Why Are College Students Screwing Themselves over to Barely Make More Money Than People Did in 1979?

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Top Tier Gear USA


A recent Pew Research report shows that the American middle class is disappearing. Most Americans are no longer considered middle class anymore. The wealth gap in this country, a gap that continues to grow, has already broken all records. In short, the rich are getting richer and the poor are getting poorer.

Data also shows that, despite the fact that many American college students enter their adult lives by taking on tens (and sometimes hundreds) of thousands of dollars in debt for the promise of a good job with better wages when they graduate, in reality, they are starting out making barely more than the average college graduate made nearly 40 years ago.


Male/female pay gap aside, in 1979, the average male college graduate started his new job at $20.61 an hour.

In 2011 according to this chart, that wage averaged $21.68, just a few cents over a whole dollar more. In 2014, the amount only increased to $21.86 (and 2015 data isn’t out yet, obviously).

But what does that 2014 dollar really buy these days? Because the price of everything has gone up a lot more than a dollar.

Let’s just look at the differences between the two years in the price of a loaf of bread and a gallon of milk.

(Sources: Inthe70s.com, NationMaster)

So a college graduate, starting out his adult life as a debt slave, might make a whole $1.25 more an hour these days, but a loaf of bread costs nearly $2 more than it did in 1979, and milk is $2.26 a gallon now. Go ahead and figure this up for everything the average person buys in order to get by in daily life and… well…

You get the idea. Inflation has increased 244.24% since 1979.

And all this, despite the fact that in 2008 it was reported that college tuition fees have increased in the U.S. a whopping 439% since 1982!

Unless a person has rich parents who pay for college, taking out loans is about the only way most college students can even afford college. Over 70% of Americans have some sort of student loan debt, which now exceeds total credit card debt in this country. The average student loan debt is $33,000. The student loan debt bubble has grown to over $1.3 trillion in this country. It’s one of the main reasons more college students and graduates than ever are still living at home with their parents.

And the reality is, the jobs for grads just aren’t there. This study is one of many which shows that the growth of supply of college-educated labor is exceeding the growth in labor market demand for college-educated labor.

The jobs simply are not awaiting all these college graduates, as evidenced in this chart here:


Twice as many people (or more!) are looking for jobs in most sectors than there are jobs available in those sectors in this country.

And currently 48% — that’s nearly half — of America’s college graduates are working jobs that do not even require their college degree. The proportion of overeducated workers has grown substantially since the 1970s; according to the Bureau of Labor Statistics, some 5 million American college grads are working jobs that require less than a high school education.

So why are so many young people still taking on gargantuan amounts of student loan debt just to pay thousands more a semester to get a college degree for a job that either doesn’t exist or ultimately isn’t going to even help them pay all that student loan debt back, let alone be able to afford the basic necessities to live on?


That’s the only reason I can figure. The promise of the American Dream. It’s a dream because the reality is, it simply does not exist.

And in other news, long-term unemployment in America is now at an all time high…



Sugar Babies: More and More College Students Are Literally Becoming Whores to Cover Rising Tuition Costs

How Student Loan Debt Is Turning Us into Serfs

Video: Student Loans Are Like STDs (Everyone Is Catching Them)

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  • College is a scam, you can take Ivy league courses online for free now.

    • aliasooze

      My step daughter just asked me to look at her college loan debts. She has pell grant money in excess of $4700 sitting there since 2004/2005. Pell grants aren’t supposed to be paid back, you do have to pay taxes on anything that isn’t used for college or housing during the time you were in school. So the pell grant money should have been used for college or sent to her. When she inquired about it she was mocked and told it was 10 years old.
      Her outstanding balance is just over $10,000 accruing interest of course. OMFG! These have been passed around like a 5$ dollar whore. The government then turned guarantee companies into 401 C (tax exempt) entities and has been giving them billions to collect the debt.
      Bottom line…corporations, loan collection agencies, banks and government entities have probably been packaging these up and selling/trading them back and forth all the while investing in the stock on wall street. Seem familiar? HOUSING LOAN CRISIS.
      I just received this mission a couple of days ago…but it’s a mess. I’m only through about 20 % of what she gave me and there have been at least 15 entities that have their hands on this. Anyone have any advice???
      Meantime I’m getting offers to get financing for school and offers for loan consolidation both online and by phone. I’m just researching not plugging in info. Another government scam! Buyer beware.

