College grads are getting the same jobs — they just don’t pay as well

[n2doc]

College grads are getting the same kinds of jobs they did before the Great Recession. But the problem is that these graduates aren’t seeing the same pay.

That’s the conclusion of a San Francisco Fed study released Monday. The study shows that, by occupation, there’s very little difference between the fields college grads head into in 2014 as compared to 2007 or 2011.

There’s good and bad conclusions to draw. The good is, the stereotype that the only option for college grads is to become an overqualified barista just isn’t true, at least not in a macro sense. The bad news is, wage growth has been meager, and jobs are tougher to come by. Wage growth has been particularly weak because college grads don’t have the same protections that make other workers’ wages rigid.

“Because the wages of recent college graduates are less affected by wage rigidity, they are a good indicator of the true price of labor and thus of the underlying state of the labor market,” the authors say.

more

http://blogs.marketwatch.com/capitolreport/2014/07/21/college-grads-are-getting-the-same-jobs-they-just-dont-pay-as-well/

[Laelth]

1. k&r for exposure. n/t

-Laelth

[woo me with science]

2. K&R That was the plan.

It was a restructuring, not a recovery.


Full-time jobs with benefits are being replaced by shit, part-time work, and that has been the plan of this neoliberal/corporate/Republican agenda all along.

The jobs that have been created in this "recovery" are mostly low-pay service jobs. The truth is that it was not a recovery. It was a restructuring to benefit the One Percent.

April 28, 2014: Most Of The Jobs Added Since The Recession Pay Low Wages
http://thinkprogress.org/economy/2014/04/28/3431351/recovery-jobs-low-wage/

Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
http://www.nytimes.com/2014/04/28/business/economy/recovery-has-created-far-more-low-wage-jobs-than-better-paid-ones.html?_r=0

Low-wage jobs proliferate as middle class ones disappear: job growth patterns since the recession
http://www.cleveland.com/business/index.ssf/2014/04/low-wage_jobs_proliferate_as_m.html

Low-Wage Jobs Replace Middle-Income Work, Study Finds
http://www.huffingtonpost.com/2012/08/31/low-wage-jobs_n_1846733.html

Careers Are Dead. Welcome To Your Low-Wage, Temp Work Future
http://www.forbes.com/sites/jmaureenhenderson/2012/08/30/careers-are-dead-welcome-to-your-low-wage-temp-work-future/

In addition, the TPP that Obama is hell-bent on supporting will DESTROY jobs and cut wages for over 90 percent of American workers:

Study: "Trade" Deal Would Mean a Pay Cut for 90% of U.S. Workers
http://citizen.typepad.com/eyesontrade/2013/09/the-verdict-is-in-the-trans-pacific-partnership-tpp-a-sweeping-free-trade-deal-under-negotiation-with-11-pacific-rim-coun.html

No, the chocolate ration has not been increased:

*

The Third Way/DLC/neoliberal agenda is the result of a deliberate infiltration of our party by the very same banks and corporations that purchased the Republican Party first. Of course jobs had to come back as they *always* do....but the change in quality of those jobs, and the diversion of the money no longer going in 99 percent pockets to the bank accounts on the One Percent, was the goal all along.

The rise of the Third Way agenda in our party was never a grass roots phenomenon, but rather a deliberately orchestrated and corporate-bankrolled one, ...just like the propaganda supporting it.

When the DLC connections to the Koch Bros. became well known, they just rebranded the infiltration
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=4165556

When you hear "Third Way", think INVESTMENT BANKERS
http://www.democraticunderground.com/10024127432

GOP Donors and K Street Fuel Third Way’s Advice for the Democratic Party
http://www.democraticunderground.com/101680116

The Rightwing Koch Brothers fund the DLC
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x498414

Same companies behind the GOP are behind the DLC
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x1481121

[Teamster Jeff]

3. Kick & Rec