From the bar chart given above, we can observe that it reflects the statistics of income among people of different educational background. Those who possess a doctoral degree earn 1,551dollars median weekly, ranking first among people of other education level. The median weekly earnings of people with associate degree and below can not reach the average of 797 dollars, ranking from 768 dollars to 451 dollars. As for the unemployment rate, 2.5 % of people with doctoral degree will suffer form unemployment. However, the unemployment rate of people with some college, no degree and lower degree surpass the mean value of 7.6%, ranking from 8.7% to 14.1%.
The bar chart of Education Pays reveals a phenomenon that there exits some difference in incomes and unemployment rate among people with different educational level. Quite a few reasons can account for this phenomenon: for one thing, with the advancement of technology and the adjustment of industrial structure, quite a few high-tech industries emerge overnight, which leads to a soar demand of workforces with high educational degree, thus, it is natural that graduates with bachelor’ and higher degree get a high pay-packet and enjoy a stable job. Additionally, those with educational background under associate degree are easily dismissed and paid by low salary. They can be replaced any time due to the fact that their jobs are easy and can be finished by average people.
Definitely, the higher education degree you get, the more likely you are to enjoy a competitive edge in the employment market. Thus, the authorities should enforce some policies to ensure the equity of education. Only in this way can more people lead a stable and comfortable life.