“I would hope that people are being fairly compensated with all this inflation.”
Do you know who doesn’t have as much of a concern about this? People who chose trade school over a traditional college degree.
Campus Reform reports:
Graduating students are concerned about entering the job market as inflation soars
As inflation reaches new highs, creating uncertainty in financial markets, students graduating this semester are worried about whether they will be able to achieve financial stability.
The American economy and working families have been hit with rising inflation over the last year.
Inflation measured by the Consumer Price Index rose by a record 7.5% year-over-year in January 2022, the largest jump since 1982.
In December 2021, the core Personal Consumption Expenditures Price Index, an additional measure of inflation, rose 4.9% compared to the previous year. This was the largest year-over-year jump since September of 1983.
The buying power of the US Dollar is decreasing as prices continue to rise at a record pace, with wage increases unable to keep up with rising inflation.
Concurrently, a 2021 study by the National Association of Colleges and Employers found that nearly 50% of the class of 2020 did not obtain a job within their desired industry within six months of graduation.
Campus Reform spoke to multiple students trying to enter the workforce.
“In terms of employment and the prospects after graduating getting a job, I have concerns,” Daniel Wagner, a senior at Florida Gulf Coast University, told Campus Reform.
“Thinking about graduating and getting a career in the workforce, that’s a big concern of mine, not just for me, but for peers,” Wagner added. “I would hope that people are being fairly compensated with all this inflation.”
Grant Stiles, a senior at the University of Illinois-Chicago, told Campus Reform, “As a financially conscious college student the thought of such high inflation terrifies me.”
“It causes me to worry about my retirement and financial well-being,” Stiles continued. “The economic uncertainty we have been facing also makes it more difficult to find a job that treats and compensates their employees well.”
Donations tax deductible
to the full extent allowed by law.