Dispensable Degree

A key reason wages for low-skilled jobs are now rising faster than for the rest of the labor force is scarcity. Since 1/1/10, there’s been a 25% rise in the number of persons with a bachelor’s degree or higher in the labor force. However, there’s been a 5% decrease in the number with a high school diploma and a near 15% decline among those with less than a HS diploma.

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