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Is College Worth It? Clearly Yes, New Data Say
New York ^ | 05/27/2014 | David Leonhardt

Posted on 05/27/2014 6:40:14 AM PDT by SeekAndFind

Some newly minted college graduates struggle to find work. Others accept jobs for which they feel overqualified. Student debt, meanwhile, has topped $1 trillion.

It’s enough to create a wave of questions about whether a college education is still worth it.

A new set of income statistics answers those questions quite clearly: Yes, college is worth it, and it’s not even close. For all the struggles that many young college graduates face, a four-year degree has probably never been more valuable.

The pay gap between college graduates and everyone else reached a record high last year, according to the new data, which is based on an analysis of Labor Department statistics by the Economic Policy Institute in Washington. Americans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree. That’s up from 89 percent five years earlier, 85 percent a decade earlier and 64 percent in the early 1980s.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Education; Society
KEYWORDS: college; jobs
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1 posted on 05/27/2014 6:40:14 AM PDT by SeekAndFind
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To: SeekAndFind
Is College Worth It? Clearly Yes, New Data Say

Besides, it keeps countless college students off the unemployment rolls and makes Hussein's [FAKE] stats look better.

2 posted on 05/27/2014 6:42:14 AM PDT by The Sons of Liberty ("Our brethren are already in the field! Why stand we here idle?" - Patrick Henry, 1775)
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To: SeekAndFind
Americans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree.

"Made" 98% more. And went 100k+ into debt. What does that work out to?

3 posted on 05/27/2014 6:43:07 AM PDT by Claud
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To: SeekAndFind

I think it is worth it if you don’t go to trade school, open your own business or join the military. If you try to work with just a high school diploma, I think the road you have will be much harder than someone with a degree. Again unless you want to be a Professor or only want a Bachelors, stay way from the psychology, sociology, woman’s studies, etc. degrees.


4 posted on 05/27/2014 6:44:08 AM PDT by napscoordinator (Governor Scott Walker 2016 for the future of the country!)
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To: SeekAndFind

Only because a USA college degree is worth a little more than a high school diploma was 50 years ago.


5 posted on 05/27/2014 6:46:36 AM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: SeekAndFind

Is college worth it? How many of this year’s college graduates had a job waiting for them that’s not at a Starbucks, Target, or at other retail outlets.


6 posted on 05/27/2014 6:49:54 AM PDT by dowcaet
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To: SeekAndFind
" a four-year degree has probably never been more valuable"

Maybe in monetary value, but college students are more likely to receive an indoctrination than an education in 21st century America.

7 posted on 05/27/2014 6:50:39 AM PDT by Savage Beast (Hubris and denial overwhelm Western Civilization. Nemesis and tragedy always follow.)
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To: SeekAndFind

Study sponsored by the American university system?


8 posted on 05/27/2014 6:51:57 AM PDT by VanDeKoik
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To: Claud
"Made" 98% more. And went 100k+ into debt. What does that work out to?

Great point. And that borrowed money goes into whose pocket? The push for a college degree is a money making scam. This article further perpetuates that scam. I don't believe the 98% figure either.

9 posted on 05/27/2014 6:52:31 AM PDT by Right Brother
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To: dowcaet
Unemployment rates for those with a college degree and those without:


10 posted on 05/27/2014 6:52:43 AM PDT by Wyatt's Torch
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To: SeekAndFind

NYT? Sorry, not worth reading. Math is most definitely not the friend of any MSM jokester-journalist....as has been amply demonstrated by them buying the Obamadork collection O’Clowns’ claims on 1) the economy, 2) unemployment, 3) Obamacare, 4) the VA, 5) Benghazi, 6) the so-called melting in Antartica (when ice amounts are actually at record levels), and so on.

Ain’t buyin’ it, NYT. College is a reasonable gamble for techno-types, and not a bad bet for those lib arts folks who actually studied something above third grade level. But, for the vast majority of the clowns emerging from our institutions of politically correct indoctrination, their borrowed money could just as well have been thrown into the street.


