Only advanced degree-holders saw wage gains in last decade
September 20th, 2011
03:44 PM ET

Only advanced degree-holders saw wage gains in last decade

By Travis Waldon, Think Progress

The only group of Americans whose average wages increased over the last decade were the 3 percent with advanced college degrees (other than a master’s degree), according to data released by the Census Bureau. The 1.5 percent of Americans with an M.D., J.D., or M.B.A. saw wage gains of about 5 percent, while the 1.5 percent with a Ph.D saw gains of slightly more than 5 percent. Among those with a four-year college or master’s degree — more than a quarter of the American workforce — average wages dropped by about 7 percent, and wages dropped even more for those who haven’t completed college:

 

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Topics: Economy • Jobs

soundoff (10 Responses)
  1. j. von hettlingen

    Education is important, furthermore personality! Yet more important is the sucessful intelligence – the integrated set of abilities to achieve one's goals.

    September 20, 2011 at 4:48 pm | Reply
  2. Orlando ross

    Fascinating breakdown of america's Economc issues to creat jobs. Great work. How or when will it be aired again ? Can you provide videos? Do you have YouTube channel?

    September 20, 2011 at 9:46 pm | Reply
  3. Orlando ross

    Fascinating breakdown of america's Economc issues to creat jobs. Great work. How or when will it be aired again ? Can you provide videos? Do you have YouTube channel? Please re air again

    September 20, 2011 at 9:47 pm | Reply
  4. Chris Dorr

    "The only group of Americans whose average wages increased over the last decade were the 3 percent with advanced college degrees (other than a master’s degree)" Er.....guys? An MBA *is* a "Master's degree". It is a "terminal"degree, similar in that respect to JD or MD. perhaps you can be a bit clearer next time.

    September 22, 2011 at 10:22 am | Reply
  5. Tony hammond

    What we can see is a tradegy of the commons, the most productive state for capital and land is to see mass immigration, to deflate labours wages, while raising its productivity but reducing living standards for most people, what warren buffet descibed as the wicked foot of capitalism, taking place before our eyes. Of the 3 factors of production in the poitical economy, land, labour and capital, labours share of national income has plummetted thanks to mass immigration policies.

    September 23, 2011 at 3:32 am | Reply
  6. Tony hammond

    All Obama has to do to get employment increasing is to halt mass immigration. A larger share of national gdp will goto wages and reduce real profits and rents but consumption and employment will increase substantially.

    September 23, 2011 at 3:39 am | Reply
  7. David D.

    Great information and graphics. Keep it coming.

    September 26, 2011 at 5:36 pm | Reply

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