Wednesday, September 05, 2012
I know there are doubters that are getting louder... but at the end of the day lifetime earnings add up. Below is the differential in wages by educational attainment among those employed. It's not only the wage differential in itself that matters, but you have to also consider the significantly lower unemployment rates for those with more education that compounds these numbers. Also some recent commentary from the Cleveland Fed is pretty clear that the premia for higher education is not going away anytime soon.