24. If you went to college and earned a four-year degree, how much more money could you expect to earn than if you only had a high school diploma?
a.) About 10 times as much.
b.) No more; I would make about the same either way.
c.) A little more; about 20% more.
d.) A lot more; about 70% more. Back in 1975, two wage earners, one with a high school education and one with a college degree would have made the same amount of money. That was the last time those two lines met on a graph. While the pay that require little more than a high school education has languished the exporting of manufacturing and the rise of service sector jobs is largely the culprit, jobs that grew from a college education began paying more.
There are success stories of riches attained without that collegiate diploma and in the land of entrepreneurial opportunity, anything can happen. But when the truth is told, once that diploma is in hand from a school of higher learning, your future is much more open than someone who does not have one. Even those that chose liberal arts as majors tend to do much better in the workforce than those who went to work right from high school.
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