Degrees don't always mean a better income
According to a recent Stats Canada article, https://www150.statcan.gc.ca/n1/daily-quotidien/230118/dq230118b-eng.htm, even if you earn a bachelor's degree, if you are racialized, you are more likely to have lower employment earnings than their non-racialized peers. But that is not the whole story.
(Please note that in this article, I use the terms Stats Canada uses to describe people or groups. This does not mean that I accept or condone these terms. It is done to reduce confusion when you read their article.)
The study highlights that nearly 400,000 Canadians obtained a bachelor's degree between 2014 to 2017. Racialized Canadians account for 30% of those degrees. Some racialized groups have higher levels of education than the national average. Population,s including the Korean, South Asian, Chinese, Japanese, West Asian, Arab, and Filipino populations, hold educations level above the national average.
Interestingly, Latin American immigrants who immigrated in 2001 or later were more likely than Canadians overall to have a bachelor's degree or higher. The same pattern was seen for first- and second-generation Black Canadians who were born in Africa or who had at least one parent who was born in Africa.
However, Latin American immigrants who arrived before 2001 in Canada and third-generation-or-more Black Canadians (those born in Canada with both parents born in Canada) were less likely to obtain a bachelor's degree or higher than Canadians overall.
Racialized graduates generally have lower employment incomes than non-racialized, non-Indigenous graduates.
There are income gaps between graduate populations. racialized graduates had employment incomes lower than non-racialized, non-Indigenous graduates. It was also lower among women than men. Employment income averaged $45,700 per year for racialized women and $47,800 for non-racialized and non-Indigenous women, compared with $51,600 for racialized men and $54,100 for non-racialized and non-Indigenous men.