The article discusses the increasing income gap between college graduates and non-graduates, highlighting a report from Bloomberg Businessweek by Dorothy Gambrell and Marie Patino. As of 2023, individuals aged 25 to 34 with bachelor's degrees earned 200% more than their peers without degrees. Although this represents a substantial earning advantage, the income premium associated with having a college degree has decreased over time, compared to peaks experienced in previous decades, specifically since 1960 when the premium reached 237%. This trend underlines the evolution of the job market and educational landscape.
In 2023, 25- to 34-year-olds with a bachelor's degree earned 200% more than those without, reflecting a decrease in degree premium over generations.
The income premium for college graduates is decreasing over time, indicating a changing landscape in education and earnings, prompting a reevaluation of degree value.
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