Pay gap be­tween col­lege grads, every­one else at record

Daily Freeman (Kingston, NY) - - NATION+WORLD -

Amer­i­cans with only a high school diploma have fallen so far be­hind col­lege grad­u­ates in their eco­nomic lives that the earn­ings gap be­tween col­lege grads and every­one else has reached its widest point on record.

Col­lege grad­u­ates, on av­er­age, earned 56 per­cent more than high school grads in 2015, ac­cord­ing to data com­piled by the Eco­nomic Pol­icy In­sti­tute. That was up from 51 per­cent in 1999 and is the largest such gap in EPI’s fig­ures dat­ing to 1973.

Since the Great Re­ces­sion ended in 2009, col­lege-ed­u­cated work­ers have cap­tured most of the new jobs and en­joyed pay gains. Non-col­lege grads, by con­trast, have faced dwin­dling job op­por­tu­ni­ties and an over­all 3 per­cent de­cline in in­come, EPI data show.

As the dis­par­ity widens, it is do­ing so in ways that go be­yond in­come, from home­own­er­ship to mar­riage to re­tire­ment. Ed­u­ca­tion has be­come a di­vid­ing line af­fect­ing how Amer­i­cans vote, the like­li­hood of own­ing a home and their geo­graphic mo­bil­ity.

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