Having college degree doesn't guarantee high-paying job

MGN Online
Monday, March 31, 2014 - 9:46am

Having a college degree doesn't guarantee you a high-paying job. About 260-thousand graduates made at or below the federal minimum wage of $7.25 per last year, according to the Bureau of Labor Statistics. That's the lowest number since 2008.

The worst year was 2010, when the number skyrocketed to 327-thousand. Experts blame the post-recession labor market for the number of college grads stuck in low paying jobs, but things may be looking up. A total of 21 states, including New Jersey, New York and Connecticut have approved raising their minimum wage.
 

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