Archive for category starting salary

Stretched Thin

The Sunday Business section of the New York Times had an interesting but bleak story about the growing number of “Job Jugglers.” People, especially young adults, are finding that it takes two, three, maybe even four or five jobs to make ends meet in today’s challenging economic environment. The curriculum specialist/online marketer/website creater/reality-show developer profiled found his workday filled from 7 a.m. to midnight. A young journalist took a job baby-sitting five nights a week. Workers trying to get ahead or get established have always worked long and hard, but many of these workers are simply trying to stay afloat. That’s because starting salaries are down for new college graduates, according to a recent study by the John J. Heldrich Center for Workforce
Development
at Rutgers University. Those who graduated with a bachelor’s degree in 2009 and 2010 earned $3,000 LESS per year than those who graduated, $27,000 is what new grads can expect, compared to $30,000 for those who graduated betwen 2006 and 2008. Here’s another shocker from the article: Nearly half of all college graduates held a job not requiring a bachelor’s degree. Add in a mound of college loan debt, and it’s clear that many grads may see little return on their education investment.

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