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The Bureau of Labor and Statistics (2018) reports that the average earner with a high school diploma will earn about $35,000 per year, an earner with a bachelor's degree will earn about $59,000 per year. The average salary of the high school graduate is what percent of the college graduate?


a) 2.12%
b) 14.7%
c) 41.5%
d) 59.3%

Answer :

Answer:

d) 59.3%

Explanation:

Given;

Average earning of a high school diploma holder = $35,000 per year

Average earning of a bachelor's degree holder = $59,000

The average salary of the high school graduate is what percent of the college graduate

= ($35,000/$59,000) × 100%

= 59.3%

The right answer is option d) 59.3%

The average salary of the high school graduate compared to the salary of the college graduate is 59.3%

Wage differential can be described as the difference in the pay of workers

Reasons for wage differential

  1. Education : on average, those who are more educated earn a higher income when compared with those who are not educated. This might explain why those with high school diploma earn lower than those with a bachelor's degree.
  2. Riskiness of the job: individuals those are engaged in very risky jobs earn an higher rate than those whose jobs are considered not too risky

Percentage = (average salary of the high school graduate / average salary of the college graduate) x 100

($35,000 / $59,000) x 100 = 59.3%

Please check here to learn more about wage differentials: https://brainly.com/question/3851767?referrer=searchResults

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