To the graduating class of 2012: All that money you or your parents have spent or borrowed to pay your tuition for the past few years? It's not getting the same return on investment it did a decade ago.
According to the folks at the Economic Policy Institute, the average inflation-adjusted wage for male college graduates aged 23 to 29 was $21.68/hour. That's an 11% over decline over the last ten years. And while wages for females in the same age and education group are only down 7.6% during that same time period, women still make significantly less on average ($18.80/hour).
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think outside the box. find a need and fill it. become self-employed.
ReplyDeleteSelf-Employed: Paying outlandish insurance prices, sturggling just as much as the next business, and on top of that its a 24/7/365 job. If that is the average then I am wayyyyyyyyyyyyy behind. None of my college graduate friends are making anywhere near $21 an hour. I recently graduated and am making probably just over $9 and hour.
ReplyDeleteIt is no doubt greater than this due to the decline in the value of the dollar. This is just like our Government with their fuzzy math regarding unemployment.
ReplyDeleteAnd they are 16-22% stupider than they were 10 years ago.
ReplyDelete