What's the Value of Work Experience?
The salary value of education, in sharp contrast, was much lower. Education created an estimated $22 billion.
Work experience created more income than dividends, interest and rental income did ($93 billion), more than social security and public assistance transfers did ($65 billion), and of course, more than what the state’s workers would earn if employers paid them as if they had just started at the entry level ($104 billion).
These are the fascinating, first-time-ever measures developed by New Jobs for Massachusetts, my pro-job growth non-profit, in its newly released analysis measuring the comparative value of work experience.
Most Massachusetts jobs, like pharmacist, require
a blend of education and work experience.