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Widest earnings gap for college grads in 48 years
Yahoo Finance ^

Posted on 02/11/2014 10:43:56 AM PST by Red in Blue PA

WASHINGTON (AP) -- The earnings gap between young adults with and without bachelor's degrees has stretched to its widest level in nearly half a century. It's a sign of the growing value of a college education despite rising tuition costs, according to an analysis of census data released Tuesday.

Young adults with just a high-school diploma earned 62 percent of the typical salary of college graduates. That's down from 81 percent in 1965, the earliest year for which comparable data are available.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS:
That's unfair! How dare there be a gap between those who spend years of their life studying and working and those who do not!/s

I am sure we will see a law from obozo to deal with this.

1 posted on 02/11/2014 10:43:56 AM PST by Red in Blue PA
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To: Red in Blue PA

Gap would be a lot larger if it wasn’t for all the XXX-studies degrees and diplomas given for Underwater Basket Weaving.


2 posted on 02/11/2014 10:46:10 AM PST by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: Red in Blue PA

I would like to see a comparison of median salaries for the standard B.A vs high-school graduate with trade skills.

I see the value in getting a 4 year degree, but some degrees aren’t much better than a high school diploma.


3 posted on 02/11/2014 10:48:55 AM PST by 3Fingas (Sons and Daughters for Freedom and Rededication to the Principles of the U.S. Constitution)
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To: Red in Blue PA

There are so few jobs and so many applicants that employers are hiring people with degrees for jobs that don’t require degrees because they can.


4 posted on 02/11/2014 10:51:12 AM PST by E. Pluribus Unum (The only way women can "have it all" is if men aren't allowed to have anything.)
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To: Red in Blue PA

Gone are the highly rewarded union jobs for high school grads, or those with GEDs.

I remember my first car in 1970s was a Ford Pinto picked out by my parents and it broke so often that repair costs over lifetime added up to more than the original new car price.

And Ford dealer repair sometimes broke stuff and gave the car back in worse condition.

They were like my local Comcast cable.


5 posted on 02/11/2014 10:54:02 AM PST by sickoflibs (Obama : 'Any path to US citizenship for illegals HERE is a special path to it ')
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To: 3Fingas

Agree with that 100%. There is a shortage of people with trade skills such as plumbers and electricians.


6 posted on 02/11/2014 11:00:56 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: sauropod

.


7 posted on 02/11/2014 11:01:40 AM PST by sauropod (Fat Bottomed Girl: "What difference, at this point, does it make?")
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To: FReepers

Click The Pic To Donate

Support FR, Donate Monthly If You Can

8 posted on 02/11/2014 11:02:56 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: Red in Blue PA

It’s a sign of the growing level of delusion amongst employers in this country.

There, fixed it.


9 posted on 02/11/2014 11:09:26 AM PST by Buckeye McFrog
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To: Red in Blue PA

“It’s a sign of the growing value of a college education”

Not education. A degree.


10 posted on 02/11/2014 11:18:46 AM PST by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: 3Fingas

You’ve identified the misconception in an otherwise excellent article.

It’s not a matter of high school diploma vs. college degree, but rather limited education that ends with basic skills in 12th grade vs. post-high school training (university or trade school).

The obvious answer, as stated in comments above, is that one must exert themselves in order to prosper.

Life 101.


11 posted on 02/11/2014 11:22:10 AM PST by Jedidah
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To: Red in Blue PA

Don’t confuse correlation with causation.

Right now, the government is basically paying everyone with a pulse to go to college. Most of those who don’t go to college are brain dead (yes, I know there are many fine exceptions, but my point still stands).

Therefore, by foolishly diverting those who won’t benefit from college and didn’t need it to earn a good living, it makes it look like college CAUSES the economic advantage, when it probably doesn’t.


12 posted on 02/11/2014 11:30:17 AM PST by Atlas Sneezed ("Income Inequality?" Let's start with Washington DC vs. the rest of the nation!)
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To: sickoflibs
They were like my local Comcast cable.

The brand is so toxic here they go by an alias now: "Xfinity"

13 posted on 02/11/2014 11:31:58 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: Atlas Sneezed

I’d tend to agree with your assessment.

With “Big Education” soundly entrenched as a major Democrat campaign funding source, the media is going to promote it at all costs.


