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by randomdata
2338 days ago
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Your link effectively only shows that higher earners earn more than lower earners. That is not the same as incomes increasing because of higher education. Incomes have held stagnant for a number of decades, even as more and more people attain higher and higher levels of education. If 0% of the population had a higher education or 100% of the population had higher education, your income would remain the same as it is now. McDonalds isn't going to pay someone flipping burgers a million dollars more over the span of their burger flipping career simply because they attained a physics degree. That is not how the economy works at all. If 100% of the population had a physics degree, someone is going to be left flipping burgers. 100% of the population are not going to be working on solving string theory. The economy cannot function in that manner. Inflationary dollars are relevant as that is how we measure stagnant incomes. An income that tracks inflation is stagnant. Incomes are stagnant. We are not talking about spending. |
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Are people with higher education in low wage jobs? Yes. Is this common? No. And the only reason it would be common is if there was no income incentive to gain higher education, which there isn't.
I'm beginning to think you really don't understand what I mean.