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In the United States, those with higher degrees enjoy a widening pay dvantage over those with less education. According to the U.S. Census Bureau, wages have increased for the very well educated — while they have either stagnated or decreased for those with less formal education. We take a closer look at the growing wage discrepancy in the United States.http://www.theglobalist.com/DBWeb/printStoryId.aspx?StoryId=5963
Those who did not complete secondary education earned an average wage in 2005 of $22,374 and represent a 9.9% share of total employment. Their wages decreased 4.6% from 2000 to 2005.
Those who completed secondary education earned an average wage in 2005 of $31,665 and represent a 29.8% share of total employment. Their wages increased 0.2% from 2000 to 2005.
Those with some college education earned an average salary of $38,009 in 2005 and represent 27.9% of total employment. Their wages decreased 2.5% from 2000 to 2005.
College graduates earned an average wage of $56,740 in 2005 and represent 21.1% of total employment. Their wages decreased 3.1% from 2000 to 2005.
Those holding a master's degree earned an average wage of $68,302 in 2005 and represent 7.9% of total employment. Their wages decreased 1.8%from 2000 to 2005.
Those with a Ph.D. earned an average wage of $93,593 in 2005 and represent a 1.5% share of total employment. Their wages increased 2.9%from 2000 to 2005.
Those holding an MBA, JD or MD earned an average wage of $119,343 in 2005 and represent a 1.9% share of total employment. Their wages increased 10.6% from 2000 to 2005.
When I was in high school, there was a lot of international arguement that Japan society places too much importance on one's academic background. However, if you have a look at the article above, American society has the same thing. Once Japan has become one
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Students who want to go to good schools will not only study a lot but also try to join sport teams or clubs to make themselves impressive. I don't know whether it is right or wrong either.
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