So does college pay off?

I know there are doubters that are getting louder… but at the end of the day lifetime earnings add up. Below is the differential in wages by educational attainment among those employed.  It’s not only the wage differential in itself that matters, but you have to also consider the significantly lower unemployment rates for those . . . → Read More: So does college pay off?

Money Is Power

The central bank is still up to its regular shenanigans.  Here’s the proof:

Now, however, is the first time in more than half a century that the average American is both earning less and worth less than four years earlier, at least after inflation is factored in. [Emphasis added.]

Inflation is a sure way . . . → Read More: Money Is Power

Bubbleproof

That’s the best way to describe grads of technical schools:

So what are the best bets when buying student debt? Technical schools. Students pay the least for their education with the potential to make good money after graduation in only a couple of years.

By that arithmetic, technical colleges come out on top, Mr. . . . → Read More: Bubbleproof

Earnings and Education: A Survey

In 2009, the median weekly earnings of workers with bachelor’s degrees were $1,137. This amount is 1.8 times the average amount earned by those with only a high school diploma, and 2.5 times the earnings of high school dropouts (link).

. . . → Read More: Earnings and Education: A Survey

Lackluster Recovery? Not According to Intel

Many economists have claimed that as recovery begins in the current economic cycle that the rebound will be lifeless.

However several economists and indices argue that many times deeper than average recessions are followed by a significant economic rebounds.

As this current earnings seasons begins, Intel agrees. On Tuesday the technology leader boosted its . . . → Read More: Lackluster Recovery? Not According to Intel

Do People Make Good Choices Between Income and Leisure?

“What are the applied implications of our findings? In the work area we suggest that a balance between hours of work, social time and leisure will produce the highest well-being, whereas even work that is enjoyable will produce less well-being if carried out for too many hours. Conversely, it would be an error to . . . → Read More: Do People Make Good Choices Between Income and Leisure?

Mr. Roubini, Please Have a Seat Already

From the gloomster Nouriel Roubini on Apr 23, 2009:

“Today we present some of the main conclusions of the recently released update to the RGE 2009 Global Economic Outlook: The global economy is in the middle of a synchronized contraction that will push global growth into negative territory in 2009 for the first time . . . → Read More: Mr. Roubini, Please Have a Seat Already

Teaching a Man to Fish: How to Solve Youth Unemployment in the U.S.

This year, unemployment rates among young people in the United States have been increasing to levels not seen since the early 1990s. Youth unemployment rates are usually a good indicator of the overall state of an economy, since young people typically face the greatest difficulties in finding employment in times of recession and, lacking . . . → Read More: Teaching a Man to Fish: How to Solve Youth Unemployment in the U.S.