Last year 260,000 degree holders were employed at minimum wage…
Last year 260,000 degree holders were employed at minimum wage or lower.
Oh and that fabu job recovery? Almost 60% of the new jobs created were near-minimum-wage positions.
Broke Grad Students Are The Next Debt Crisis And It’s Partly The Government’s Fault
Broke Grad Students Are The Next Debt Crisis And It’s Partly The Government’s Fault:
The latest study from the New American Foundation, released today, found that about 40% of the more than $1 trillion in outstanding student loans went to finance graduate and professional degrees. …
It’s really mostly the government’s fault.
In the last 8 years graduate student debt has ballooned 43% to…
In the last 8 years graduate student debt has ballooned 43% to almost $60,000. Obama administration curtails loan forgiveness programs and regulations on student loans.
But President Obama is friend to the millennial, right?!
College Grads Taking Low-Wage Jobs Displace Less Educated
College Grads Taking Low-Wage Jobs Displace Less Educated:
Dear College Grads: You’re ruining the economy.
“The funny thing is, the majority of our servers, bartenders and people who work in the corporate office do carry either a master’s or Ph.D.”
Haha yeah, the value of your Ph.D. is a bartender job. “Funny.”
“As the number of college graduates outweighs the availability of education-appropriate jobs and they take whatever they can get, everyone else is pushed down the ladder, said Katie Bardaro, PayScale’s lead economist and analytics manager.
‘There’s not really a lower-level job they can move into since they were already in a low-level job,’ Bardaro said.”
That’s right college graduate, your Master’s degree has gained you vaunted entry to the bottom. Enjoy the security of having no further to drop and the guilt of being the majority reason we need to increase minimum wage.
