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Originally Posted by Rainger99
87% of students graduate high school within 4 years.
COE - High School Graduation Rates
A significant number go on to college or trade school.
We are talking averages here.
If you focus on the small minority that don’t graduate high school, I agree that their earnings may be below average in the above example.
However, if 87% graduate high school and most of them go on to higher education, then the vast majority of those people will probably have average earnings and if allowed to invest in the market, they will probably have a significant amount of money when they retire. |
You're the one who brought up high school drop-outs earning $29,120 a year. Here's the words you posted, from your post:
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For those people, who don't want to go to college, the minimum wage in Florida goes up to $14 an hour in September. That is $29,120 a year for a high school drop out. I assume that most 17-20 year old people will start at $14 an hour and hopefully get raises as they gain experience in their job.
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Consider also most 17-year-olds haven't graduated high school yet, even if they plan to graduate. So no, most 17-year-olds won't be getting full time jobs at minimum wage, while they're 17 years old. They'll be busy going to high school, preparing to graduate.
In addition, MOST full time jobs aren't minimum wage jobs. MOST full time jobs pay more than minimum wage, AND come with health insurance, paid time off, and some manner of pension or 401k. MOST 17-20-year-olds are not working those jobs, while they are 17-20-years old.
In addition, $29,120/year doesn't even cover the minimum cost of living for a single individual with no children in Florida. The minimum cost of living for a single individual in Florida with no children is over $50,000/year. In addition, at $29,120/year, a single individual living in Florida would qualify for SNAP benefits (food stamps).