 65% more. And you can't blame that all on STEM because those are median numbers, not averages, and less than 1 in 5 degrees is a STEM degree. So those are regular-ass B.A.'s pulling $68,000 or more in large numbers.
Of course I'm not saying that college is always the ideal choice. Don't do a for-profit or online college, they're a fukking scam and employers barely give those degrees any credit at all (in hiring decisions they count for less than an associate's degree does). You probably shouldn't do college if you don't have some sort of clear plan to pay for it. And if you have a clear chosen career path that doesn't require college, then only go if you really thirst for the knowledge and experience, not cause you feel you have to.
But in general, on average, someone who goes to college is going to have a lot better life prospects than someone who does not. And that's not just career pay, there are a lot more benefits besides (meeting new people, meeting future spouses, exposed to other ways of thinking, and actually learning shyt).