Sunday, September 03, 2006

Told you

David Brooks can shove it.
For men with college degrees, they're now earning 12.8 percent more than they did in 1973 while women with college degrees are taking home 26 percent more pay.

Since 2001, however, the median wage for both genders with college educations remained essentially flat.

And among young college graduates, their entry-level wages have fallen since 2000 -- 79 cents per hour for men and 33 cents per hour for women.


A couple of thoughts here.
1) Is that 12.8% in actual, non-adjusted wages, or real wages? Because if the average college educated male is only making 12.8% more in actual dollars than he was 33 years ago, that's horrendous, but believable.
2) Though, if that 12.8% is in real dollars, that's still sad, given that

Between 1995 and 2005, productivity -- a measure of the quantity and quality of what workers produce per hour -- grew 33.4 percent.

and
3) has the cost of a college education likewise risen only 12.8% since 1973? I don't think it has.

No comments: