College degrees translate into cash
By G. Scott Thomas, San Francisco Business Times
It pays to have a college diploma — and preferably more than one.
The linkage of education and income couldn’t be clearer in new data collected by the U.S. Bureau of Labor Statistics. The typical worker with a master’s degree earns 20 percent more than a colleague who holds a bachelor’s degree and 98 percent more than somebody who never went beyond high school.
And there’s a second benefit. The danger of unemployment declines dramatically as the level of educational attainment rises.