Final answer:
According to the Bureau of Labor Statistics, educational level drastically affects income, with master's degree holders earning a median annual salary of $153,452 compared to bachelor's degree and high school diploma holders, who earn $63,648 and $34,528 respectively.
Step-by-step explanation:
The Bureau of Labor Statistics (BLS) provides data that demonstrate the impact of educational attainment on earnings and employment levels.
\ For instance, in 2015, the median income for full-time workers over 25 years old possessing a master's degree was significantly higher than for those with a bachelor's degree or high school diploma.
The average weekly median income for master's degree holders was $2,951, which amounts to an annual salary of $153,452 when multiplied by 52 weeks. In comparison, individuals with a bachelor's degree had a median weekly income of $1,224 and an annual salary of $63,648, while those with only a high school diploma earned a median of $664 weekly, translating to $34,528 annually.