is income based on education? explain?

Answer 1

Yes,

It is not because people with more money are better educated, but because they have more opportunity.

A recent report on 20/20 followed the life of some people living in poverty in the US. One family couldn't afford a place to live, much less books for the kids to read. Their mother was a crack addict and she couldn't care for he kids proper or read to them.

In an other family they had a house, but the parents always fought and the husband was an alocholic going in and out of rehab. All this stress at home was affecting the little girl's grades in school. She started strong with as and then slipped to Bs.

In the meantime both children lived in gang infested areas, with drug dealers and users running around and so much crime that they had to drive to another neighborhood to go Trick or Treating.

The public school system has been in trouble for a long time with the result of inferior students. Part of the problem is in the school system itself, in the teachers and administrators, but part of the problem is also that public schools have to teach the lowest common dominator. Which means that students who have poor home lives or other problems making them fall behind in their classes have to be taught as well. The poor and the lower middle class have no choice, but to put their children into these schools.

Upper middle class and rich people can afford to put their children in private school. In these schools the teachers and staff have to be more responsive to their parents needs. And these parents want a better education for their children. Also since these are private schools where the students have to pay a tuition the lowest common dominator students come from better backgrounds than those in public school. Most these kids have a home computer to work on. All of them were read to as a child and had books to read early. A lot of them have nannies who watch them closely to report any problems to their parents. Those that do not have nannies have parents who are willing to take more time and interest in their children so these children have an advantage, that can only be afforded by their economic standing.

Then there is college. The best schools are the most expensive so only those with a family that has a higher income are able to attend them. A lot more of these people are successful and land good jobs; this means that a lot of them can afford to be generous alumni, than you would find in many state schools. So once again a better income insures a better education.

The problem in the US is that the gap between the rich and the poor is increasing. It used to take a poor person a year to earn as much salary as a rich person, that figure has gone up to four years. With this increasing gap there will be an increasing gap in education levels. Since a person's on income level is dependent on their education that will only increase the gap.

Okay, I have done your homework for you, now you have to find proof. Call up a few private schools and colleges and ask for their tuition rates, many you can find on the Internet. Look at the difference between minimum wage and hourly wageworkers when compared to CEOs (Chief Executive Officers) then look at how those salaries have changed. The minimum wage is slow to increase and the world of business is dead set against an increase in it. Then try to find proof for the other points I made.

Answer 2

Income is based on one factor alone:how much money you make. Some people have a high level of education, but have a lower income than others with less education. Example: a friend of mine never graduated high school and reads on about a third grade level, but has a good job in a skilled trade and makes $20 an hour, while my cousin has a bachelor's degree and works with kids and he makes like $13 an hour. Somebody with a crappy education could make more than a doctor if they started a company that went huge or something. But, realisticly most people with college make more than those who don't. It's no guarantee, but it helps A LOT. Someone with a 4 year degree tends to make a million dollars more over the course of their life than someone with only a high school diploma.

Answer 3

Income is based on drive and motivation. You could score a good job with a nice income with low education if you carry yourself well and are driven to your best. I mean you have to be able to do the job, you can't be an idiot but look at Cris Gardener the guy the movie the pursuit of happiness is based on he never had high education and he's a millionaire. Income is based on 98% hard work and 2% luck

Answer 4

If it is, then I have always been grossly underpaid because I have a Bachelor's Degree and have never been paid a decent wage for any job I've had, despite having decent jobs. Also, if income were based on education, then athletes and movie stars must be the most educated people on the planet because they make WAY too much money for the work they do, while teachers and others who hold down important jobs, don't get paid enough!

Answer 5

Partly yes, I am an electrician, I can make far more money than someone who has the same amount of years in the trade, because I have been educated by the best trade school there is. And those who have a college degree statistically make more than those without a degree. I of course go against those numbers, because I make over 80k per year and I have a GED. I do however have an IQ that is around 170, so intellect as well an education will give you more $.

Answer 6

Nope, not even close. Income is based on your value, knowledge is based on education. I think what you're really asking is: is there a correlation between income and education. The answer to that is yes. If you lack education you may be excluded from consideration for a job. Being more educated doesn't make you smarter but it may make you more employable.

Answer 7

Nope. Income is based on *application*. It's true that higher educated people tend to seek higher paying work markets, but there are plenty of stories, particularly here in the US, about folks who've just worked hard and made something of themselves.

In my last job, I was making a pretty respectable salary, and had been for all three of my years with that company. I didn't finish my degree until about a year before I left, and it had no bearing on my pay whatsoever.

That being said, there are certain highly marketable skills that it behooves you to learn..speaking clearly, writing well, etc that will help you get farther, if nothing else, to sell you better in an interview.

Answer 8

Yes, and no. For the most part, education does insure a comfortable income, or at least it should. But, I am a truck driver, with a GED and make more than some college grads, not many mind you, but some. I guess it is WHAT you do with your education, or lack thereof, that makes the difference?

Answer 9

Depends on the job...obviously if you don;t have a college education you would have trouble finding a job as a rocket scientist or doctor, etc. Yet there are tons of great jobs out there where education does not matter...yet your skills and work ethic will. Sales is probably the best profession where you can earn lots of money without a degree.

Answer 10

No. I know scads of College Graduates (myself included) who are barely earning enough money to live on. Imagine graduating from Penn State and working as a short order cook at Pizza Hut AFTER graduation years later.

If you want to get money, learn a trade, go to a trade school.

I also know lots of non-educated people who earn lots of money. Of course being in insurance you don't need an education....apparently Just don't need a soul either.

I've also been employed in many places (like my former Alma Mater) where having a degree didn't qualify me for any 'better' job. I worked where I graduated from as a SECRETARY for God's sake. And, the woman who hired me (who only had her highschool diploma) started me at 15,000 because she was jealous of college grads (found this out years later).

There are too many people with degrees out there, and not enoug good jobs to fill them. It's supply and demand, and the supply of grads is outpacing the demand for them. Especially since any good jobs are going overseas to India, China, etc.