Drop out of school, make more money – Macleans.ca

by NationTalk on November 6, 2007829 Views

Drop out of school, make more money
Some high school dropouts are earning more than university grads, according to a Statistics Canada report

Carson Jerema, Macleans.ca | Nov 05, 2007 |

University graduates with underwhelming salaries might have been better off dropping out of high school, according to a Statistics Canada report released on Thursday.

The report, authored with Canadian Policy Research Networks, found that some high school dropouts earned more than university grads. The study, based on the 2004 Youth In Transition Survey, tracked labour market participation among the 22-24 age bracket. The study found that 14.3 per cent of those earning the least (less than $360 per week) had university degrees, compared to high school dropouts who accounted for only 12.8 per cent. Moreover, the median wage for high school dropouts was was higher than the lowest average wage for university grads.

http://www.macleans.ca/education/universities/article.jsp?content=20071105_190916_9484

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