US College Grads See Slim-to-Nothing Wage Gains Since Recession

The worth of a college degree is losing its luster in the US job market. From a report on Bloomberg: Wages for college graduates across many majors have fallen since the 2007-09 recession, according to an analysis by the Georgetown University Center on Education and the Workforce in Washington using Census bureau figures. Young job-seekers appear to be the biggest losers. What you study matters for your salary, the data show. Chemical and computer engineering majors have held down some of the best earnings of at least $60,000 a year for entry level positions since the recession, while business and science graduates’s paychecks have fallen. A biology major at the start of their career earned $31,000 on an annual average in 2015, down $4,000 from five years earlier. “It has been like this for the past five, six years now,” said Ban Cheah, a research professor at Georgetown who compiled the data. “It’s a little depressing.”

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