There are many doctors, lawyers, therapists, etc who are juggling mortgages or wanting to buy a house, and loan payments. Your point isn’t mute though
Or moot.
Haha yes, thanks for pointing that out
There are probably a few doctors that get hit pretty hard by that. Most collage grads even with 100k incomes can’t buy a house because any place that pays new hires 100k likely has house prices starting in the 600-1m range
but what about the college wage premium?
When normalized for talent, the premium is quickly diminishing and is closed for many fields of study.
Source?
I always took it to be a quality of life premium with better hours and work conditions but wages are quickly leveling off