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Showing blog posts tagged with college graduates

Your First Half Million Guesses as to How Many College Graduates Are Working for the Minimum Wage Don't Count

Rally outside the Heritage Foundation.

The common conservative claim about the minimum wage is that there's no real need to raise it because most of the people who get it are teenagers who are just taking the jobs to build their résumé or for extra spending money, and people don't live off the wage. Once again, evidence comes forward to help shatter that stereotype: Nearly half a million people who have graduated college currently work in jobs that pay the federal minimum wage of $7.25.

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Decline of Good Jobs Tied to Workers’ Decreased Bargaining Power

Many U.S. workers don’t have jobs—nearly 13 million. Less known, however, is that many more don’t have good jobs—fewer than one-quarter of America’s workforce, according to a new report from the Center for Economic and Policy Research (CEPR). The center defines a good job as one that pays at least $18.50 an hour, or $37,000 per year, equal to the inflation-adjusted earnings of the typical male worker in 1979.  A good job also includes employer-provided health insurance and a retirement plan (click on chart at left to expand).

The lack of available good jobs is not new. As CEPR finds, compared with 1979, the U.S. economy has lost about one-third (28 percent to 38 percent) of its capacity to generate good jobs.

But why?

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78 Earn College Degrees, Graduate at National Labor College

Image courtesy of Bill Burke/Page One

Mark King considers the bachelor’s degree in labor studies that he received Saturday at the National Labor College’s (NLC's) class of 2012 commencement as his “keys to the kingdom.”

King, a New Hampshire school librarian and AFT member, was one of 78 graduates from 25 unions and the AFL-CIO community affiliate, Working America, who received degrees at the Silver Spring campus. He was elected class speaker of the NLC’s 14th graduating class by his peers.

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Wages for Young College Grads Fall

Wages for Young College Grads Fall

Most recent young college graduates are carrying a heavy debt load for their education, and they face a harder time paying it off because their wages have plummeted as well—part of a decade-long decline, according to a new Economic Snapshot from the Economic Policy Institute (EPI).

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College Grads: Hard Work Plus Education Alone Don't Lead to Success

College grads today are wondering whether education plus hard work is really the formula for success—and for good reason. The missing ingredient in that formula? It’s leverage. The power of collective action.

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Young Workers Struggle to Find Jobs, Pay Student Debt

Campus Progress

"For Most Graduates, a Grueling Job Hunt Awaits," The Wall Street Journal writes today. Over the weekend, the New York Times sounded the alarm about employers' growing use of unpaid internships in fields that typically have never exploited free labor.

So, how bad is it for young workers?

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Middle-Class America, Fading Fast

Two alarming reports recently out point to long-term trends in the U.S. economy that don’t bode well for maintaining a strong middle class in this nation.

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