The educational level of children correlates with their future economic success. Figure 4-A indicates the existing strong and positive relationship between education and earnings in the United States. In 1998, a male high school drop-out earned a median salary of $16,818 annually; a female earned $8,861. A male high school graduate earned a median of $25,453 per year; females earned $13,407. A male with a bachelor's degree earned a median annual salary of $41,949; a female earned $26,401. As the figure indicates, employment and domestic wage levels directly relate to educational attainment. Source: Department ot Commerce. Bureau of the Census. Educational Attainment in the United States: March 1998 (Update) Table 8. Restricted to persons 25 years and over.
Figure 4-A. Median Income by Higher Education
That correlation is likely to be further enhanced by the evolving international labor marketplace, where the American niche is likely to be technical services. Future projections anticipate continued international competition for low skill jobs, particularly factory and other non-service manual labor. In 1984, 24% of U.S. jobs were characterized as “high skill” and 40% as “low skill.” Trends as projected past 2002 reverse that balance to 41% high skill and 27% low skill.1