Monday, July 24, 2006

Those with bachelor's degrees are finding their incomes stagnate

The L.A. Times reports:
Earnings for workers with four-year degrees fell 5.2% from 2000 to 2004 when adjusted for inflation, according to White House economists.

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.

Not since the 1970s have workers with bachelor's degrees seen a prolonged slump in earnings during a time of economic growth. These workers did well during the last period of economic growth, 1995 to 2000, with inflation-adjusted average wages rising 12%, according to an analysis by the liberal-leaning Economic Policy Institute.
Going to college might not be worth after you figure in debt service and the type of job one might get after earning a degree,for many people.Especially with tuition that has outpaced CPI year after year.