Thursday, February 26, 2015
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Earnings gap makes a college education a must for millennials

By
From page A8 | February 17, 2014 |

Never has there been a more compelling argument for teens and young adults to finish high school and get a college diploma.

A Pew Research Center survey of 2,002 adults with a Pew Research analysis of economic data from the U.S. Census Bureau shows a growing economic disparity between young adults with a bachelor’s degree versus those without. The gap has never been greater in modern times.

Millennial college graduates ages 25 to 32 working full time earn about $17,500 more than young adults with only a high school diploma. The study looked at current population survey data collected last year among 25- to 32-year-olds and then examined data among 25- to 32-year-olds in four earlier periods: “the silent generation” 1965 (ages 68 to 85 at the time of the Pew Research survey and current population survey); the first or “early” wave of baby boomers in 1979 (ages 59 to 67 in 2013), the younger or “late” wave of baby boomers in 1986 (ages 49 to 58 in 2013) and Gen Xers in 1995 (ages 33 to 48 in 2013).

“Today’s millennials are the best-educated generation in history; fully a third (34 percent) have at least a bachelor’s degree,” the report said. “At the same time the share of college graduates has grown, the value of their degrees has increased. Between 1965 and last year, the median annual earnings of 25- to 32-year-olds with a college degree grew from $38,833 to $45,500 in 2012 dollars, nearly a $7,000 increase.

“While earnings of those with a college degree rose, the typical high school graduate’s earnings fell by more than $3,000, from $31,384 in 1965 to $28,000 in 2013. This decline, the Pew Research analysis found, has been large enough to nearly offset the gains of college graduates.”

A lot of factory jobs that paid well in the 1960s and 1970s are gone now. Unions that represented a greater share of workers decades ago have been in full retreat. The Great Recession and anemic recovery also have gut punched job opportunities for millennials.

Getting a college education – despite the high cost and student loan debt – remains the best option.

Lewis W. Diuguid is a member of The Kansas City Star’s Editorial Board. Readers may write to him at: Kansas City Star, 1729 Grand Blvd., Kansas City, Mo. 64108-1413, or by email at [email protected].

Lewis W. Diuguid

LEAVE A COMMENT

Discussion | 3 comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

  • BaseballmomFebruary 17, 2014 - 7:11 am

    Hmmm.... Really? My college and even grad school educated kids do not do as well as my plumber, landscape guy or the General Contractor I have used.... Oh, and my carpet cleaner makes six figures too....

    Reply | Report abusive comment
  • BaseballmomFebruary 17, 2014 - 7:13 am

    Forgot to mention my auto mechanic....

    Reply | Report abusive comment
  • Rich GiddensFebruary 17, 2014 - 10:33 am

    Sounds like more government propaganda spouted by the loyal sychophants in the news less media. Some folks would be better off pursuing an electrical or iron workers trade then pursuing a degree in Sociology.

    Reply | Report abusive comment
.

Solano News

 
Searchers find infant’s body

By Lauren Keene | From Page: A1, 3 Comments

 
Children tackle history during Wax Museum project

By Susan Winlow | From Page: A1, 1 Comment | Gallery

Suisun Walmart to open March 25

By Ian Thompson | From Page: A1, 11 Comments | Gallery

 
 
Pedestrians hit by cars in 2 separate incidents

By Kevin W. Green | From Page: A3, 8 Comments | Gallery

 
 
Legislative committee votes for earthquake relief bill

By Kevin W. Green | From Page: A4

 
Vacaville police clear homeless from area

By Kevin W. Green | From Page: A4, 4 Comments

State to close part of I-80 to continue project

By Kevin W. Green | From Page: A5

 
 
NorthBay Healthcare Group expands lease

By Kevin W. Green | From Page: A5

Fairfield police log: Feb. 24, 2015

By Susan Hiland | From Page: A10

 
Suisun City police log: Feb. 24, 2015

By Susan Hiland | From Page: A10

.

