On 6/24/14 5:24 PM, Eugene Coyle wrote:
Here's a graphic from the Wall St. Journal in a story comparing 4 year
degrees w/Assoc degrees.
The full story is
athttp://online.wsj.com/articles/fed-study-says-it-still-makes-sense-to-go-to-college-1403618488?mod=WSJ_hp_RightTopStories
Notice that 40 years have gone by for Assoc degree holders with no
increase in pay. And for 4 year degree, wages topped out and seem to
be headed down.
We've all heard about the statistician who drowned in a lake with an
average
depth of six inches.
One of the great confounders in these wage-gap stats is lumping generations
together. Break it out by age cohort, and you might have some
interesting numbers.
The aggregates hide too much. Though as Eugene observes, even the
aggregates
suggest that the credential bubble may be bursting. Probably bursting
big-time
for the younger folks, less so for us Boomer fossils.
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