Back in 2012, we were posed an innocent question: is it worth it to major in photography? The data has changed, but our prescription is the same: it’s not worth the cost of a four year degree. Forgive the old data (or adjust it forward for inflation), but look at the relative merits of the […]
That didn’t take long, did it?
I gave you this rambling post on college major salaries a few months back. Today I present to you a fresh perspective from the National Association of Colleges and Employers (pdf). It breaks down the categories a little bit differently, but now that we’ve got some hard 2011 data you know the DQYDJians demand a graph!
Admit it – when you woke up today you asked yourself this very question – “is it better to go to college or to become a truck driver?“. Well, so did we here at DQYDJ. Inspired by a Twitter conversation from our friends JT at MoneyMamba and Matt Allen at Rambling Fever, we had to ask… how much do recently minted college graduates make when compared to their truck driving contemporaries? I think we can fairly classify this as an ‘epic post’ – make sure you fully understand my methodology before complaining… then complain all you want in my comments section!
What’s grown faster than inflation the last 40 years? No, not medical expenses. What’s grown faster than that? You guessed it (from the title of this post) – education costs increased almost 1000% from 1978 to 2008, compared to about 300% in the generally price level as measured by consumer inflation. Yes, inflation is one of the categories of spending which is increasing at an off-the-chart-rate.