The median starting salary for college graduates last year was , down 10% from the starting income in years 2006 to 2008. On Thursday’s cover of the , wrote an article entitled “Many With New College Degree Find the Job Market Humbling.” According to the article, only 56% of college graduates in 2010 were able to get a job by this spring, compared to 90% of the graduates in years 2006 and 2007. Only half of those finding a job, found a job where their degree was required.
The article added to Mackey’s point, reporting in their cover story that college graduates aged 25 to 34 working in the food service industry at bars and restaurants increased 17% in 2009 over 2008. NIA’s research has uncovered that 70% of high school graduates have been successful at getting these exact same jobs without even needing a college degree. Mackey also pointed out in “College Conspiracy” that 20% all new waiter and waitress positions are being filled by college graduates. He said in our movie that 60% of college graduates are now being employed in low skill jobs where their college degree wasn’t even required. One of NIA’s expert guests in “College Conspiracy” was , a national recruitment manager for GEI Consultants.
NIA is the creator of “NIAnswers,” the world’s most comprehensive database of questions and answers about inflation, currencies, debt, and precious metals. NIA offers free membership at and provides its members with articles about the U.S. The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation. economy and inflation, daily news stories and blog updates, and important charts not shown by the mainstream media. NIA is the producer of economic documentaries that have received a combined 12 million views including the critically acclaimed “Meltup,” “The Dollar Bubble,” “End of Liberty,” “Hyperinflation Nation,” and brand new “College Conspiracy.” NIA provides unbiased reviews of the major online sellers of gold and silver bullion and also offers profiles of gold, silver, agriculture, oil, and alternative energy companies that could prosper in an inflationary environment.
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