Final answer:
While higher education generally correlates with higher earnings, it is not correct to infer that a person with a doctorate will always earn more than someone with a bachelor's degree due to other factors influencing salary.
Step-by-step explanation:
The relationship between a person's level of education and their salary is complex and influenced by a variety of factors. While U.S. Bureau of Labor Statistics data from May 2012 shows a positive correlation between earnings and education, suggesting that higher levels of education are associated with higher earnings and lower unemployment rates, it cannot be inferred that a person with a doctorate will always earn more than a person with a bachelor's degree.
Many other factors play a role in determining salary, such as experience, industry, and economic changes that affect the job market. For example, certain technical or highly skilled positions might offer higher salaries for those with a bachelor's degree compared to non-technical roles that require a doctorate. Moreover, the value of education has shifted over time, with a bachelor's degree gaining significance as the value of just a high school diploma has declined, leading to changes in income inequality.
Therefore, the correct answer is B) No, because other factors may also influence salary, such as experience and industry.