Young people entering the job market are taking the brunt of the downward pressure on wages caused by high unemployment, according to a new analysis of pay trends.
In data compiled for a coming report, the Economic Policy Institute, a center-left think tank in Washington, found that the average inflation-adjusted hourly wage for male college graduates aged 23 to 29 dropped 11% over the past decade to $21.68 in 2011. For female college graduates of the same age, the average wage is down 7.6% to $18.80.
Wall Street Journal
March 7, 2012
Huffington Post
March 7, 2012
Sacramento Bee
March 7, 2012
Atlanta Journal Constitution
March 5, 2012
Think Progress
March 1, 2012