It is widely believed that the more education one receives the higher the income

Question

It is widely believed that the more education one receives the higher the income earned at the time of first employment and over the course of a career. However, due to varying reasons, many people never complete high school and, thus, never receive their high-school diploma. Although individuals without a high-school diploma are often able to find employment, they experience economic outcomes quite different from those who finish high school before entering the workforce to earn a living. Across the nation, there are millions of individuals with families who are now working but do not possess the credentials of a high-school diploma. Many of these individuals and their families are considered to be a part of the working poor that make up a considerable portion of this nation’s labor force.

Explanation / Answer

The theory mentioned in the question is quite true, but still there are quite a number of exceptions. Especially the ones who start their own venture or business. But it is seen on average that those with higher education earn more than the ones who don't finish their high school. There is a chance that these people may earn as much as ones with higher education, but only after gaining considerable work experience, since no company wants to offer more to people with no degree to show.

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