Saturday, March 21, 2015

Wage Decline

So the graduations hang on the wall
But they never really helped us at all
--Billy Joel

Keeping in mind the source (a progressive think tank), this study indicates declining wages across all levels of income. Even college+ educated people are seeing lower wages.


Two likely contributing factors not discussed in the report: a) oversupply of higher ed workers, b) declining productivity as savings/capital dries up.

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