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Question 5 (Lifetime Earnings)

“Thesis” more education = higher projected lifetime earnings

The data is out of date (2005)

All of the information was taken from a 2005/6 Census of education and how that may or may not correlate with higher or lower earnings.

They use colors in chart to make it more interesting to look at

Otherwise the color seem to have no importance except to separate the columns

The degrees and their earnings do not show anything about the people’s financial state or current living conditions

No spending reports, could have made poor decisions or be unemployed

No relation to class (low, middle, high)

Only what they can make

The graph put the information that correlates to the graph in different sizes, fonts, and colors.

It is to bring certain information to the eye first. The smaller texts are the source and the extra facts.

Only ages 25-64

Doesn’t account for all Americans in the workforce

It also does not account for those in the military or other occupations

There are outliers that don’t fit the averages in the chart

Ratio: they use a 3% annual right as a “futuristic dollar”

The 3 represent the mort that they can earn

Doesn’t account for the money spent on schooling and how it could affect their earnings

The chart also leaves out the amount that is spent on taxes that affect the overall “lifetime earnings”

Different levels of earnings are in different brackets of tax paying

Difference of 2.12 of 3 between Professional degree earners and those who never finished off high school

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The lifetime earnings graph on page 1001 depicts the expected amount of money that a worker with a certain level of education will make over their life

It is interesting that the person with some college and no degree almost makes as much as someone with an associate’s degree

The College Board is trying to make getting a full college education as attractive as possible, but they can’t hide everything- some college is almost as good as an associate’s degree

The way that the earnings were calculated is interesting- median was used instead of mean

Earnings for some college graduates will likely be higher than others; someone who majors in engineering will probably make more money than someone who majors in art

Job outlook, who is hiring for what majors

This only shows earnings for people age 25-64, but someone who only has a high school diploma or lower will likely start working at the age of 18, and many college students will likely work a minimum wage job during college

Starting to work at one job for a longer period of time makes it more likely that you will get a raise in your job.

No allowance was made for the shorter work life resulting from the time spent in college and out of the labor force, so someone who starts working at age 18 will have earned some more money

This doesn’t account for people who go back to school later in life- what change in earnings will they experience?

Does the graph take into account unemployment? People with less education have a higher unemployment rate, according to the yellow packet

Student loans aren’t factored into the total earnings- advanced degrees can get very expensive!

Does the difference in pay account for the difference in tuition costs?

Generally, the higher education you have, the more money you will make when compared to someone who only has a high school education.

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Rachel, Mallory, Cassie, Holly, and Maggie's Response

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Earnings by Education Level, Race/Ethnicity, and Gender Graph

Keeping in mind all data is from students ages 25-34

Also keeping in mind that this data is 12 years old, so wage gaps could have changed drastically, or even not at all.

All of the females and the black males earn less than the other races/ethnicities/genders.

Hispanic females earn less than all of the other races/ethnicities/genders.

Black females with an associate’s degree is earning less than some with some college, no degree.

The largest gap is between Hispanics and Whites, the smallest gap is for blacks

The largest gap overall is between Asian males and hispanic females - about $38,100

All recorded female races/ethnicities earn less than that of their male counterparts

What is too small to count? (Asian male Not H.S. grad and Associate’s Degree)

White males who’ve dropped out of high school are still earning more than Black Females, Black Males, Hispanic Females, and Hispanic males that have completed and graduated high school

The largest salary listed is the Asian Male’s with a Master’s Degree or Higher at $54,100, with White Males’ Master’s or Higher closely behind at $50,100

Earnings premium for four-year college graduates is highest for Asian and Hispanic males

Pre- premiums- this could be a graph with no impurities (taxes, bills, etc.)

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Who is the intended audience for the report? (Rachel, Mallory, Cassie, Holly, and Maggie)

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Who is the intended audience for the report? (Rachel, Mallory, Cassie, Holly, and Maggie)

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Government officials, the general public, high school graduates, college graduates, parents, students, teachers

It is most likely to affect them

It affects the general public because educated people affect the economy

Government: makes the policy, which directly impacts everyone else

Everyone else: directly impacts them because they’re in school, their children are in school, friends are in school, or they are teaching in school

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Negatively and positively impact the college boards ethos.

Positive

Added and factual support

They admit they are not qualified to qualify certain things

Goes more in depth into one aspect of the research

Negative

You have to be able to fluidly cite your evidence

It ages and becomes less valuable over time

There is some information missing

It seeks to prevent misuses of data in the report by...

The article admits when it does not have enough information to fully support or explain a claim.

Explains technical terms so the reader understands them.

They just bring up the problems and not the solution.

The authors use correlations.

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