Posted on 05/18/2012 6:09:07 PM PDT by Nachum
Newly minted college graduates lucky enough to find a job after leaving school are in for a shock: They’ll likely be earning less money than they would have a decade ago. Since 2000, these young workers have seen inflation-adjusted wages deteriorate, according to research by the Economic Policy Institute. Here’s the math: In 2011, fresh college grads earned an average of $16.81 an hour, or about $35,000 a year. That’s down 5.4% from 2000. Women fared worse than men. Their wages declined 8.5% to $15.74 an hour over the same period while those of men
(Excerpt) Read more at latimes.com ...
According to the “occupy” freeloaders, new college grads aren’t interested in earning money. They’re busy right now destroying freedom and capitalism.
New college grads earning less than a decade ago...
McDonalds paying less nowadays?
Considering that the salary isn't much more or par with an entry level engineer, who would want to take that job, especially if its in an area with a moderate to high cost of living.
H-1b visa program needs to end today. It is getting f-ing ridiculous.
....things that are worthless on the job market which is looking for engineers and high level sales people....
I like when the wanted ad says 5 years experience in a computer language that has only been out 2 years.
Tailored to match the phony resumes put out by H1-B workers.
One of Obama's background statements would meet that requirement.
a motivated individual can easily make 35k a year repainting curb numbers for $25 a pop, had mine painted today by a guy that has been doing it 20 years. He did half of my street yesterday.
That and we need less college grads and more trade schools and apprenticeships producing makers and builders.
You didn’t get the memo, high school shop classes are sexist.
Bingo. A “college” degree is a meaningless term. I was talking to two girls who are getting degrees in journalism and the other in social studies. So when they graduate they’ll earn $20-25K/year if they find jobs.
If the average salary of a college grad is $35K there are the ones making $70K and the ones making $20K skewing the numbers to get a net $35K. College makes no sense for many careers. Better the experience.
My ex wife’s father was a line painter and made damn good money working for himself because there aren’t a lot of companies doing it.
That was almost 20 years ago and he was charging 9 cents per linear foot on big jobs and 11 cents on small ones. The parking spaces in a fair sized lot added up to a chunk of change. If I recall correctly, it was arounf 50 feet per parking spot.
What is really needed is for the state to stop dictating what is and what isn’t an “education”.
I was just thinking today why it is that we entrust these massively complicated technologies to some of the worlds worst drivers...
not to mention, that a college degree is not necessary either. Hell I can show you lots of tradesman, servicemen.. making 100k+ annually.
Mike Rowe from Dirty Jobs nails it in this great speech. He talks about federal agencies and busy bodies interfering. He points to our disintegrating infrastructure and blames society for being unwilling to get their hands dirty.
http://www.freerepublic.com/focus/f-chat/2650612/posts
That’s interesting. I have a serious problem finding a line painter who is willing to provide professional guidance on ADA requirements for striping a parking lot in a commercial building.
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