Americans With a College Degree Saw Wages Decline
the Most in Two Decades
https://www.bloomberg.com/news/articles/2023-02-10/americans-with-a-college-degree-saw-wages-decline-most-in-two-decades
In 2022, median annual pay was $52,000 for Americans with a bachelor’s degree, according to data released by the New York Federal Reserve Friday. That’s a 7.4% decline in inflation-adjusted terms — the steepest plunge since 2004, erasing nearly all of the pandemic-era gains. It was sharpest for those earning the most.
Restaurants can’t find workers because they’ve found better jobs
https://www.washingtonpost.com/business/2023/02/03/worker-shortage-restaurants-hotels-economy/
An estimated 2.5 million people have died, retired or otherwise dropped out since 2020. Americans older than 55, in particular, stopped working at heightened rates during the pandemic because of covid-related health risks. Plus, rapid run-ups in home values and stock prices made it financially viable for scores of older Americans to retire. Those extra vacancies in the job market, researchers have found, created room for people in the service industry to move into new lines of work.
https://www.bloomberg.com/news/articles/2023-02-10/americans-with-a-college-degree-saw-wages-decline-most-in-two-decades
In 2022, median annual pay was $52,000 for Americans with a bachelor’s degree, according to data released by the New York Federal Reserve Friday. That’s a 7.4% decline in inflation-adjusted terms — the steepest plunge since 2004, erasing nearly all of the pandemic-era gains. It was sharpest for those earning the most.
Restaurants can’t find workers because they’ve found better jobs
https://www.washingtonpost.com/business/2023/02/03/worker-shortage-restaurants-hotels-economy/
An estimated 2.5 million people have died, retired or otherwise dropped out since 2020. Americans older than 55, in particular, stopped working at heightened rates during the pandemic because of covid-related health risks. Plus, rapid run-ups in home values and stock prices made it financially viable for scores of older Americans to retire. Those extra vacancies in the job market, researchers have found, created room for people in the service industry to move into new lines of work.