Almost All Americans' Wages are Plummeting

Alternet.org
September 10, 2008News & Politics

Wsj_3




Chart from the Wall Street Journal



Today, the Wall Street Journal reports the sobering news that, since 2000, real wages have fallen for every educational group in America except folks with professional degrees (doctors, lawyers, and the like). All other groups, even those with master's degrees and Ph.D.'s, saw declining wages over this period. The WSJ piece is based on recently released Census data (you can find the most recent Census Bureau report on income and earnings here).



In recent years, the college earnings premium has decreased substantially. As the Journal points out:
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