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bandycpa · 02-02-2010, 10:17

nmap,

Very interesting article. I wonder if any of these factors have anything to do with the shrinking spread between high school graduate earnings and college graduate earnings:

1) The increase in "non mainstream" degrees. As you noted earlier in your post, a degree in theater is not as practical as a degree in finance.

2) The rise of the minimum wage. Businesses can only pay so much for wages, and the increase of the minimum wage means that high school graduates are earning more by default...not because of any further degreed education.

3) Unrealistic expectations from graduates upon entering the workforce. When I graduated with my B.S. in Accountancy, the median nationwide salary was $40,000. My actual starting salary was much less than that. It improved as I rose through the ranks, and I was fortunate enough to branch out on my own. But, I expected a high salary right out of the gate, and didn't pay attention to what the market bore in my area. I believe a lot of other graduates do the same thing.

Bandy

02-02-2010, 10:17	#2
bandycpa Guerrilla Chief Join Date: May 2006 Location: SW Virginia Posts: 583	nmap, Very interesting article. I wonder if any of these factors have anything to do with the shrinking spread between high school graduate earnings and college graduate earnings: 1) The increase in "non mainstream" degrees. As you noted earlier in your post, a degree in theater is not as practical as a degree in finance. 2) The rise of the minimum wage. Businesses can only pay so much for wages, and the increase of the minimum wage means that high school graduates are earning more by default...not because of any further degreed education. 3) Unrealistic expectations from graduates upon entering the workforce. When I graduated with my B.S. in Accountancy, the median nationwide salary was $40,000. My actual starting salary was much less than that. It improved as I rose through the ranks, and I was fortunate enough to branch out on my own. But, I expected a high salary right out of the gate, and didn't pay attention to what the market bore in my area. I believe a lot of other graduates do the same thing. Bandy __________________ “Critics are men who watch a battle from a high place then come down and shoot the survivors.”—Hemingway.
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