It deals with the log of wage as the y-variable, and multiple explanatory variables. For each increase in years of education, a person is expected to have a 5% increase in wage. 1.3% increase in wage with an additional year of experience, holding all other variables constant obviously - ceteris paribus
The model sees a 20% premium if you are married. And paid 13% less if black and 8% less in the South.
Everyone who knows well enough I didn't get a girl knocked up know what school I attend and how old I am.
My school is r3v
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Once again - don't break your arm patting yourself on the back. Still no age or job though?nah, actually... my university decided I was hot shit enough to pay me to go to school and not have me pay for tution, fees, books, etc. corporations and npo's cover the other expenses because of additional merit scholarships. student loans are however paying for my extensive study abroad experiences, which I plan to pay off with my post-grad job
but thanks for assuming psloan and making an ass out of yourself, again.
try again next time
I can one up you though -
I pay for my school in cash out of pocket before every semester
I have 0 debt, own my own brand new house, and buy whatever the fuck I want
I work at the largest NPO Hospital chain in the US and have more than 20 people working under me - many of which have degrees!!
Student loans are a joke. Read some stats on debt.Leave a comment:
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nah, actually... my university decided I was hot shit enough to pay me to go to school and not have me pay for tution, fees, books, etc. corporations and npo's cover the other expenses because of additional merit scholarships. student loans are however paying for my extensive study abroad experiences, which I plan to pay off with my post-grad job
but thanks for assuming psloan and making an ass out of yourself, again.
try again next timeLeave a comment:
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So, you're still in school - your parents pay for your food and tuition and you somehow think that you are hot shit. congrats, really.You talk about talk about things not being THAT RARE, and then claim to never had made a statement about ratio. That may not be a number, but is a claim that a normal person's perception of success rate of an uneducated person is undervalued, based on your perception. You may not be living up to a number, but even as you claim not to be making a statement, you indeed are.
And when you talk about the successful small business owners you know, with the 'majority' without a degree, that does not say much. It should be obvious for anyone who has any understanding of statistics, is you have selection bias. The people you are looking at, and for most part would come into contact with or know to be small business owners, are successful. You don't generally know that the person serving you Starbucks was a failure at operating a small business, or the guy who is a VP at a major software firm was an acquisition following his small firm success and business degree.
People like me and Charlie give you shit because your arguments are weak and simply-put, dumb.
What do I do? I study econometric regression analysis, as well as other things.
Once again - for people like lance who can't read -
I NEVER SAID THAT THE MAJORITY OF PEOPLE WITHOUT DEGREES ARE SUCCESSFUL.
Maybe the caps will help it sink in.
I don't understand how this is happening - but I feel the need to explain myself again.
A degree is not REQUIRED to be successful. Anyone disagree? Let me know.
If not, gtfoLeave a comment:
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I wish that was the case a long time ago man.
Lance, don't break your arm patting yourself on the back. you never answered how old you were or where you go to school - because I know you don't have a degree.Leave a comment:
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You talk about talk about things not being THAT RARE, and then claim to never had made a statement about ratio. That may not be a number, but is a claim that a normal person's perception of success rate of an uneducated person is undervalued, based on your perception. You may not be living up to a number, but even as you claim not to be making a statement, you indeed are.
And when you talk about the successful small business owners you know, with the 'majority' without a degree, that does not say much. It should be obvious for anyone who has any understanding of statistics, is you have selection bias. The people you are looking at, and for most part would come into contact with or know to be small business owners, are successful. You don't generally know that the person serving you Starbucks was a failure at operating a small business, or the guy who is a VP at a major software firm was an acquisition following his small firm success and business degree.
People like me and Charlie give you shit because your arguments are weak and simply-put, dumb.
What do I do? I study econometric regression analysis, as well as other things.Leave a comment:
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I cant believe this argument is still going on.
Degrees are a good thing. Period
Degrees are not for everyone. Period
A degree is not required to be successful. Period
Argument over.Leave a comment:
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Where is the contradiction - and how does that prove that I'm a moron?
I really hate to go there - but how old are you and what do you do for a living?
EDIT - I pretended that I was a retard for a moment and re-read my paragraph. I imagine that the way you are reading it is this:
"The majority of small business owners that I know do not have a degree and are wealthy"
VS
"I have never stated any kind of percentage or ratio"
That is not a contradiction - but my experience regarding small business owners that I know - not persons without a degree as a whole. So uhh....no.Leave a comment:
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way to contradict yourself in the same paragraph numb nuts. for every "success" you see without a degree, 100s more are sweeping up trash at the Cinema or asking if you want fries with that.They are not THAT rare of exceptions. Based off of my experience, the majority of wealthy small business owners do not have degrees. All I've ever argued is that it is possible to be successful - a degree is not required. note that I have never stated any kind of percentage or ratio - just that with some hard work you can overcome not having a degree.
haaaaaaaaaaa. way to prove once again you are a moronLeave a comment:
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Not once have I been right - yet you agree with me? They are not THAT rare of exceptions. Based off of my experience, the majority of wealthy small business owners do not have degrees. All I've ever argued is that it is possible to be successful - a degree is not required. note that I have never stated any kind of percentage or ratio - just that with some hard work you can overcome not having a degree.
however - it looks like you do indeed agree with me - so problem solved!Leave a comment:
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Yeah, you might see jet engines and end up dealing with pricing for Carrier A/Cs. No thanks, I tried to bomb a phone interview with UTC operations, and made it past but then decided to stop pursuing them... so good luck in finding the right match.Leave a comment:
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You just won't admit defeat or that you are an idiot. Not once have you been right.
When you present an "argument" that includes mentioning in a paragraph that you know 3 successful people without degrees, one of which has a Ferrari, it's a weak "argument" and completely worthless. If you had any intelligence, you wouldn't mention outliers in such a discussion.
Everyone knows that it is possible to be successful w/o a degree, but using rare exceptions to argue against that the vast majority of degreed individuals are more successful than non-degreed ones is MORONIC!Leave a comment:

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