According to a Globe and Mail article, 18.5% of university graduates earn less than half of the country’s median income of $37,002 – the highest proportion of any OECD country, and a phenomenon experts struggle to explain.
Meanwhile, data from the federal Department of Finance show that while fields such as business, engineering and mathematics have returned 12 to 17% a year on education’s rising up-front costs, rates for disciplines in the humanities and social sciences could be as low as 4 to 6%.
Torben Drewes, a professor of economics at Trent University, believes returns on university degrees will continue to rise overall, but acknowledges students cannot bank on earning an “average” wage.
Read the full story here
Given the alternative of just high school, I would still recommend that you embark on post-secondary education. I know my 18 year old would be relaxing on my couch playing video games with intermittent texting if he were not at university right now.
It's not a guarantee, but it's still worth doing a university degree.
