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by sb057
178 days ago
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From a layman's perspective, it seems like it's mostly an expected outcome of college degrees becoming a class signifier. In 1990, only a fifth of American adults had bachelor's degrees, with those who held them making 70% more than high school graduates. A sizeable gap, sure, but those non-college graduates have minimum wage retail workers and general laborers, and union steel and auto workers in the same educational bucket. By 2020, it had risen to well over a third of Americans who had bachelor's, and 105% more income for those with them. One might expect a dilution in a degree's value, but I think it's just a matter of minimum wage workers still being high school graduates, whereas virtually all professional workers (including the increasingly few manufacturing workers) needing a bachelor's to get past the first stage of HR. [1] https://educationdata.org/education-attainment-statistics [2] https://en.wikipedia.org/wiki/Educational_attainment_in_the_... |
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