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Jobs & Education. Does Education Pay Off?. List THREE high paying jobs:. List THREE low paying jobs:. What factors influence pay?. Skill level required (no previous training, e.g. fast food) Danger factor (jet test pilot) Unique talent or skill (sports, acting, music)
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Jobs & Education Does Education Pay Off?
What factors influence pay? • Skill level required (no previous training, e.g. fast food) • Danger factor (jet test pilot) • Unique talent or skill (sports, acting, music) • Level of education required (engineer, doctor) • Supply and demand (nursing shortage)
Does Education Pay Off? • $23,600 • $7,100 • $22,200 - $15,100 = $7,100 • $174,000 (10 yrs. X $39,600 = $396,000 minus 10 yrs. X $22,200 = $222,000) • $8,500 • ? (human investment capital – investment of time and money in college and training)