What’s A Master’s Degree Worth?

What Is the Actual Value of a Master’s Degree?

Graduates with their master’s, for instance, are less than half a percent more likely to be employed than those with only undergraduate educations, according to the Bureau of Labor Statistics. And, although master’s degrees are associated with an average salary increase of nearly $12,000, earnings benefits vary greatly by discipline. Data from Payscale.com suggest that master’s graduates in some fields (such as literature and history) do not increase their earnings at all. For students in those fields, earning a master’s degree may most notably lead to a large amount of debt. The biggest boost from a master’s degree accrues for students in science and engineering fields.

While employment and earnings data do not suggest that a master’s degree boxes out bachelor’s recipients from getting jobs, master’s degrees may have different benefits beyond measurable employment data. A key advantage of a master’s degree may be helping grads boost their job satisfaction instead of salary. For example, a master’s degree could secure a history- or literature-related job for a worker even though bachelor’s graduates could have earned a similar salary doing work unrelated to their field of study. The job of a worker with a bachelor’s degree would be less satisfying to them than the one they would hold after earning a master’s degree. In other words, master’s degrees may give the same edge over fellow job applicants and entry-level employees that used to be the benefit of a bachelor’s degree.

The sharp increase in master’s degrees indicates that undergraduate degrees—once the hallmark of intellectualism and achievement—are now losing their relative value. What was once exceptional has become a basic requirement. Despite the extra expense, the growing market for master’s degrees suggests that students see value in earning one.

Yet, for the edge it gives workers during the job hunt, choosing to earn a master’s has a hefty cost: Of graduates with educational debt, those with master’s degrees owed a median of $56,049 in 2016 for their undergraduate and graduate degrees, more than double the debt of those with only undergraduate degrees. And the debt burden is increasing—since 2012, theaverage master’s graduate’s debt has gone up almost $5,000.

Outside of STEM most Master’s Degree programs are pure garbage. Nothing but cash cows for schools that only make the student debt crisis worse.

Rule Five Fake Doctors Friday — Animal Magnetism

There are, unfortunately, many more kinds of pseudo-scientific health care woo floating around out there than just Gwyneth Paltrow’s specific form of bullshit. Charlatans come in all shapes and sizes; here are some good tips on how to spot these assholes. Excerpt: The latest in a sadly recurrent theme of people posing as doctors when…

via Rule Five Fake Doctors Friday — Animal Magnetism

My health care advice always starts off with:

1. Don’t get sick.

2. Stay out of the hospital if at all possible.

3. Sounds too good to be true? It is.

Damn, this pose is sexy! Not sure what it is (beyond the purdy girl), but me likey alot.



U.S. Citizens Only Exist To Pay Government Employees Wages and Pensions



Illinois is in major financial trouble and now some politicians want to tax private retirement funds solely to pay for public pensions.

The previous administrations have promised HUGE pension payouts to government workers. They promised way too much, and now they’re in serious financial trouble.

They are seriously talking about stealing money through taxation of peoples real retirement funds to hand over to those who have been promised extra large state and public pensions.

Fortunately, State Rep. Allen Skillicorn, R-East Dundee, has introduced a constitutional amendment that would forbid taxing retirement and pension income. But will it happen soon enough? Will it get passed?

They’re doing something similar in Louisville. Raising taxes on insurance premiums to pay pensions for city workers.

Goodbye, Blue Monday — Animal Magnetism

Goodbye, Blue Monday!Thanks as always to Pirate’s Cove and The Other McCain for the Rule Five links! Speaking of Rule Five: Apparently six-bots might not only screw you – they may screw you up as well. Excerpt: From the Drudge Report to The New York Times, sex robots are rapidly becoming a part of the global conversation about…

via Goodbye, Blue Monday — Animal Magnetism

Animal posts some good stuff at his blog…