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Reply #21: Interesting. WSJ has a piece today that shows that only 3.4% of the [View All]

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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007)

swag

(1000+ posts) Send PM | Profile | Ignore

Thu Oct-19-06 09:32 AM
Response to Reply #12

21. Interesting. WSJ has a piece today that shows that only 3.4% of the

total workforce (MBAs, JDs, and MDs) have had wage increases that beat inflation from 2000 to 2005. Um, that's awful.

Those with Bachelor's Degrees and no advanced degrees (about 21% of the workforce) had their wages eroded 3.1% by inflation since 2000.

Everybody from HS non-grads to those with non-MBA masters degrees lost out to inflation from 2000 to 2005, that is their wages did not keep pace.

See "Why It Takes a Doctorate To Beat Inflation" by By David Wessel in today's WSJ. Don't have a link because WSJOnline is subscription only.

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