College Degree's Value In Decline (The Wall Street Journal)
"A four-year college degree, seen for generations as a ticket to a better life, is no longer enough to guarantee a steadily rising paycheck," The Wall Street Journal reports. "In the economic expansion that began in 2001 and now appears to be ending, the inflation-adjusted wages of the majority of U.S. workers didn't grow, even among those who went to college. The government's statistical snapshots show the typical weekly salary of a worker with a bachelor's degree, adjusted for inflation, didn't rise last year from 2006 and was 1.7 percent below the 2001 level. College-educated workers are more plentiful, more commoditized and more subject to the downsizings that used to affect primarily blue-collar workers. What employers want from workers nowadays is more narrow, more abstract and less easily learned in college."
You can read the complete August 11, 2008 Wall Street Journal article on-line.
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