14 posted on 02/11/2014 11:34:04 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: Red in Blue PA

I remember many years ago being in a bar in NYC and some arrogant jerk giving the bartender a hard time,belittling him because he,the customer,was an engineer and was so much more intelligent and important than a mere servant.Without missing a beat the bartender replied that he made 84,000 dollars the year before,tax free,and slept with a different woman every night.I’m not bashing a college degree,but you can pay your bills without one.


15 posted on 02/11/2014 11:44:18 AM PST by Paddyboy (Roma Omnia Vincit)
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To: Paddyboy

My brother tended bar. Had a hard time giving it up as when he got his MBA and took his first job using that degree the result was actually a pay cut.


16 posted on 02/11/2014 12:18:25 PM PST by Buckeye McFrog
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To: 3Fingas

Trade skills are useless here in Central NC.

American tradesmen have to compete with illegals.

I have a bud who’s a self-taught computer repair/debugger, though, who’s making 50% more than me.

/He got his math degree when I did, and taught high school for ten years.


17 posted on 02/11/2014 12:25:12 PM PST by warchild9
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To: warchild9

Usually, college is better than no college, depending on the degree and how much debt one goes into to obtain that degree. I am sorry to hear about the situation with tradesman in your area. I know that in the area of unskilled or semi-skilled labor illegal immigrants often cause depressed wages. I think in large segments of country, there is a demand for skilled tradesman that illegals cannot fill. Hvac repair has a lot opportunities in the South. There are also a lot jobs to be filled in IT, cable companies, etc. Wages are not that great at times, but it sure beats working at Starbucks or the convenience store.


18 posted on 02/11/2014 1:34:40 PM PST by 3Fingas (Sons and Daughters for Freedom and Rededication to the Principles of the U.S. Constitution)
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To: Red in Blue PA

what’s really amazing is how little it takes to graduate from most high schools...show up most of the time...they don’t learn anything but are graduated so as not to hurt their self esteem....


19 posted on 02/11/2014 3:19:18 PM PST by rolling_stone
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To: 3Fingas

“I would like to see a comparison of median salaries for the standard B.A vs high-school graduate with trade skills.”

With student loan payments subtracted out of the BA median salary.

That would be interesting data.


20 posted on 02/11/2014 3:22:54 PM PST by RFEngineer
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To: Red in Blue PA

Does the gap include the cost of a degree...?

A 100 k degree over 10 years is 10 k a year worth of income...


21 posted on 02/11/2014 3:27:09 PM PST by Popman ("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
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To: nascarnation
RE :” They were like my local Comcast cable.
......
The brand is so toxic here they go by an alias now: “Xfinity”

Same here in Maryland, the “Xfinity” junk mail keeps coming in.

I could write a small book with all the disaster stories from using them. I wouldn't recommend them to my worst enemy.

Equipment sucked, software on it sucked, service sucked, total crap. I dreaded calling those idiots for anything.
They would break my cable then demand I stay home on a weekday for them to fix what they broke.

I was a hostage till Verizon FIOS put their lines in then I jumped to them. Its like day and night. I have accomplished too much to put up with such needless aggravation.

22 posted on 02/11/2014 4:34:41 PM PST by sickoflibs (Obama : 'Any path to US citizenship for illegals HERE is a special path to it ')
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To: 3Fingas

When my daddy retired from the Marines, he became a plumber. His motto was “There would always be a need for someone to clean out the pipes.”

He never forsaw the local 1%’ers exploiting the illegals to undercut the value of American labor.

/Fortunately, between his pension and three rather fast-selling books he wrote, he doesn’t have to worry about illegals and the people who exploit them for profit.

//Freepers may worship them, but “entrepeneurs” tend to be the scum of the earth. They’ll rape their grandmothers for profit.


23 posted on 02/11/2014 6:57:09 PM PST by warchild9
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To: warchild9

“.....“entrepeneurs” tend to be the scum of the earth.”

Just, WOW!


24 posted on 02/11/2014 8:13:48 PM PST by ChicagahAl (Don't blame me. I voted for Sarah.)
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To: Red in Blue PA

Oops, thought it said ‘earrings gap’ .. thought: this might be interesting .. LOL


25 posted on 02/11/2014 8:17:01 PM PST by tomkat
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To: ChicagahAl

go out into the real world

meet a few

then see what you say


26 posted on 02/12/2014 6:20:27 AM PST by warchild9
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To: C210N

My daughter is attending the local community college and was talking to me today about remedial courses. She said “I should not have someone in my chemistry class that is taking remedial math”. Have to agree with her.


27 posted on 02/12/2014 3:19:17 PM PST by ilovesarah2012
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