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Friday, May 30, 2003
# Posted 7:50 PM by Ariel David Adesnik
Btw, the above article on women's achievement also contains a statistic which says quite a lot about the nature of income inequality in our post-industrial economy: Better-educated men are also, on average, a much happier lot. They are more likely to marry, stick by their children, and pay more in taxes. From the ages of 18 to 65, the average male college grad earns $2.5 million over his lifetime, 90% more than his high school counterpart. That's up from 40% more in 1979, the peak year for U.S. manufacturing. The average college diploma holder also contributes four times more in net taxes over his career than a high school grad, according to Northeastern's [Andrew] Sum. Meanwhile, the typical high school dropout will usually get $40,000 more from the government than he pays in, a net drain on society.Hmmm. If that income statistic is correct, then I still have $2.44 million to look forward to... (Thanks to A at Rational Explications for the link.) Also, RS recommends that anyone with a serious interest in inequality take a look at Jeremy Waldron's Liberal Rights, specifically Waldron's essay on charity and the welfare state. If all y'all get a chance to read it, send in your thoughts. (0) opinions -- Add your opinion
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