David Brooks on the Value of Education
On an individual level, getting more skills is the single best thing you can do to improve your wages. The economic rewards to education are at historic highs. Americans with a four-year college degree make 98 percent more per hour than people without one. The median college-educated worker will make half-a-million dollars more than a high-school-educated worker over a career after accounting for college costs. Research by Raj Chetty of Harvard and others suggests that having a really good teacher for only one year raises a child’s cumulative lifetime income by $80,000.
March 6, 2015