In fact, the incomes of recent college grads are growing so glacially that they make the rest of the country look like we’re discovering $100 bills in our coat jackets every morning. The share of recent college grads who are under-employed is higher than normal, but it’s not that much higher than the long-term average. This week, the Obvious Story received another data blow when the San Francisco Fed found that wages in typical college-grad jobs—young white-collar professions like paralegal work, advertising, and accounting, or higher-paying fields like management, business, and finance—are actually growing even slower than wages for all college grads, combined. Since 2007, overall wages are up 15 percent (not adjusted for inflation), young grads’ wages are up 6 percent, and young-grads-in-business-and-finance are up 2.6 percent. It means that, although there are slightly more NYU-educated baristas and part-timers than usual, the reason young people aren’t making as much money as they expected coming out of school is mostly the result of professional industries freezing entry-level salaries for college grads.
A host of psychological factors—from falling in love with an investment to having difficulty realizing a loss—work against those who hope to sell stocks as sagely as they buy.
- Reblogged from Kiplinger's
Almost a third of the world is now fat, and no country has been able to curb obesity rates in the last three decades, according to a new global analysis. Researchers found more than 2 billion people worldwide …
Bullish sentiment holds, but neutral sentiment gains in our weekly poll of readers.
Total revenue supporting American journalism has declined by one-third since 2006, according to a new analysis by Pew Research Center.
- Reblogged from Pew Research Center
Even Olympic champions like to show off their University of Michigan colors.
University juniors Meryl Davis, left, and Charlie White finished first in ice dancing with a total score of 195.52 to become the first Americans to win gold in the event.
(Photo by Shep Goldberg for the Daily)
Christopher Leonard, author of “The Meat Racket: The Secret Takeover of America’s Food Business” tells how four companies control the U.S. meat market, to the detriment of consumers and farmers alike.
The Yahoo Finance Sentiment Poll Results of over 25,000 respondents show that bullishness is inching higher week over week.
After a week in which the S&P 500 rallied 2.3%, bullish sentiment increased from 43% last Monday to 45% today.
Bearish sentiment decreased by 2 percentage points from…
- Reblogged from Yahoo Finance
Ben Bernanke is clearly one of the most consequential central bankers of all-time. But was he a good one? A great one? Or a miserable failure? We asked a selection of Daily Ticker guests to give their thoughts on Bernanke’s legacy.
- Reblogged from Aaron Task
Kids AND Antiques Roadshow? Yes, please.
- Reblogged from PBS Parents