Education Is The Key To Better Jobs, concludes the Hamilton Project. (The chart’s “some college” group includes people with associate degrees and certificates, I believe.)
However, charting the superior earnings of college graduates doesn’t answer the chicken-or-egg question: Do college graduates earn more because of the degree or because they were smarter and more goal-oriented in the first place?
In The Atlantic, Derek Thompson displays an earlier Hamilton graph, which compares the rate of return from an associate and bachelor’s degree against other investment options. Because community college tuition is so low, the associate degree has the highest rate of return.