Yes, excellent point. And beyond age cohorts, if the 4 year degree folks were disaggregated to isolate the MDs, MBAs, and JDs, etc. it likely would make the remaining majority looking a lot worse than the graph shows. Somebody call Piketty.
Gene On Jun 24, 2014, at 8:16 PM, Michael Smith <[email protected]> wrote: > > 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 at >> http://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. > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
