from Zero Hedge
The topic of whether college is worth it (costs vs benefits) has been discussed at length (here, here, and here most recently) but no lesser entity than the San Francisco Fed’s PhDs have crunched the numbers and found that in the new normal, median starting wages of recent college graduates have not kept pace with median earnings for all workers. Furthermore, they are not optimistic – “because college grads face wages and hiring conditions that are especially responsive to business cycle conditions, this low earnings growth, together with shifts in the distribution of graduates’ labor market status, suggests continued weakness in the overall economy.”
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