Monday, September 24, 2012

Falling average earnings for college graduates

The Atlantic: The Graph That Should Accompany Every Article About Millennials and Economics

Real earnings for young grads with a college degree have now declined for six straight years. "Real average earnings for young grads have fallen by over 15% since 2000, or by about $10,000 in constant 2011 dollars," PPI reports.

This is a serious employment problem, and demonstrates a dis-incentive to earning a college degree.  It also reinforces the argument that there is no shortage of qualified applicants for most jobs in the US.

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