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Mon Mar 31, 2014, 05:47 PM

260,000 graduates in minimum wage jobs



NEW YORK (CNNMoney)
If you thought paying tens of thousands of dollars for a college education guaranteed a high-paying job, think again.

About 260,000 people who had a college or professional degree made at or below the federal minimum wage of $7.25 per hour last year, according to the Bureau of Labor Statistics.

Things may be looking up a little, though -- it's the smallest number since 2008. The worst year was 2010, when the number skyrocketed to 327,000.

Despite the recent improvement, the number of workers with college degrees is still more than double what it was in 2005, prior to the Great Recession.

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http://money.cnn.com/2014/03/31/news/economy/minimum-wage-college-graduates/index.html

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Reply 260,000 graduates in minimum wage jobs (Original post)
n2doc Mar 2014 OP
MissB Mar 2014 #1
CFLDem Mar 2014 #2

Response to n2doc (Original post)

Mon Mar 31, 2014, 06:03 PM

1. That's a horrible statistic, especially since so many folks owe on student loans.

I still think getting a college degree is a good idea.

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Response to n2doc (Original post)

Mon Mar 31, 2014, 06:33 PM

2. Ah yes Student Loans

 

The great equalizer of putting desperate people under the foot of the bankers.

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