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Suppose the real wage rate after adjusted for ination declines over time forjobs with high school diploma. Given that circumstance for H5 diploma holders taking

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Suppose the real wage rate after adjusted for ination declines over time forjobs with high school diploma. Given that circumstance for H5 diploma holders taking a job without pursuing college degree has both short term and long-term implications for wage growth. Assume that the earnings (wages) with college degree is potentially at least ten times higher than the earnings with HS diploma over the entire life span of work. In addition, the benets of getting a job with college degree is expected to provide other opportunities such as career advancement, skill development, leadership and management opportunities and related experience which are perceived to be difcult to gain, if not impossible, without a college degree. If the real-world statistics of earning records from jobs with HS degree vis-a-Vis the job with College degree show consistency with the above statement, then the true opportunity cost of going to college is expected to be ............................ , other factors remaining the same. none of these answers are correct, more information is needed much higher and so college degree is less attractive much lower and should consider going to college unable to provide correct estimate in making the decision

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