Saturday, June 25, 2011

More evidence that you need to obtain Higher Education---see graph and explanation here

This graph shows the change in income over time between someone with a college degree vs a high school diploma. Notice on the tail end to the right that the lines start to move in opposite directions.  Before this time period they pretty much moved together (exception is between 1980 and 1985).  I want to emphasize that this does NOT mean that someone with solely a HS diploma will not succeed financially. These are moving averages. However, you will notice the decline in income for those with HS degree only. Also, This graph is not counting people with associate degrees or some other type of technical skills based education/training.  I would assume if you graphed the incomes of this class of people, the line would fall somewhere in between these two. 

Source: Business Insider
From all that I read in the business/economic literature, I believe this trend will continue. We are in the midst of a higher skills based economy, not only domestically but globally.  Like it or not, for most of us, it is a necessity to obtain, whether through college or other advanced educational institutions, and maintain the highest skill set we possibly can.  We may not like it, but that is simply the way it is.  We (maining you) gotta get on board with it...
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