8 September 2016 Currents
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> continued from page 7 ing the downturn , and their wages fell more than any other group after it concluded .
This is the most educated generation in American history by both total degrees and share of college graduates . But whereas education once seemed to promise an inviolable social contract-a degree produced a job , and the job procured a good middleclass life or better-the rising cost of school has combined with a chilly labor market to create a perfect storm : Low youth wages that make it hard to pay off record-high student debt . One study from the San Francisco Federal Reserve found that since 2009 , wages for recent college graduates have grown 60 percent more slowly than those of the general population . Given the alarmingly slow growth of overall wages , this is not unlike identifying an animal that moves 60 percent slower than a garden snail . ❏ By DEREK THOMPSON in the Atlantic
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