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Education pays on BLS website.

  1. Mar 17, 2012 #1
    "Education pays" on BLS website.

    The Bureau of Labor Statistics has this page on their website: http://www.bls.gov/emp/ep_chart_001.htm.
    http://www.bls.gov/emp/ep_chart_001.JPG
    Source: Bureau of Labor Statistics, Current Population Survey, 2010.


    This just seems very odd to me. This says the median for a 25-year-old with a Bachelor's degree is/was over $66K per year. I realize this is two years old, but it seems just as odd for 2010.

    Any thoughts on what might skew the data?
     
  2. jcsd
  3. Mar 17, 2012 #2

    Pengwuino

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    Gold Member

    Re: "Education pays" on BLS website.

    Why does that seem odd? Also, where are you getting the $66k figure?
     
  4. Mar 18, 2012 #3
    Re: "Education pays" on BLS website.

    First, it does NOT say that it is for 25 year olds. It says it is for people 25 and older.

    Second, 1038 x 52 is about 54k, not 66k.
     
  5. Mar 18, 2012 #4
    Re: "Education pays" on BLS website.

    Whoops, sorry, I accidentally used the figure from the Master's degree row.
     
  6. Mar 18, 2012 #5
    Re: "Education pays" on BLS website.

    Any figures for average loan payments, tax payments and lost value of social benefits? I'm sure education does pay but perhaps less so then the above graph suggests.
     
  7. Mar 18, 2012 #6

    phyzguy

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    Science Advisor

    Re: "Education pays" on BLS website.

    I didn't understand what you found odd. Do you agree now that it is $54K instead of $66K? Did you find the $66K figure too high or too low?
     
  8. Mar 19, 2012 #7

    Pyrrhus

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    Homework Helper

    Re: "Education pays" on BLS website.

    I believe we have had these discussions before?. Try searching the forums.
     
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