The provided table illustrates the variations in the average wages, in pounds, for graduates and non-graduates categorized by age in the UK spanning from the year 2000 and 2010.
Overall, it is apparent that all graduates regardless of age acquired more salaries than those who did not accomplish the degree. Notably, the income of both groups exhibited an upward trend throughout the entire period by the age 62 for graduates and 52 for non-graduates, which demonstrated a reversed pattern.
At the age of 22, bachelor’s degree holders in the UK achieved 15,800 while that of university students was slightly lower at 14,500. In the next decade, the salaries of the former almost doubled to 31,500 which far outstripped the latter at 19,100 during the same period. Furthermore, the figure for graduates steadily increased by 1,300 whereas that of their counterparts remained no change at the age of 42.
Over time, 42-to-52-year-old individuals with a degree obtained a constantly rising wage to nearly 34,000 while their peers got a decreasing salary by almost 1,000. Both cohorts indicate a dramatic decline in the income to 23,100 for graduates and 15,300 for non-graduates when they reached the age of 62. Finally there was a striking disparity in the average salaries between those having a degree and those who do not, with 29,900 and 17,800 respectively.