New salary figures show college is still worth it
Those with degrees still earn more than high-school graduates and dropouts, according to the US Census Bureau.
The answer seems to be yes. New numbers from the U.S. Census Bureau show that college-educated Americans earned about $11,749 in the last three months of 2011, according to The Wall Street Journal. Those with a post-graduate degree earned a median $15,733 in the same period.
The average high-school dropout, however, earned only $4,026.
And those with college educations were more likely to have jobs. College-educated Americans have an unemployment rate of 3.8%. Compare that with a rate of 7.9% for high-school grads and 11.2% for high-school dropouts, the Journal reports.
Still, these numbers haven't stopped a broad anti-college movement from gaining momentum. Consider the likes of UnCollege, a group that encourages people to find alternatives to college. "You can contribute to society without necessarily having a university degree," the group says on its website.
There's also Enstitute, a nonprofit group offering a two-year, paid apprenticeship program to people who don't want to attend college.
1. You can't be successful without going to college and getting a degree.
2. If you go to college and get a degree, you are guaranteed to be successful.
3. A college degree is always worth the money, no matter how much it costs.
College is fine. But so is learning a skill or a trade. Everyone is different and has different motivations, goals, aspirations, abilities, etc... One thing is for sure, we have far too many lawyers and MBAs running around, and not nearly enough skilled carpenters, plumbers, welders, LPNs, mechanics, electricians, etc...
By selecting for for graduate and professional degrees, you are strongly selected into a group of people who have a high aptitude for success in their field. But the most important thing is not what field you work in, but whether or not you go to the top of your occupation. Someone in maintenance and janitorial work could make minimum wage. Or they could make a million a year if they started their own successful business and had enough contracts and employees.
This article is full of shitake mushrooms. For the last 3 years, people in trades and non-college jobs have been earning more money if you take what they make and what they owe in student loans away.
I am sure since colleges are raising rates faster than inflation, they had to start changing the "press" to make sure they can send out their propaganda. I have a degree and two professional licenses and I have told my children that the "trades" or owning a small business is the way to go.
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