Throughout the last 4 decades, the percentage of high wage returns has increased for people who have a college degree. As the years go on, the pay range difference between a person with a high school diploma and a college degree increases. "According to Leonhardt, the pay gap between college graduates and everyone else reached a record high last year, according to the new data, which is based on an analysis of Labor Department statistics by the Economic Policy Institute in Washington. Americans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree. That’s up from 89 percent five years earlier, 85 percent a decade earlier and 64 percent in the early 1980s." These statistics should encourage people to attend college because people are beginning to go below the poverty line quicker than previous years and they receive twice the amount of money with a four-year degree than they would with a high school diploma alone (Leonhardt). Many people argue that attending college does not always lead to a higher wage. "According to Frohlich, while jobs that require training and education certainly tend to pay more, a college degree by no means guarantees a high salary." People who get a degree, for example in legislating, earn a median of only $20,500 while McDonalds' pays their employees $20,000 annually, at $10 per hour. However, this example does not necessarily mean that college should be avoided, but it does indicate that picking the right occupation is very important when going into college or post-secondary …show more content…
There are many benefits, like health coverage, that are more likely to be covered by employers rather than those without a degree. Quoted in a "Benefits of College and a College Degree" article is a 2008 College Board study that showed that "roughly 70 percent of individuals with a four-year college degree received health insurance from their employer, while less than 50 percent of employees with only a high school diploma received the same benefit" (Beckstead). This statement explains that when having an occupation with a college degree, people are more likely to receive benefits. Other benefits include better retirement, reimbursement on tuition, savings accounts for health care, free childcare, and reimbursement on any type of travel. In some cases, this adds up to the amount of money an employee takes home