Valerie Strauss has a column describing a puzzle: younger Americans, ages 18-34, are more educated than their parents’ generation, but making less money.
Your guess is as good as mine, but here is my guess. Inequality is growing; the middle class is less secure. The “reformers” want everyone to go to college, but they do nothing to address the shrinkage of jobs, especially jobs that pay what college graduates are led to expect. All their “reform” blather is a convenient way of diverting attention from growing wage inequality and growing wealth inequality.
Young adults in the United States today — those Americans from 18 to 34 years old — are on average earning less than their counterparts 35 years ago, but more have a college degree, according to the U.S. Census Bureau.
This piece on the bureau’s blog says that earnings among young adults range from state…
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