More good news -- brought to you by the capitalists who've bought the shrub:
That Raise Might Take 4 Years to Earn as Well
Wage stagnation, long the bane of blue-collar workers, is now hitting
people with bachelor's degrees for the first time in 30 years. Earnings
for workers with four-year degrees fell 5.2% from 2000 to 2004 when
adjusted for inflation, according to White House economists.
The White House economists did not lay out wage trends for people with
master's and other advanced degrees. But other studies have found that
their inflation-adjusted wages were essentially flat between 2000 and
2004, and the studies have confirmed a decline for people with four-year
degrees.
(It's probably a lot worse -- these are the WHITE HOUSE economists...)
http://www.latimes.com/business/la-na-wages24jul24,0,2662782.story?coll=la-home-headlines
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