Income & Wages

The current federal minimum wage falls below the poverty threshold for most households. A new CBO report says raising the minimum will increase income for millions of low-wage workers but cost thousands their jobs.

For those who question the value of college in this era of soaring student debt and high unemployment, the attitudes and experiences of today’s young adults—members of the so-called Millennial generation—provide a compelling answer.

The income gap between couples with relatively high and those with relatively low levels of education had widened substantially since 1960, according to a new study.

Today about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%).

The median pay for 550 chief executives of private nonprofit colleges ticked up by 3% in 2011.

A new cohort of young women—members of the so-called Millennial generation—has been entering the workforce for the past decade. At the starting line of their careers, they are better educated than their mothers and grandmothers had been—or than their young male counterparts are now. But when they look ahead, they see roadblocks to their success.

This links to a posting about the growing share of U.S. household income that goes to college-educated households, who take home a disproportionate share of aggregate income.