Here’s a chart that caught my eye re: the value of a college degree …
Since the mid-60s, the real wages of a worker holding a bachelor’s degree have increased by about 40%.
The increase for workers with a graduate degree is even greater …. almost 90%
That sounds formidable, but even it is only about 1.3% per annum.
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Dragging the numbers down further …
During the same period, real wages for high school grads only increased about 15% … about 1/4% per annum.
And, real wages for workers without a high school degree stayed flat … or arguably, fell.
Of course, those small percentage differences in growth rates have a dramatic compounding effect …
The Homa Files 