Unrelated specificlly to the topic of BW and education...
A lot of people are really showing their ages here. I've been out of undergrad for roughly about 18 years now, and what I've noticed throughout this discussion is this misconception that whatever you earn straight out of college, is what you will be earning over a lifetime and that just isn't how it works.
Everyone that I know who started off in social science or liberal arts fields started off on a rough patch income wise, but eventually they found their footing some 5 years in and ended up making double or MORE than triple that over a 10 year period.
Someone with a psychology degree is not going to earn 35k a year for LIFE. Normally that's the expectation after graduation. But after a few years of experience doing something along with a few promotions, and/or a job change here and there, AND with a little more education (either through advanced degrees or certifications)--they end up climbing the ladder somewhere in that 5-10 year range.
I say all this to say that you cannot gauge the value of a college degree based on where someone is income wise within the first few years after graduation; it's completely MISLEADING. You have to really look at where they are at 5,10,15 and 20 years down the road.
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