Those who earn more based on their level of education

Schools and universities are keen to remind anyone who will listen that there is great value to earn a bachelor's degree. In the most recent statistics available to the U.S. Census Bureau tends to agree.

The results of 2004 Census Bureau report shows a difference of $ 23.000 between the average annual income of adults with a bachelor's degree ($ 51,554) than adults with a high school diploma ($ 28,645).

In what may or may not be an anomaly, the income gap narrowed slightly from five years earlier, when bachelor graduates made nearly twice as high school graduates.

The percentage of Americans 25 and older with a bachelor's degree rose to 28%, and the percentage with a high school diploma has risen to 85%. In 1970, 36 years ago, only 11% of Americans have a college degree and a little 'more than half have a high school diploma.

It 's likely to increase over time had much to do with the advent of technology in our society, and the impact of Internet accessibility to the general public in 1993 and 1994 through the creation of browser.

If you're wondering, Minnesota, Utah, Montana, New Hampshire, Washington and Alaska had the highest percentage of adults with at least a high school diploma, all at about 92%. Texas had the lowest with about 78%.

Connecticut had the highest percentage of adults with a bachelor's degree (37%) and West Virginia had the lowest (15%).

I have long been a believer that there is no real correlation between education and income, unless the degree leads to a high paying profession, such as a lawyer doctor or dentist. I have known many people with bachelor's degrees who work in McDonald's restaurants.

My standard comment is that it's not like all people with bachelor's degrees make $ 100,000 a year and those with high school diplomas make $ 30,000. I also met many people with high school degrees and only a few high school dropouts who are well in excess of $ 100,000 each year, mostly in sales.

Bill Gates is a college dropout, which ranks as the richest man in the world. Forbes magazine rates of William H. Gates III, as the richest person in 2006 with $ 53 billion, perhaps proving that even the Harvard dropouts can do a lot of money.

You, dear reader, to decide for themselves how great the difference in income is possible with a degree, rather than settle for a high school diploma. There is no doubt in my mind that the income gap increases, as the top and bottom edges of our middle class are falling apart and the gap widens between rich and poor in America.

I also found a poor correlation between talent and income, intelligence and income, and the experience and income. Is there anyone in America who has never heard of starving artist, or educated idiots in menial jobs, or guardians to become millionaires?

The only real relationship I've noticed is the responsibility of persons and income. How else can reasonably explain how an abandoned high school becomes a self-made multi-millionaire entrepreneur?

These successful entrepreneurs may not have perfect subject-verb agreement when speaking, but they certainly know how to relate with people in a meaningful way. You may have noticed that the whole world steps aside for the man who knows where it's going (ditto for women).

Worthy of note is the Bureau of Labor Statistics National Compensation Survey, which shows that the average white-collar profit $ 21.85 per hour, while the blue-collar earnings averaged $ 15.03 USD and service occupations averaged 10 , 40.

Source information for the following statistics are from the Employment Policy Foundation.

The jobs that pay the most generally require at least a bachelor's degree (4 years of higher education) and several also require graduate (master's or doctoral) degrees. Here are the average annual income in 2003 for the nation's Top 12 works of payment:

Top 12 Jobs General Payment

$ 147.000 - Physicians and Surgeons

$ 133.500 - aircraft pilots

$ 116.000 - Chief Executives

$ 112.000 - Electrical and Electronic Engineers

Lawyers and Judges - € 99,800

$ 90.000 - Dentist

$ 85.500 - Pharmacists

$ 84.700 - Management Analyst

$ 84.000 - Financial Analysts, Managers and Consultants

$ 83.000 - Computer and Information Systems Managers

$ 80,000 - Marketing and Sales

$ 80,000 - Educational Administrators

Top Jobs fee that generally require an associate degree or evidence of formal

The next best jobs that pay average annual salaries tend to be technical in nature and generally require an associate degree (2 years of higher education) and / or job specific training certificates. Here are the average annual income in 2003 for the first 6 works of payment:

$ 66.000 - health professionals

$ 58.000 - Business Analysts

$ 57.000 - Electrical and Electronic Engineers

$ 56.800 - Mechanical Engineers

$ 54.000 - General Manager and Operations

$ 50,400 - Computer and Information Systems Managers

Top Jobs in payment generally require a high school diploma

These jobs usually require a high school diploma and develop work experience and on-the-job training rather than graduates. Here are the average annual income in 2003 for the first 6 works of payment:

$ 58.900 - Computer software engineers

$ 56.400 - Computer and Information Systems Managers

$ 55.000 - Programmers Computer

$ 49.000 - Network Systems and Data Communications Analysts

$ 48.000 - General Manager and Operations

$ 48.000 - Database, network and systems administrators Computer

Top Paid Jobs that require a high school diploma

These jobs tend to require substantial on-the-job training and work experience rather than formal education and specialized training. Here are the average annual income in 2003 for the first 6 works of payment:

$ 36.400 - judicial officers, prison guards and jailers

$ 36,400 - Legal Assistants

$ 36.000 - Industrial Production Managers

$ 36.000 - Designers

$ 33.600 - Construction Managers

$ 31.900 - Electricians

Sometimes the sources of these statistics are not really clear the significance of their findings. You will notice that whatever the level of education, positions for Computer and Information Systems Managers are mentioned.

And 'the ninth highest paying jobs to 83 thousand dollars in higher education, comes to $ 50,400 with two years of graduate and become the second highest job paying $ 56,400 for graduates high school.

The difference in salaries at different levels of education might have something to do with the size of the company's employee serves. There is a difference in responsibility and technical requirements for a company that produces $ 10 million in annual sales compared to a company generating $ 100 million or $ 1 billion in annual revenue.

I think it's important to understand that many people with Top 12 jobs are paid professionals that are able to take many legitimate deductions of returns of their business taxes that workers do not enjoy.

Deductions to lower their net taxable income. The gains you see here may be much lower than their actual income, because the deductions may be made of paper "impairment", arising from depreciation deductions, for example, which can amount to thousands of dollars of credit without out-of-pocket expenses.

It 's almost goes without saying that many experts and university graduates of high schools have part-time businesses that allow their legitimate deductions that reduce the net taxable income from employment.

Ed Bagley ......