number 48 hald income ol ealth cre annaal 47-50. value of Education. The todkmen

Question

number 48

hald income ol ealth cre annaal 47-50. value of Education. The todkmeng nualeamings jin 2011) o women and se High school Associates Bachel's P hat pets uying a new Men S10,47 uying a new Men0,$30,928 1 $11947 iums for 47 Assuming the diflerence showu in he tsble remains consiant respectively Er a 10 year CWErr approsimnely how much mme dors sfor the oldnwith a hachelorh degree earn than a man wiah a high school edocation expensive 48 Assuming the dillerence shown im the table temains constan eser a 10jrar career, approximately how much les does a "oman weh hachelor, depee earn than a woman wmh . r pets 13 degree

Explanation / Answer

Oh! man, the numbers are really blurr here.

Assumptions/ Understanding from the table -

1. The incomes given in the table are annual income

2. Women with bachelor's degree only earns - $49,106

3. Women with professional degree earns - $80,718

Difference in earning of bachelor vs. profession degree holder in one year - $(80,718 - 49,106) = $31,612

Since this difference remains constant for 40 years,

$31,612 x 40 = $1,264,480 is in total a woman with bechelors' degree earn lesser compared to woman with professional degree.

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