8 September 2016 Currents
Same location for 19 years •“ S. FL’ s finest & friendliest PGA / LPGA Instruction right in your back yard”.
> 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
Gene Suppell Editor & Publisher