11 posted on 05/27/2014 6:52:59 AM PDT by Da Coyote
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To: SeekAndFind

This is the biggest load of s___t out there. The more I see, the more I am convinced that college isn’t worth it. It is completely overpriced and churns out kids who know nothing. Now going to the right college and taking the right major is definitely worth it. But simply “going to college”, taking a major that you really don’t understand and that is not marketable, and then drinking your way thoguth college, is pointless.


12 posted on 05/27/2014 7:01:01 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Claud
"Made" 98% more. And went 100k+ into debt. What does that work out to?

For a liberal arts degree? Sitting in mom's basement wearing onesies PJs, drinking hot chocolate and discussing getting health insurance.

13 posted on 05/27/2014 7:01:35 AM PDT by 17th Miss Regt
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To: SeekAndFind

High school grad choices:

A) Go to a trade school. Become a plumber. Make $30/hour and have a constant supply of work.

B) Go to college. Rack up $100K in debt. Receive liberal indoctrination. Try to fnd someone who will find use for your degree in Political Science. Become a US Senator for 3 weeks when you are nominated as the Democrat candidate for POTUS. Become POTUS.

See? The Obama “no experience needed” plan can work for everyone.


14 posted on 05/27/2014 7:03:48 AM PDT by kidd
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To: SeekAndFind

I went from working god awful hours in a bakery with split days off to doing engineering work in an office behind a computer Monday - Friday and weekends off. Sure, I’ve got student loans. But I also make more, own a house and actually have a life. My loans can be a drag sometimes, but they will eventually get paid off. And my life now is 10 times better than it was. But I also thought about where a good market was at and didn’t just go to college for the sake of it and waste a bunch of time and money.


15 posted on 05/27/2014 7:04:15 AM PDT by Durbin
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To: SeekAndFind

Because most employers have drunk the Kool-Aid and actually believe that colleges turn out fully prepared, plug-and-play employees requiring zero employer-paid cost for training.


16 posted on 05/27/2014 7:04:35 AM PDT by Buckeye McFrog
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To: Right Brother

The research does seem to take into account the debt load, but I’m still skeptical. I’d wager there is some massaging going on of realistic salaries.

Also, even if this were accurate today (which I doubt), tuition is way outstripping GDP right now. Salaries are most certainly not. Therefore, it’s extremely likely that the value of a college education is going down, down, down.


17 posted on 05/27/2014 7:09:40 AM PDT by Claud
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To: Wyatt's Torch
That chart doesn't reflect the full story. Many employers have accepted the "college degree" canard and instituted it in their hiring practices. That college degree gets your Starbucks application put at the top of the pile.

A document now trumps actual skills. For instance, many sales jobs now require college degrees. College is not required to sell products. People skills, smarts and personality is what is required. Things that certainly are not taught at a university. Yet someone possessing those skills is rejected because they don't have that participation trophy called a degree.

18 posted on 05/27/2014 7:10:28 AM PDT by Right Brother
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To: Buckeye McFrog

Exactly. I was writing #18 while you posted #16. We are on the same page.


19 posted on 05/27/2014 7:12:51 AM PDT by Right Brother
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To: I want the USA back
Try to get somewhere without it - especially in a corporation.

I'm in IT - I do a lot of hiring. At best, a degree is a checkbox: "Yup. They've got it." Tells me that the person is able to stick with something for 4 years and see it to completion.

That's all, nothing else. I'm more interested in what people have done - I've got a right good number of people on my team with no degree at all...they got their OJT in the military. But then, IT is a different animal. Results count. In "soft" work like HR and Marketing, not so much.

However, others - particularly in HR - think that a degree confers some sort of magical powers. Why? I dunno. All I know is that I've got a BS in Electrical Engineering, and HR wonks eyes pop when I tell them that. It's fine with me, and I don't emphasize that I earned it 20-odd years ago, and have rarely used it since then. :-)

And don't get me started on 24-year-old kids walking out of State U with an MBA and no experience, who don't understand why they can't have a $200K job and a corner office, yet.

20 posted on 05/27/2014 7:16:36 AM PDT by wbill
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