Education, not gender or race, now largest factor in worker earnings

Despite a little skepticism, it still more than pays to go to school. In fact, education has a greater effect on how much one earns over their career than does race or gender, according to a new study by the U.S. Census Bureau, the Huffington Post reports. Based on data from before the recession, between 2006 to 2008, the report estimates that over a forty-year career, the variation in annual earnings between the least educated (or those with an eighth grade education or less) and the most educated (those with a doctorate degree) is $72,000. That’s five times higher than the difference in annual earnings between genders, which stands at $12,618. It’s also substantially more than the difference between whites and other races…

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