US / World

Family celebrating one-month birthdays of identical triplets

By The Associated Press | From Page: A2 | Gallery

 
Massive I-95 pileup leaves 17 injured in snowy Maine

By The Associated Press | From Page: A5, 1 Comment

CEO has plan for crime prediction system

By The Associated Press | From Page: A5

 
Dog owner lawsuit alleges food made his pups sick

By The Associated Press | From Page: A5

What happens, and not, in Homeland Security shutdown

By The Associated Press | From Page: A5

 
Pet shop owner found guilty of arson

By The Associated Press | From Page: A5

 
Harris only Dem left after Villaraigosa exits campaign

By The Associated Press | From Page: A5

Regulators eyeing tighter cybersecurity requirements

By The Associated Press | From Page: A5

 
Technology might have prevented deaths in train crash

By The Associated Press | From Page: A5

Speaker has plan to help fund affordable housing

By The Associated Press | From Page: A5

 
Afghanistan avalanche destroys homes, kills 124

By The Associated Press | From Page: A6

Polanski appears in court to face extradition

By The Associated Press | From Page: A6

 
Hungarian village available for rent

By The Associated Press | From Page: A6

Journalists arrested in Paris for drone flights

By The Associated Press | From Page: A6

 
.

Opinion

Editorial Cartoon: Feb. 26, 2015

By Daily Republic Syndicated Content | From Page: A7

 
Chinese economy may be stalling – and that’s OK

By William Pesek | From Page: A7

 
Time to put down the joystick

By Kelvin Wade | From Page: A7

 
.

Living

Today in History: Feb. 26, 2015

By The Associated Press | From Page: A2

 
Community Calendar: Feb. 26, 2015

By Susan Hiland | From Page: A2

Horoscopes: Feb. 26, 2015

By Holiday Mathis | From Page: A9

 
.

Entertainment

Gucci designer makes debut during Milan Fashion Week

By The Associated Press | From Page: B5

 
People: Lindsay Lohan

By The Associated Press | From Page: B5

TVGrid

By Daily Republic Syndicated Content | From Page: B5

 
.

Sports

Kings grind out 102-90 win over Grizzlies in Sacramento

By The Associated Press | From Page: B1 | Gallery

 
 
Bay Area’s Semien in the mix for A’s shortstop job

By The Associated Press | From Page: B1

Clark says players against radical speed-up changes

By The Associated Press | From Page: B1

 
McIlroy looking to keep momentum to the Masters

By The Associated Press | From Page: B2

 
IOC head quizzed about water shortages in Rio, golf course

By The Associated Press | From Page: B2

.

Business

.

Obituaries

Donald Grimm

By Nancy Green | From Page: A4

 
Thomas Browning

By Nancy Green | From Page: A4

Gabriel T. Traub

By Nancy Green | From Page: A4

 
Maria Kraszewski

By Nancy Green | From Page: A4

Felipe Mata Mislang

By Nancy Green | From Page: A4

 
.

Comics

For Better or Worse

By Daily Republic Syndicated Content | From Page: A8

 
Sally Forth

By Daily Republic Syndicated Content | From Page: A8

Frank and Ernest

By Daily Republic Syndicated Content | From Page: A8

 
Garfield

By Daily Republic Syndicated Content | From Page: A8

B.C.

By Daily Republic Syndicated Content | From Page: A8

 
Rose is Rose

By Daily Republic Syndicated Content | From Page: A8

Wizard of Id

By Daily Republic Syndicated Content | From Page: A8

 
Zits

By Daily Republic Syndicated Content | From Page: A8

Baldo

By Daily Republic Syndicated Content | From Page: A8

 
Blondie

By Daily Republic Syndicated Content | From Page: A8

Pickles

By Daily Republic Syndicated Content | From Page: A8

 
Peanuts

By Daily Republic Syndicated Content | From Page: A8

Beetle Bailey

By Daily Republic Syndicated Content | From Page: A8

 
Dilbert

By Daily Republic Syndicated Content | From Page: A8

Get Fuzzy

By Daily Republic Syndicated Content | From Page: A8

 
Baby Blues

By Daily Republic Syndicated Content | From Page: A8

Bridge

By Daily Republic Syndicated Content | From Page: A9

 
Word Sleuth

By Daily Republic Syndicated Content | From Page: A9

Sudoku

By Daily Republic Syndicated Content | From Page: A9

 
Cryptoquote

By Daily Republic Syndicated Content | From Page: A9

Crossword

By Daily Republic Syndicated Content | From Page: A9