      • roger

        Convert this to a word document and use the hell out of it.
        [Your Name]

        [Your Mailing Address]

        [Your City/State/Zip]

        Certified Mail, Return Receipt Requested # [Insert the
        Certified Mail Receipt Number here]

        [Insert today’s Date]

        [Insert name of collection agent, if available]

        [Insert name of collection agency]

        [Insert address of collection agency]

        [Insert City/State/Zip of collection agency]

        REF: Account # [Insert either the original account
        number or the collection agency’s account reference number here]

        Dear [Insert name of debt collector calling–if available–here]:

        You are hereby notified under provisions of Public
        Laws 95-109 and 99-361, also known as the Fair Debt Collection Practices Act,
        that your services are no longer desired.

        You and your organization must CEASE & DESIST all
        attempts to collect the above debt. Failure to comply with this law will result
        in my immediately filing a complaint with the Federal Trade Commission and the
        [Insert your home state here] Attorney General’s office. I will pursue all criminal and civil claims
        against you and your company.

        Let this letter also serve as your warning that I may
        utilize telephone recording devices in order to document any telephone
        conversations that we may have in the future.

        Furthermore, if any negative information is placed on
        my credit bureau reports by your agency after receipt of this notice, this will
        cause me to file suit against you and your organization, both personally and
        corporately, to seek any and all legal remedies available to me by law.

        Since it is my policy neither to recognize nor deal
        with collection agencies, I will settle this account with the original

        Give this matter the attention it deserves!

        And have a nice day.

        [Sign your name here]

        [Insert your name here]

        • aliasooze

          Thanks for the help.

      • Wow, maybe you could try a consolidation loan but that would only make sense if the original loan rate is high which usually they are lower interest rates. I invest in lending club and that is a great peer-to-peer lending service, I would use it myself to borrow money if I needed it for sure but they are strict with their credit requirements and loans only go to 35k I think.

  • StevetheHun

    Back in the day, an elementary school education meant something. You could read, write, balance a checkbook, think logically, compose an essay, and follow written instructions. So, it was valued that employees have such an education.

    Then some well meaning but dumb-donkey said “We should make it mandatory that everyone have an elementary school education!”

    Okay, so they made it so everyone had a elementary school education, but the quality was lower and the standards were lower. Now, if you wanted someone who could read, write, balance a checkbook, think logically, compose an essay, and follow written instructions, you got a high school graduate.

    Then some well meaning but dumb-donkey said “We should make it mandatory that everyone have a high school education!”

    Okay, so they made it so everyone had a high school education, but
    the quality was lower and the standards were lower. Now, if you wanted
    someone who could read, write, balance a checkbook, think logically,
    compose an essay, and follow written instructions, you got a college

    Then some well meaning but dumb-donkey said “Everyone who wants to get ahead should get a college education!!”

    And here we are. The quality of a college education is so poor that it makes you stupid by many measures.

    Are we learning yet?

    • none

      You forgot to mention ITT technical college. Up here in
      Fort Wayne, they hold the number one position. After taking the highest number of defaults from The Ravens cove school of beauty.
      Sideal note: I have always figured it was the men of Ravenscroft!
      There really isn’t a demand for that many male beutitions.

    • Abraham Lincoln learned enough at home to stuff his law library under his arm and find his first clients before he was old enough to vote. To do that today, he’d have to go through several years of public education and several more years of university.

