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Article: HIGH SCHOOL WAGES FOR PHI BETA KAPPAS? COLLEGE GRADUATES CAN'T EXPECT BIG BUCKS AT FIRST. BE PATIENT, STUDY SAYS.(BUSINESS)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- January 12, 1996
- Author:
CopyrightCOPYRIGHT 1996 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: STEVEN PEARLSTEIN, Washington Post
Nearly everyone has a story. The promising child who moves back home after college, unable to get a job that pays a living wage. The Phi Beta Kappa in English Lit. who now serves up cafe lattes for $7.50 an hour at the corner Starbucks.
Several years ago, Daniel Hecker, an economist at the Bureau of Labor Statistics, published an article that seemed to capture these anecdotes in the data. Hecker found that 18 percent of Americans with four-year college degrees were working in jobs paying ``high school'' wages, up from 10 percent in 1970.
Hecker's article was quickly picked up and popularized by a ...