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In 2004, the Brazil division won Pestana's business unit of the year award for achieving a 31% average annual earnings growth rate. Mueller asserted that a college degree "roughly [doubles] average annual earnings," which is an excellent example of the fallacy of the average: While college is a great financial investment for some, especially those going into highly paid professions requiring advanced degrees, it is not a particularly productive investment for many others who attend largely because government has made it appear artificially inexpensive. Average annual earnings for full-time early childhood educators and assistants working at home were approximately $15,000 and for those working elsewhere were just over $21,000; |
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