California Public Education
 

Working for a better tomorrow...

http://www.latimes.com/news/local/la...,1269326.story

And they'll have the following result going for them in the future…

http://www.econbrowser.com/archives/...chool_wage.gif

An interesting note on the chart, it's funny to see how tightly grouped wages were in the '70s.

hat tip: http://www.econbrowser.com/

We need high school dropouts to do the jobs that no college graduate will do.

Just as a clarification, they weren't grouped tightly in the 70's (or if they were, that's not what this shows). The chart indexes all groups' 1973 values to 100, and this shows how things have changed since then. For all we know, the college grad in 1973 was already making 3 times as much as the HS dropout. Since then, however, while a HS dropout's real wages are about 85% of what they were in 1973, a college grad's is almost 20% higher.