Almost All Americans' Wages are Plummeting

Posted by Kathy G, The G-Spot at 2:03 PM on September 10, 2008.

Real wages have fallen for every educational group in America save
folks with professional degrees (doctors, etc.)

Today, the Wall Street Journal reports the sobering news that, since
2000, real wages have fallen for every educational group in America
except folks with professional degrees (doctors, lawyers, and the
like). All other groups, even those with master's degrees and Ph.D.'s,
saw declining wages over this period. The WSJ piece is based on
recently released Census data (you can find the most recent Census
Bureau report on income and earnings here).

In recent years, the college earnings premium has decreased
substantially. As the Journal points out:

In 1975, for instance, workers with college degrees earned 60%% more
per year on average than workers with high-school diplomas only,
according to the 2006 Economic Report of the President.

zstone@nospamusa.com (Zaroc Stone) wrote in news:48ce28ae.7268812
@news.altopia.com:

And congress don't want to drill making gas more affordable so citizens can
get out and look for better paying jobs. But they do want to stick it to
Employers so they will take their business over seas thus reducing jobs
here.