Does A College Degree Guarentee You A Higher Income?
Start writing a post
Politics and Activism

Does A College Degree Guarentee You A Higher Income?

As children, we are raised to see the importance of a college education, but are our conceptions wrong?

85
Does A College Degree Guarentee You A Higher Income?
Trover

As children in the United States, we are raised to believe that receiving a college education is essential to being successful and ultimately having a good paying job. There are countless examples of scientific studies in which data is presented that supports the idea that men and women who obtain a college degree on average make more money annually than those who never attend college.

The majority of people who read this fact immediately assume that obtaining a higher income is a direct result of attending college and earning a degree. However, the plain truth is that there is no way for us to know this fact. I recently read an article by Edwin Rubenstein entitled The College Payoff Illusion in which he stated, “this simple calculation,” which displays that college graduates make more on average than non-college graduates, “ignores the fact that college graduates tend to come from higher socio-economic levels, are more highly motivated, and probably have higher IQ’s than non-graduates.

Although these factors influence incomes, they are not results of college attendance.” There are so many factors involved in earning a greater income, that it is impossible for us to know what the root cause is. In the minds of some, a high level of motivation is what causes men and women to have a higher annual income. This in some ways explains how there are a few people who do not attend college, but who work their fingers to the bone because they are motivated, and they out-earn many college graduates. Perhaps it the secret is the environment in which they were raised. At the end of the day, it is impossible for anyone to definitively say what causes college graduates to make more money.

In order to better explain this concept, I observed a parallel example in an article by Roni Rabin in which the effect of alcohol on the heart was discussed. First, it has been proven that people who drink moderately have fewer heart problems on average than both heavy drinkers and those who abstain from drinking completely. There is no disputing this fact. However, Rabin points out that it is possible that “moderate drinking is just something that healthy people tend to do.”

We as humans have a habit of jumping to conclusions. We misconceive the facts, and believe that what this fact tells us is that a moderate amount of alcohol is beneficial for one’s health. In the same way we jump to this conclusion, we also jump to the conclusion that a college degree is the reason someone makes more money than someone who doesn’t have said degree. Rabin goes on to explain that there are more differences between moderate drinkers and others than just how much alcohol they consume. The amount of exercise a person gets could be a key piece in the puzzle. It could be that, as a whole, moderate drinkers exercise more than non-drinkers and heavy drinkers.

Another major factor could be pre-existing health conditions that keep someone from consuming alcohol. This could very well explain why those who abstain from drinking alcohol have more heart problems than those moderate drinkers. Due to the abundance of factors that exist at this, it is impossible to truly know which factor causes moderate drinkers to have less heart problems. It could be that moderate drinkers do everything in moderation, as well as attempting to exercise on a regular basis, and the exercise is what causes better heart health.

At the end of the day, it is impossible to conclude that there is one single thing that improves heart health. In the same way, it is impossible to conclude that college raises a person’s income. While there is some correlation between graduating college and earning a higher income than non-graduates, we simply cannot prove that a college degree is the cause of the higher income. The unfortunate truth is that as far as we know, there is no one reason why college graduates on average make more money than non-college graduates. What we do know, however, is there is value in a college education that can help you towards a better future. The rest is on you.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

50770
college students waiting in a long line in the hallway
StableDiffusion

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less
a man and a woman sitting on the beach in front of the sunset

Whether you met your new love interest online, through mutual friends, or another way entirely, you'll definitely want to know what you're getting into. I mean, really, what's the point in entering a relationship with someone if you don't know whether or not you're compatible on a very basic level?

Consider these 21 questions to ask in the talking stage when getting to know that new guy or girl you just started talking to:

Keep Reading...Show less
Lifestyle

Challah vs. Easter Bread: A Delicious Dilemma

Is there really such a difference in Challah bread or Easter Bread?

32488
loaves of challah and easter bread stacked up aside each other, an abundance of food in baskets
StableDiffusion

Ever since I could remember, it was a treat to receive Easter Bread made by my grandmother. We would only have it once a year and the wait was excruciating. Now that my grandmother has gotten older, she has stopped baking a lot of her recipes that require a lot of hand usage--her traditional Italian baking means no machines. So for the past few years, I have missed enjoying my Easter Bread.

Keep Reading...Show less
Adulting

Unlocking Lake People's Secrets: 15 Must-Knows!

There's no other place you'd rather be in the summer.

955710
Group of joyful friends sitting in a boat
Haley Harvey

The people that spend their summers at the lake are a unique group of people.

Whether you grew up going to the lake, have only recently started going, or have only been once or twice, you know it takes a certain kind of person to be a lake person. To the long-time lake people, the lake holds a special place in your heart, no matter how dirty the water may look.

Keep Reading...Show less
Student Life

Top 10 Reasons My School Rocks!

Why I Chose a Small School Over a Big University.

180754
man in black long sleeve shirt and black pants walking on white concrete pathway

I was asked so many times why I wanted to go to a small school when a big university is so much better. Don't get me wrong, I'm sure a big university is great but I absolutely love going to a small school. I know that I miss out on big sporting events and having people actually know where it is. I can't even count how many times I've been asked where it is and I know they won't know so I just say "somewhere in the middle of Wisconsin." But, I get to know most people at my school and I know my professors very well. Not to mention, being able to walk to the other side of campus in 5 minutes at a casual walking pace. I am so happy I made the decision to go to school where I did. I love my school and these are just a few reasons why.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments