260K college-educated Americans have minimum wage jobs

NEW YORK (CNN) — The thinking used to be get a college degree, and the job offers will come.

But in this economy, that isn’t always the case.

In fact, many college-educated people are working minimum wage jobs.

Going to college is a pricey endeavor, more than 70-thousand dollars for 4-years at an in-state public school.

But is it worth it?

A quarter of a million Americans might pause and think a bit before answering.

And here’s why…

260-thousand college-educated Americans have minimum wage jobs.

The good news?

That number has been falling the past few years, and it’s the lowest since 2008 because the economy is getting better, and many states have minimum wage that’s above the federal level.

But it’s still really dismal.

The problem is that this has been a low-wage recovery.

58-percent of the jobs created since the recession ended have been lower-paying positions in retail and food prep.

These jobs pay about 13-dollars an hour.

Because of that, people are taking action.

A group of New York City tutors employed by Kaplan, an educational test prep company, formed a union to bargain for higher pay.

And over at Victoria’s Secret, workers at one location got a one to two-dollar pay raise because one employee with a college degree lobbied for it.

But despite the struggle, remember government data shows that the more education you have, the more likely you are to be employed.

blog comments powered by Disqus