29 Notes
A new study found millennials facing six months or more of unemployment are expected to lose $21.4 billion in earnings as a demographic over the next decade. This will inevitably hurt the housing market as well as our general economic recovery.
Do you think the various budget proposals being offered in Congress need bigger investments in youth employment? LIKE if you agree, and REBLOG if you disagree.
For today’s full translation, click here!
21 Notes
We apologize in advance to our fellow millennials looking to law school as a means to dodge underemployment. According to one study, over 50% of recent law school grads are failing to make a living. What’s your opinion? LIKE and REBLOG to share how you feel about these statistics.
For today’s full translation, click here!
37 Notes
Are young Americans perpetual renters? COMMENT to share your thoughts on buying a house!
For more translations, visit www.ourtime.org.
13 Notes
Undergraduates starting careers in oil and drilling, video game production, and sales operations earn up to $15,000 more per year than the average new grad. SHARE this to let other grads know where to look for high-paying jobs.
For more translations, go to www.ourtime.org
A new study 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.”
Even when we find jobs, we are getting paid less than in previous years. More importantly, this is likely to have a long-term impact. Research shows that when a young employee’s wages drop during a recession, they are likely to stay relatively low for decades.
If our generation’s unemployment stays high and our wages continue to drop, it is more difficult for us to pay off our personal debt meaning we have less money to give back to the country in taxes for investments in education, infrastructure, research, etc. – which is bad for all Americans.
