October 21, 2019

College graduates work for minimum wage

The number of American college graduates working for minimum wage has increased by 70 percent over the last 10 years, according to a report from The Wall Street Journal.

According to the report, 284,000 college graduates were working for minimum wage last year. While the amount of graduates working for minimum wage has increased  from 10 years ago, it is actually down from 2010 — when 327,000 graduates were making minimum wage.

Three-fifths of jobs lost in the recession were middle income paying jobs.  Three- fifths of all jobs created since then are in sectors from lower paying jobs. This could be why 48 percent of United States college graduates are working in positions that require less than a four-year degree, according to The Center for College Affordability and Productivity.

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