Monday, July 24, 2006

Twenty Years Of Schoolin'

"And they put you on the day shift." Hey and this info is from the White House's own economists. LATimes (07.24.06):
"Wage stagnation, long the bane of blue-collar workers, is now hitting people with bachelor's degrees for the first time in 30 years. Earnings for workers with four-year degrees fell 5.2% from 2000 to 2004 when adjusted for inflation, according to White House economists." Los Angeles Times: That Raise Might Take 4 Years to Earn as Well
"It is a remarkable setback for workers who thought they were well-positioned to win some of the benefits of the nation's economic growth, and it may help explain why surveys show that many Americans think President Bush has not managed the economy well." The last time wages for college kids slumped this badly was during the early '70s, when all the damned boomers graduated. "The recent wage slump has affected a substantial part of the workforce. About 30 million Americans age 20 to 59 have a four-year degree and no advanced degree, according to the National Center for Education Statistics." Golly, that sure is a lot of voters, no?


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