Reality: What the Numbers Tell Us
We can argue all day long, but there's an easy way to determine which will get you the better job, if you define "better job" in terms of pay check. A 2010 report from the National Bureau of Labor Statistics sums it up this way: "Education pays in higher earnings and lower unemployment rates ." According to the chart, as the level of education increases, from high school diploma on up through various college degrees, the earnings increase with it - but only up to a point. A master's degree gets you more money than a bachelor's degree; a professional degree gets you more money than a master's degree; but a doctoral degree, the highest point of educational attainment on the list, actually gets you less money than a professional degree. So, higher education pays higher wages to a certain point.
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