Career Calling

September 11, 2011

Declining Salaries for College Graduates

Filed under: Job Market Trends — claycerny @ 1:37 am
Tags: ,

Laura Clawson of the Daily Kos is writing must-read articles for anyone who cares about labor issues.  Today she examines declining wages of college graduates.  We’ve heard over the past few years that it is harder for college graduates to find jobs.  Now we see that the jobs they do find are paying less.  Over the last ten years, both male and female college graduates have seen hourly wages shrink by almost a dollar (men from $22.75 to $21.77; women from $19.48 to $18.43). 

President Obama and other political leaders talk jobs, jobs, jobs.  They are not addressing the other crisis facing working people:  wages.  Many workers have seen their wages go flat or decline over the last few years.  At the same time, inflation is up, especially for necessary items like food and energy.  I am not denying that we are in a jobs crisis.  The problem, however, is not just the number of available jobs, it is also what people are being paid – a wage crisis.

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