Silent Revolution
Silent Revolution
The
graph above outlines one of the most powerful demographic shifts of the
past 50 years - and it hasn't really been mentioned too loudly (data
from U.S. Census via Creative Class Blog).
The
graph's a little hard to read, so here's what it shows: it's
educational attainment by age (Americans only), cut to show which sex
has a higher % of each category of education. If you look at
people age 60-64, people with masters degrees or higher are more likely
to be men; the opposite for people without high school degrees.
The
big story here is that this ratio has completely flipped over the past
30 years. Amongst masters and bachelor degree holds, they're
overwhelmingly female - and the trend is not about to let up.
And
as for why this is significant: earning power. The chart below
shows earnings by educational attainment (age 21-64; data is a little
stale - it's from '99; source here).
You earn 2.5x as much if you're a graduate degree vs. no high school -
and that trends not about to change any time soon:
Sunday, January 20, 2008