Census data suggests that Millennials are the youngest generation to face such economic downturn. Unemployment rates for recent college graduates are 2 to 3 times higher than that of older workers. Graduates' starting income has decreased by 7 percent for every 1 % increase in the UE rate. Students stay in school longer and delay marriage as they work to pay off their debt. This has doubled the under-35 poverty levels in the past 40 years. With more schooling, the supply of skilled labor has greatly increased while the demand has remained about the same. This results in a tough job market and increasing unemployment.
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