EDUCATION AND EARNING POTENTIAL Choose a path and follow it quickly! It pays ($$) to have a goal.

Bell Work On your note sheet, write a two- sentence summary of what you remember from the articles you read concerning earning potential based upon education.

Objectives Students will graph salaries based on education level for a ten-year period following High School graduation. Students will discover the $$ advantage of planning a career path early. Students will find out how much $$ they might lose by not getting some sort of training right after high school.

Choosing a Career Pathway 5. Pick a Pathway that you are interested in for a future career. Write the cluster and pathway you chose here!!

Find a Career – no results Click on the + sign next to High School Completion. One of 2 things will happen. 1.It will say “There are no results to display.” If this is the case, write “minimum wage job” on your note sheet right here. Minimum wage job

Figuring Annual Salary from Minimum Wage Arizona minimum wage is $8.05/hour. Based upon a work-week of 40 hours, and yearly employment of 50 weeks (assuming a 2-week unpaid vacation), the annual salary for a minimum wage employee is $16,100. Write this amount on your note sheet. ($8.05 x 40 hrs. x 50 wks. = $16,100) 16,100

Find a Career – with results OR 2. A list of jobs will appear. Pick one of them and write the job title on your note sheet here:

Record Annual Salary Based upon a High School Education Click on the career you chose and scroll down to look for the Arizona Median Annual Salary. Write that amount on your note sheet. (If no results showed up in your choice for high school education, then you will record the minimum wage option explained on the next slide.) Write this amount on your note sheet.

Record Information Based upon an Associate’s (2 or 3 year) Degree or Certificate Go back to the Career Pathway and select Associates Degree or Certificate and select another career. Record the Job Title and the Arizona Median Annual Salary on your note sheet.

Record Information Based upon a Four-Year Degree (Bachelor’s Degree) Go back to the Career Pathway and select Four-Year (Bachelor’s) Degree and select another career. Record the Job Title and the Arizona Median Annual Salary on your note sheet.

This is how the note sheet should look now: Minimum wage job $16,100 Teacher Assistant $22,010 CTETeachers - Secondary $ 45,870 Education and Training Teaching and Training

Table Instructions and Parameters The annual salary data you find will be entered into this table. After completely filling in the table, you will use the data to create a graph representing the salary forecast for each level of education.  For High School Education or Minimum Wage Salary, use the salary you recorded beginning in Yr. 1 to find all subsequent years’ salaries.  For Associate Degree, use ½ the Minimum Wage Salary for Yr. 1 and Yr. 2 (assuming part-time work during the 2 years it will take to obtain the degree or certificate). Use the salary you recorded starting in Yr. 3.  For Bachelor’s Degree, use ½ the Minimum Wage Salary for Yrs. 1-4 (assuming part-time work during the 4 years it will take to obtain the degree). Use the salary you recorded starting in Yr. 5.

Table Instructions for High School Salary 1. Minimum Wage Annual Salary: In Yr. 1, enter the Annual Median Salary you recorded on your note sheet for minimum wage annual salary. To fill in the other years, give yourself a 1.28% cost-of-living increase each year. Round to the nearest dollar. For instance: $16,100 $16,306 etc.

Table Instructions for Associate’s Salary In Yr. 1, enter ½ the minimum wage annual salary. (based upon working 20 hours/week at a minimum wage job while in school). Give yourself a 1.28% raise on that salary for Yr. 2. Enter the Annual Median Salary you recorded on the Associate’s line of your note sheet for Yr. 3. To fill in the other years, give yourself a 2.5% cost-of-living increase each year. For instance: $8,050$8,153 $22,010$22,560

Table Instructions for Bachelor’s Salary In year one, enter ½ the minimum wage annual salary for Yr. 1. (based upon working 20 hours/week at a minimum wage job while in school). Give yourself a 1.28% raise on that salary for Yrs Enter the Annual Median Salary you recorded on your note sheet for Yr. 5. To fill in the other years, give yourself a 2.5% cost-of-living increase each year. For instance: $8,050 $45,870 Etc. $47,017 $8,153

Graph Your Results Necessary Components: Title Y-axis label X-axis label Key Choose appropriate and equal intervals for the x-axis (years) and the y-axis (dollar amounts).

Graph Example KEY

Hand-Draw the Graph

Student Closure Find the total income difference between each level of education. How much income would be lost by postponing a bachelor’s degree for four years? Based upon the above findings, what conclusions can you draw?