  • Ken, Megapolis

    Pardon me but why go to Uni age 18, graduate at 21 and go to work for Macdonalds? I recommend joining Maccie Dee’s at 18 and having 3 years of life experience under your belt by 21. Believe you me and you have the benefit of my life experience.
    Thankyou for hearing me out.
    Good luck in your job search.

    • David Mowers

      No degree means you are automatically disqualified from ever receiving a pay raise or advancement.

      • The banksters are doing that now.

        • David Mowers

          Yes but according to the C.E.O. of Goldman Sachs bankers do the Lord’s work so as-such they are infallible.

          • I suspect that he was talking about the Lords of the house of, rather than the one you might worship.

          • David Mowers

            In an after school special filmed in the 90’s he(Goldman Sachs) claimed that bankers were rich because Christians(being stupid and backwards) refused to take more money from the economy than they thought they needed to survive therefore bankers had no choice but to safeguard that wealth and hoard it.

          • That doesn’t detract from my premise that he was talking about governmental lords rather than religious deities. Was it someone actually named Goldman Sachs, or Goldman, or Sachs? If they wanted to safeguard wealth, they should be hoarding PMs like those of us who are doing so for that reason.

          • David Mowers

            It was a Goldman Sachs banker who took a friend’s recently-graduated son around Manhattan for the day to convince him that stealing other people’s money was a noble career.

          • Was that the way he phrased it, or you assessment of his intent by the outcome he practices?
            Most professionals who harm their clients do so through innocent ignorance, like doctors who kill their patients with chemotherapy.

          • David Mowers

            He said that there was all this money because Christians don’t believe in having money so they accept lesser roles in society choosing to become waitresses and it was amoral not to take their share of the winnings.

            He was using the restaurant’s waitress as his example.

            He completely discounts ability, talent, drive or effort believing that all poor people are poor because they want to be; because Christians enjoy poverty.

          • Did he actually include Christians and Christianity in what he said? If so, why are they only appearing in your account following my probing? I don’t suppose you have a URL where we can hear him for ourselves.

          • David Mowers


            Sorry man it was played in New Jersey junior high schools and I believe Michael Moore used a clip from it but that’s the best I can do.

          • Michael Moore raised his assessment of himself on my part when he publicly announced, some time after the release of Bowling for Columbine, that that shooting was more likely to have been caused by the psychiatric drugs that Klebold and Harris were taking than by gun possession.
            The Pope is doing a pretty good job of recounting Jesus’ position on wealth. Being a theosophist, I don’t think that money should be used as a weapon or as an reason for being a piece of human trash.

          • David Mowers

            I am pretty sure Moore played a clip from this special on his last film about the economic implosion.

          • I watched the part of Bowling for Columbine that I have seen on the BBC in december of 2003, when I was vacationing in London during my annual layoff. I have never seen anything else by Michael Moore.

          • David Mowers

            His work is inspiring to say the least.

          • I’ve always regarded it as propaganda for profit.
            That is why his veracity regarding the involvement of drugs was so impressive. If he’d have produced a documentary about the crimes of the pharmaceutical industry, I might buy that one.

    • Since one has to be 21 to be an interstate truck driver, get started doing intrastate ASAP, and you’ll have years of experience before you cross any state lines. Transportation and communications are two essentials for modern society to function, and I have experience in both. By the time you have proven yourself in any workplace, you will have made yourself indispensable to someone far enough up the ladder to provide a hand up, if one can be had.

    • sunshine

      Yep, I never went to college and don’t regret it. My parents would’ve paid for it, but I knew I couldn’t handle 4 years of pure bullshit. So I ended up being a stay at home mom and wouldn’t have done anything with it anyway (I never wanted to work) so better I didn’t waste the time or my parent’s money. I have a friend who went and she’s also a stay at home mom and she complains about how she wished she had done it different because she owes money. It’s all a scam.

      • Being in debt is a symptom of the inability to plan and delay gratification.

  • Tatiana Covington

    in effect, college is now a giant fraud.

