South Carolina faces a potentially troublesome future with the rate of high school dropouts in the state. The implications of this trend not only influence the immediate earning potential of a dropout, but reach far into the future with implications for public welfare.
The Bureau of Labor Statistics has shown that high school dropouts earn an average under $20,000 annually (female dropouts age 25-34 earn less than $15,000) compared to their high school graduate counterparts who earn $28,800. The average annual income for an adult with a bachelor’s degree jumps to $46,300. Over the course of a thirty year working career, a college graduate with a bachelor’s degree will earn almost $750,000 (with no adjustments for inflation) more than a high school dropout.
The differences in the income levels between the college graduate and high school dropout are significant, particularly when considering the impact of the lessened tax rates on public services and infrastructure. Read the rest of this story »
Dr. Harold Long is an author, educator and researcher who works with local, state and national organizations. He is a Professional Development Associate with Achievement Link Consulting.