Final answer:
The statement is true; higher levels of education generally lead to increased income and lower unemployment rates, as evidenced by U.S. Bureau of Labor Statistics data.
Step-by-step explanation:
True, generally income increases as education increases.
Data collected by the U.S. Bureau of Labor Statistics strongly supports the notion that there is a positive correlation between education and income – that is, as the level of education increases, so does income. The same data further reveals that with higher levels of education, individuals are less likely to experience unemployment. This could be because higher education equips individuals with more specialized skills and qualifications, making them more valuable in the job market. Additionally, as one acquires more education, the range of career options and opportunities for advancement often expand, which can lead to increased earning potential. Furthermore, employers have specific performance expectations that tend to be matched with educated individuals who have pursued additional education and training, leading to better compensation and benefits.