Salary.com: What's more expensive than going to college? Until recently, the answer was easy: not going to college. Numerous studies over the years have shown that individuals with college degrees significantly out-earn those with high school degrees by $1 million or more over the course of a lifetime.
2 comments:
Not all degrees are equal, and degrees in the arts and humanities tend to fall to the bottom, as this article proved. That said, I don't think degrees in the fine arts or sociology should be devalued. I'd be interested to see how a college degree affects earnings in those jobs. For a job as a therapist or such, a degree is pretty necessary, but for a painter it might not be. That said, I think its a mistake to group all of the fine arts into one category. Take painters and TD's for example. It takes a different skill set to do each job, and a degree in painting for an artist might not be worth as much or as useful as a degree in theatre management for a Technical Director. Still, the skills sets taught in each of the low ROI degree programs can be transferred to other, higher paying jobs and can lead people do do what they love, which might be enough to compensate for the low ROI.
Oh dear. Why is it that some of the most important jobs in society (teachers, psychologists, and social workers) get paid the least? Education has become so expensive that getting a degree in something with which you can help people is completely unfeasible. The point of those degrees don't seem to be making money, but everybody has to eat and that isn't always especially possible with the price of education. The decision between paying your bills and the ability to help others isn't one that should have to be made.
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