Education and Employment
The BLS has compiled some data showing, not surprisingly, that unemployment is negatively correlated with educational attainment. Here‘s a nifty graph:
Matt Yglesias suggests, “[I]f someone you know is considering dropping out of high school, you ought to do everything possible to convince him or her to reconsider. Even in non-recession times, the labor market outlook for people who don’t finish high school is very bad.”
Now, I don’t happen to know anyone thinking about dropping out of high school (or, for that matter, all that many people in high school — I’m 44, after all) but I would certainly advise them against it. But the data are at least somewhat skewed. The fact of the matter is that, for two generations or more, it’s simply expected that people graduate high school and strongly encouraged that people go on to college. So, the type of person who drops out of high school is likely the type of person who’s going to have a hell of a time holding a job because of personality factors.