WSJ: New Grads Could See Lower Wages For Years

<p>College</a> Graduates to See Low Wages for Years - WSJ.com</p>

<p>My own experience confirms this. I got a good job in my field, but the kids that graduated after me started out with higher salaries than I had with my 1-2 years of experience.</p>

<p>However, I relocated 1000 miles from home for this job. Meanwhile the article states

Can someone really not find a elem. ed job anywhere, even if they were willing to relocate to some low paying underserved location? Would it permanently hurt them to take such a job, then try for the 'burbs w/a few years experience?</p>

<p>treetopleaf, I don’t know the answer to that. I do know that I attended an open house at tier 3 state public school. Graduates from this public have traditionally found instate teaching jobs. They said that jobs to teach science, math, and special education are currently available. Jobs teaching Enlish and History are very very hard to find. This came from a professor who discussed the reality up front. She added that it is easier to place a teacher with an undergradruate degree than one with a masters (bc the districts have to pay more for the teacher who is beginning with a masters degree).</p>

<p>friends son, hasn;t been able to find a job as a HS History teacher. Trying for a year now. He is NOT averse to underserved areas, but still no luck. Joined the police force, has to pay back his loans pronto. </p>

<p>Friend is a teacher assistant in elementary, said there is absolutely zero new higher jobs in our area for the past year or more. Plenty of Science/Math jobs in HS.</p>

<p>S2’s fiance was laid off after her first year teaching middle school history last year. Has not been able to find a replacement job yet in a rather large radius in CO.</p>

<p>Do you think the job market will get better by the time the college class of 2013 graduates?</p>

<p>I read a lot of economic forecasts and a common theme is that there will be an improvement in the overall economy late this year and into next year - jobs will lag a recovery, and then it will be slow growth for around nine years. Lower wages aren’t necessarily bad - if prices are relatively low as well. When I grew up, we didn’t have the expectation of high growth that was seen in the 1990s and a few years of the 2000s so it wasn’t a big deal if things were stable.</p>

<p>In this kind of an economy, you don’t want to load up on debt to pay for things as growth (salary, investments, etc.) won’t effectively wipe out the debt over the long run.</p>

<p>we were living well beyond our means for 10 years thanks to credit. Housing was going crazy while the average household income fell for 8 years in a row. </p>

<p>Not hard to figure it out, shrinking blue collar middle class no one with money to buy anything other than the wealthy. That is not going to last. One thing for sure the number of people working in the finance area is going to dramatically shrink.</p>

<p>I don’t see it coming back in a big way until we rebuild middle class jobs in the country. The big question is will there mostly be low wage jobs created for the average guy, like the last 8 years, or will they be solid jobs some one can live on.</p>