Salary Declines For Generation Y
|September 23, 2009||Posted by Roshawn Watson under Uncategorized|
The employment outlook for recent college grads has not been great this year. Unemployment, underemployment, and now salary declines have made this job season quite challenging. Generation Y have unfortunately found themselves as expendable shock troops in a campaign of corporate “downsizing.”
Generation Y Particularly Vulnerable in Recession
Another consideration is that the salary data is based on surveying by university of recent graduates, which may be subject to all sorts of biases. A look at the actual survey question(s) and some demographics of the respondents would be helpful in interpreting this data. For example, it would be helpful to know whether there any differences in salary based on race, gender, geographical region, major in school, previous job experience and a variety of other factors that may potentially confound the interpretation of the data. It may be that they have corrected for these factors; however, it is not stated. It would also be helpful to see other summary statistics such as the median salary, as the average salary can be skewed by some of the higher earning students.
Copyright 2012, Roshawn Watson, Pharm.D., Ph.D. All Rights Reserved.