  • Adam Three

    Yep, I know a lot of persons including my daughter who have debts from school. Even some who are over 40. That is why we have organized a support service to help them resolve this issue screwing up so many lives. You can give us a call at 855 407 5122 to get the down low on what to do.

  • David Mowers

    America is dead. It is a lie being perpetuated by the media.

    • whiteberry

      I concur!

  • Plextt Plextt

    Because of their inability to teach themselves how to prosper financially.

  • Mbush8281

    If the government gave a million dollars to every man, woman, and child it adds up to $335 million dollars. So tell me how a lot less than 335 million people went to college and owe $1.3 trillion dollars if their average college debt is $35,000?

    • Brian 1

      Because the U.S. has a bigger class problem than Britain ever had, even with royalty. Ours is just based on money – getting it, keeping it, and being exclusive from those that don’t. How “small” countries with a fraction of our GDP make college basically free – or even pay people to get a skill or higher education – is a mystery to me. But I’m sure the answer to the Rush Limbaugh listeners is ugly damnable socialism instead of an investment in a country’s future. Expect all products to be designed in Europe and built in China completely bypassing the United States as it wasn’t enough just to get rid of the “over paid” industrial jobs, the employers want to end all well paid jobs.

    • none

      Interest on the loans. If everybody payed off debt, then the banks would go under.

      • Fortunately, there isn’t enough real money to pay the debt, currency only discharges it.

    • mirageseekr

      It is because of the interest. Part of the solution is to get rid of the fed and also clamp down on the corrupt banksters.

      • It is not necessary to clamp down on the banksters if We the People would just smarten up and stop going into debt to buy things we don’t really need.

        • mirageseekr

          Do you understand that every dollar our government borrows from the fed (private bankers) that we owe more interest than money exists to ever pay? This has devalued our currency and made us debt slaves because a bunch of traitors have started this little scheme. That is before we get into BS derivatives, speculation, and all the other scams. Sorry but yes people should be more conservative in understanding what they really need but the banksters do need to be put in check.

          • Our currency has been devalued by massive inflation in its supply, largely in cyberspace.
            It would be easy to put the banksters in check if people would be willing to stop using virtual currency, but most of them are too ignorant to understand most of their world as it is, thanks to the public fool system.

    • They created a lot of rich university administrators.

    • Mbush8281

      My Mistake…$335 Billion still is a whole lot less than $1.2 Trillion.

  • Brian 1

    Why go to college? Read the want ads where employers offering “good jobs” automatically weed out the “riff raff” ( at least in their opinion ) with the requirement of some college or at least two years of college. It’s the best way to save the time and effort of going over far too many applications and being safe from discrimination lawsuits resulting in unfavorable interviews with the boss or his human resource department. Sadly, the demographics of most non-college attending people largely backup the prejudices of these potential employers e.g Black, too young and inexperienced, never held more than a minimum wage service industry job, not too smart and/or functionally illiterate, etc. Colleges, and at least to some degree the military – although now most military members have at least some college credits, act as filters to the untrainable, can’t regularly show up on time, never had any responsibility etc.
    Until we go back to the long gone days of college attendance being the exception, even for the very intelligent and ambitious, and not the rule, it will be used by companies to judge strangers – which every potential employee begins as.

  • Most of the people who have gotten college degrees in the last several decades would have been better to have attended a vocational program of some kind, and get to work.

  • Those who can’t work for the government, live in a van down by the river.

  • Who will fix the robots when they get pickled?

    • masterblaster

      h1 visa indian

  • sunshine

    $2.26 for a gallon of milk? Haha in what world? Milk here is almost $4 a gallon and this isn’t an area of rich people. But, we can get bread at the dollar store for $1 so I guess it evens out sort of. All I know for sure is you’ll never ever get ahead in life.

  • masterblaster

    people in general need to DROP OUT of the fixed system.

  • Americadies

    It is called indoctrination, by liberal educators, bolstered by media and entertainment. One can only hope some college students realize how they have been fooled by liberalism.