Education and Pay

Education and Pay

Your income is tied to your education and training.

Education

• Education above high school causes an increase in wages.

• Training continues throughout your career.

• Problem solving skills (creative thinking) will help you in your career.

Employability Skills of the Future

• Problem-Solving and Reasoning

• Computer Operation

• High-level Reading, Math, & Communication

• Ability to Work as a Team Member

• Ability to Make Decisions

• Adapt to Change

Multiple Choice

Your employer wants you to be able to adapt to change.

• Yes

• No

Multiple Choice

Your employer will constantly help you make decisions so you do not have to make them.

• True

• False

Education Pays...

• Higher Income

• Lower Unemployment - You are more likely to have a job if you have more education

Pay

• High School Diploma - $29,448 per year

• Bachelor's Degree - $54,689

• Master's Degree or Higher - $79,946

Multiple Choice

You will make more money if you have a high school diploma rather than a college diploma.

• True

• False

What is minimum wage?

• Lowest wage permitted by law.

• Intended for employees with no experience.

• Not intended for people to support families on.

Retirment

You will have to work until you are 67 before you can retire with full benefits.

What are full benefits? That means that you will get the full amount allowed every month from Social Security.
Social Security is an amount you and your employer paid into every paycheck. 

Let's Do the Math

$7.25 per hour x 40 hours per week = $290
$290 per week x 52 weeks (in a year) = $15,080
x 49 years (if you work from 18-67) = $738,920

Skilled Labor

Skilled laborers usually go to technical college for 2 years.

$15.00 per hour x 40 hrs/week x 52 wks/year = $31,200

x 47 years  (age 20 until retire at 67) = $1,466,400.00

Multiple Choice

You make more money as a

• high school dropout

• high school graduate

• skilled worker

Multiple Choice

You can retire at 67 and get full Social Security benefits.

• True

• False