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The Degree Matters
By
Leonhardt unpacks a truism:
College graduates have definitely been hurt by the current recession. Thousands find themselves out of work, and many of those newly unemployed will struggle to find a job that paid as well as their last one. Still, on a relative basis, a college education has never been more valuable. The pay gap between college graduates and everyone else, for instance, reached a record high last year. Four-year-college graduates made 54 percent more, on average, than people who attended college but did not graduate. Fifty-four percent!
(Chart showing unemployment rate by education by CalculatedRisk)
