Half of College Grads earn Less now Than in 2000

Category Labor Rights

These numbers undermine the whole argument made by defenders of the current order. They would argue that just by getting a college education that would be enough to pave the road for financial advancement. It also shows obama’s policies were not so great. College graduates are amassing large student loan debts and seeing little for it:

Median earnings for college grads stood at $24.99 per hour in 2016, about 1.5 percent less than they earned in 2000, according to EPI. Every income group among bachelor degree holders below the median also earned less in 2016 than they did in 2000. Those in the 60th percentile and above, however, benefited from wage growth during the past 16 years.

…Men with only high school degrees or some college education were among the economic losers during the past 16 years. Wages for those groups declined 0.1 percent and 0.2 percent on an annualized basis. Weaker unions, a federal minimum wage that remains mired at $7.25 an hour and globalization may be taking a toll on wages for less-educated workers.

Leave a Reply