So if everybody in the country had a masters degree people would all earn 2.5x as much?
Obviously an increase in PhD programs in french-fry frying would raise incomes even further.
Obviously an increase in PhD programs in french-fry frying would raise incomes even further.
The point, if you want a job, is to be competitive in a cutting edge field.
I'll start worrying about what happens when everyone has a Master's Degree when 20% of the population has a Master's Degree.