A College Degree Isn’t What It Used To Be

Andrew Sullivan —  Oct 27 2011 @ 8:10pm


Michael Mandel reports that the "real wages for college graduates continue to plunge." Bradford Plumer has more detail:

College grads are making less money right out of college than they used to, and it’s becoming harder and harder to pay their loans — even as the cost of college is swelling. What’s more, this isn’t a brand-new phenomenon. As Mandel’s earlier research has found, real earnings for young male college graduates have been declining for a while, and they’re now down 19 percent from their peak back in 2000. For young female graduates, earnings are down 16 percent from their peak in 2003.

Chart on earnings for female grads here. Tyler Cowen adds his two cents.