...Unemployment, for Whitecotton and many of her peers, comes with other consequences. Graduates since 2009 have earned an average starting salary of $27,000, down from $30,000 for the classes of 2006 and 2007. That's because employers can pay less with a surplus of job-seekers. In addition, many recent graduates take jobs below their skill level. The study found that 43 percent of employed recent graduates said their jobs do not require a college degree.
The wages of these recent college graduates will likely remain depressed for the next 10 to 15 years because they graduated into a weak economy, according to the Economic Policy Institute, a nonpartisan think tank...
Friday, May 25, 2012
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