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You'd be surprised at the number of people with university degrees who are working for high-school dropouts.
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If stats were kept on this kind of thing, I doubt I would be surprised. An almost totality of studies point to the fact that college graduates do better than high school graduates, and high school graduates do much better than drop outs. The Economist just had the yearly study.
However, at least down here in Canada's tummy, a drop out can get a GED and then go on to college. In that sense, there would be a favorable disparity between them and those who stopped at their HS diploma.
Also, in America, most "tradesmen" have more than a diploma. Even landscaping businesses here ask for an Associate's degree when hiring. And anything to do with electrical, plumbing, carpentry or general contracting usually requires an extensive licensing course and testing.