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The table shows median annual earnings for women and men with various levels of education. Assuming the difference in the table remains constant over a 40-year career, approximately how much more does a man with a bachelor's degree earn than a man with a high school education?

\begin{tabular}{|l|c|c|c|c|}
\hline & \begin{tabular}{c}
High \\
School \\
Only
\end{tabular} & \begin{tabular}{c}
Associate's \\
Degree Only
\end{tabular} & \begin{tabular}{c}
Bachelor's \\
Degree Only
\end{tabular} & \begin{tabular}{c}
Professional \\
Degree
\end{tabular} \\
\hline Women & [tex]$\$[/tex] 21,449[tex]$ & $[/tex]\[tex]$ 39,600$[/tex] & [tex]$\$[/tex] 49,134[tex]$ & $[/tex]\[tex]$ 80,416$[/tex] \\
\hline Men & [tex]$\$[/tex] 40,641[tex]$ & $[/tex]\[tex]$ 50,445$[/tex] & [tex]$\$[/tex] 66,757[tex]$ & $[/tex]\[tex]$ 119,216$[/tex] \\
\hline
\end{tabular}

A man with a bachelor's degree earns [tex]$\square$[/tex] more than a man with a high school education over a 40-year career.



Answer :

GinnyAnswer
To determine how much more a man with a bachelor's degree earns compared to a man with only a high school education over a 40-year career, we need to follow these steps:

1. Identify the median annual earnings for men with a high school education and for men with a bachelor's degree from the table.

- Median annual earnings for men with a high school education: \$40,641
- Median annual earnings for men with a bachelor's degree: \$66,757

2. Calculate the difference in annual earnings between the two education levels.

- Difference in annual earnings = Earnings with a bachelor's degree - Earnings with a high school education
- Difference in annual earnings = \[tex]$66,757 - \$[/tex]40,641

3. Multiply the annual difference by the number of years in a 40-year career to find the total earnings difference over this period.

- Total earnings difference = (Annual difference) 40
- Total earnings difference = 26,116 40
- Total earnings difference = \$1,044,640

Therefore, a man with a bachelor's degree earns \$1,044,640 more than a man with a high school education over a 40-year career.

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