by Calculated Risk on 6/06/2009 06:36:00 PM

Earlier I posted a graph on unemployment by education level (and a table from the BLS on compensation by education level), see: Unemployment Rate and Level of Education

Education clearly matters, but does it pay? I think it does, but it depends on the cost of education and opportunity costs. Eric sent me this cartoon that captures the reaction of many graduates ...

From cartoonist Eric G. Lewis. Click on cartoon for larger image in new window.