Relate the value of education to income over time. Have students make a graph of this information. If Horace Mann had not advocated for public schools, what would be the income difference for a person without a high school education versus one with a high school education?
Using the data, what if the Morrill Acts did not pass? What would be the difference between a high school graduate's income and the income of a person with a bachelor's degree?
Finally, using the graph they made, have students figure out the average annual income for each level of education, assuming they are going to work 50 years.
Lifetime Earnings and Earnings Payoff by Education Level
|Less than a High School Diploma
|High School Graduate
|Some College/No Degree
|Master's Level Degree
|Doctorate or Professional Degree
More wage information:
Unemployment and earnings for full-time wage and salary workers age 25 and over, by educational attainment