Young Adults See Their Pay Decline
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.
Thanks to the baby boomers for living beyond their means.
Abdel are you trying to by WSO personal RSS feed?
No, Andy asked me if I could share some of the links I be posting on the WSO/Montreal FB page.
Amongst other things like realizing that corporate and societal goals aren't necessarily aligned....come move to Alberta. It's cold and flat but the median income in my city is $87k. VP positions in health hit 400k, top end executives in gov't hit 180-260k base and at least one gas company had the board approve 10% more for the bonus pool.
And we're running out of people to work again....
Don't let the secret out! lol
Working in oil in the US is way the fuck better than in Canada.
Re: PetEng, probably. Although you did just nix Keystone, so we're sending it to China instead and looks like people are working on building up more refining in the industrial heartland.
It certainly isn't an American city in terms of money, but Calgary is considered a strong city of the future according to McKinsey.
New Article: http://albertaventure.com/2012/02/new-money/ - They are trying to build a financial hub for resources. It's an interesting article, well at least for someone who lives in Canada :)
Old Article: http://www.canada.com/calgaryherald/news/story.html?id=2b8e5085-3a27-4e…
You also get to watch the Flames.....although not sure if that's a good thing or bad thing the way they are playing!
After all my deductions but before savings, my average tax rate on 65k was 24%. Not sure how that compares to you guys in the US.
http://www.canadiansocialresearch.net/taxes.htm
And the good news keeps on coming.
Three in 10 young adults live with parents, highest level since 1950s.
http://www.csmonitor.com/USA/Society/2012/0315/Three-in-10-young-adults…
"After graduating from Brown University in 2009 with a bachelor’s degree in comparative literature and completing a Fulbright scholarship in Brazil, Cassie Owens was left with a few dollars on her stipend and no job in sight. So, Ms. Owens returned home to her mother in Philadelphia."
The plain fact is kids are getting degrees that aren't generally applicable to a lot of decent paying jobs and instead of sucking it up and getting something non ideal, they come home and mooch of their parents.
As someone who has worked throughout every level of education, doing jobs that F'ing blow, I have zero empathy for these children.
And children, not adults, is exactly what they are.
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