- Capitalism and Alternatives -

Speaking of numbers...

Posted by: Stoller on October 05, 1999 at 14:29:19:

In Reply to: Anecdotal observations posted by Stoller on October 03, 1999 at 19:35:45:

Stuart: You think I was born with capital, Barry? I hold only a high school diploma and have received nothing from anyone except talent from God, a work ethic from my parents, and a job from my previous employers...

The median income in America is $35, 492 a year.

For those with only a high school education, the median income is $32,295. That gives a telling indication of just how many people in this country do not receive higher education. For those with a B.A. or above, the median income is $59,978 a year.

Obviously, an income of $32,000 a year will not engender an entrepreneurial empire! Those 'self-made men,' entrepreneurs who 'made it' with only a high school diploma are very rare exceptions in a nation where---on the average---access to higher education means an income level twice that of those who cannot. I'm glad you are one of those rare exceptions, Stuart---but statistically speaking, you do not represent the average American.

Source: Statistical Abstract of the United States, 1998, table 740, p. 469.

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