Pay gap between college graduates and everyone else reaches a record


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❝ Americans with no more than a high school diploma have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record…

College graduates, on average, earned 56 percent more than high school grads in 2015, according to data compiled by the Economic Policy Institute. That was up from 51 percent in 1999 and is the largest such gap in EPI’s figures dating to 1973.

❝ Since the Great Recession ended in 2009, college-educated workers have captured most of the new jobs and enjoyed pay gains. Non-college grads, by contrast, have faced dwindling job opportunities and an overall 3 percent decline in income, EPI’s data shows…

College grads have long enjoyed economic advantages over Americans with less education. But as the disparity widens, it is doing so in ways that go beyond income, from homeownership to marriage to retirement. Education has become a dividing line that affects how Americans vote, the likelihood that they will own a home and their geographic mobility.

❝ The dominance of college graduates in the economy is, if anything, accelerating. Last year, for the first time, a larger proportion of workers were college grads – 36 percent – than high school-only grads – 34 percent, Carnevale’s research found. The number of employed college grads has risen 21 percent since the recession began in December 2007, while the number of employed people with only a high school degree has dropped nearly 8 percent…

The split is especially stark among white men. For middle-age white men with only high school degrees — the core of President-elect Donald Trump’s support — inflation-adjusted income fell 9 percent from 1996 through 2014, according to Sentier Research, an analytics firm. By contrast, income for white men in the same age bracket who are college graduates jumped 23 percent.

The AP is starting to fill the gap in journalistic choice formerly led by reporting from Reuters and the NY TIMES. Not that the AP has raised standards. Just maintained what they always had while the competition oozes downhill. Especially Reuters since their purchase by Thomson.

RTFA, please. Many more topics of interest needing discussion and thoughtful reflection. As an example: “…Women with college diplomas enjoy an 8-in-10 chance of their first marriage lasting 20 years…That’s double the odds for women with just high school degrees.”

Who’da thunk it?

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