Educational Level and Pay
Generally speaking, jobs that require high levels of education and skill pay higher wages than jobs that require few skills and little education. Statistics from the Department of Labor's Bureau of Labor Statistics (BLS) validate this viewpoint by revealing that the unemployment rate among people who have a professional degree is significantly lower than that of people who have a high school diploma or less than a complete high school education. In addition, earnings increase significantly as a worker's degree of education rises.