CRF Blog

Preparing Our Students for What?

by Katie Moore

Yes, the economy is in a shambles. Yes, it’s recovering, or so I am told. But, well before the economic collapse a few years ago, we were setting up our youth for an uphill grind to say the least. A recent report from the Economic Policy Institute shows that for over a decade entry level wages have consistently declined. In Jordan Weissmann’s Atlantic article, A Lost Decade for Young Workers, he outlines the decline.

Research has shown that graduating during a recession can have lasting negative impacts on career advancement and earnings for up to 15 years. And even those lucky enough not to graduate in one of the recessions which book-ended the decade still had to start their working life at a disadvantage. In other words, they have something in common with their less educated peers. [more]

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CRF’s Webpage: America’s Economic Crisis