In recent articles in the
Wall Street Journal and
Atlantic Monthly, you may have seen reference to a disturbing study of the wages of college graduates by Yale Economist Lisa Kahn. In Kahn's study of the wages for college graduates who entered the labor market during recessions, she found drastically lower wages for recession-era college grads when compared to college grads who entered the job market during good times.
In year one, those students who graduated during recessions earned 15-30 percent less than those who graduated during non-recessions. But most shockingly, those
low wages lingered for 15 or more years. In fact, recession-era graduates' wages never caught up to the wages of good times grads over...
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