Showing 24 posts tagged salary

A new analysis from the San Francisco Fed finds entry-level earnings for new college grads — defined as working graduates age 21 to 25 — grew only by 6 percent from April 2007 to April 2014. In comparison, median weekly earnings for all workers grew two-and-a-half times as fast, at 15 percent. And while recent grads tend to fall behind after any recession, the gap since the Great Recession has been both wide and long-lasting.

Young college grads’ wage growth is falling farther and farther behind - Vox

There are two main reasons that people who go to college earn more than everyone else. One is that they are hopefully learning something in college that is going to help them in their future careers. Another is that smarter people tend to go to college, and they were going to be more productive regardless. So when you’re trying to measure the college premium, you have to look a little deeper than just saying, How much do people who go to college make versus how much do people who don’t go to college make? It’s not an apples-to-apples comparison.

Smart People Go to College, and Other Twists in Measuring the Value of a Degree - Students - The Chronicle of Higher Education

Women do at least enjoy better percentage pay bumps than men as their grades improve: The study, based on high-school transcript data and interviews of more than 10,000 students, found that, for men, a one-point increase in GPA translated to an 11.85-percent increase in annual earnings, compared to a 13.77 percent annual earnings increase for women. Still, the higher percentage increase isn’t enough for women to catch up to men because their base salary starts off so much lower.

Female ‘A ’ Students End Up Making As Much As Male ‘C’ Students

Over a lifetime, the average U.S. college graduate will earn at least $800,000 more than the average high school graduate, a study published Monday by the Federal Reserve Bank of San Francisco shows. That’s after accounting for the high cost of college tuition and the four years of wages lost during the time it takes to complete a typical undergraduate degree, the researchers found.

Skip College and Forfeit $800,000, Fed Study Says - NBC

An older millennial with a college degree is earning a median full-time salary of $45,500 a year — $17,500 more than the median salary of $28,000 for full-time workers with just a high school diploma, a new Pew Research Center report finds. That’s the largest pay disparity between young high school- and college-educated workers in at least four generations, the report released Tuesday finds. It’s also further evidence that people with less education are at higher risk of getting left behind in the economic recovery.

Value of College? For Millennials, $17,500 a Year - NBC

“While paying teachers well is only part of the equation, higher salaries can help school systems to attract the best candidates to the teaching profession,” the report said. High performing countries, like Korea and the Netherlands, pay teachers more compared to the country’s average salary than lower performing countries — including the United States. The average salary of America’s 3.3 million public school teachers in 2010 was $56,069, according to the Department of Education. The relatively higher pay in those countries appears to draw teachers who had better grades in college. In 2010, McKinsey and Co. found that nearly every teacher in Finland, Singapore and Korea — all high scoring countries on the PISA tests — came from the top third of their college classes. In the United States, only a third of teachers graduated in the top third of their class.

Would raising teacher pay boost America’s low test scores? - Yahoo News

Students who advance further in high school math have higher wages and are less likely to be unemployed, according to a new study from the Cleveland Fed. So when Noah Smith and Miles Kimball say there is a “math person” in all of us, listen up. The study shows that advancing past Algebra II correlates strongly with finishing high school, graduating from college, and thriving in the workforce.

Will Studying Math Make You Richer? - Derek Thompson - The Atlantic

“Employees who were promised $4 worked no harder than those who were promised $3,” Malhotra told the Harvard Gazette. However, “those who were promised $3 but then later were given an additional $1 worked significantly harder than the other two groups.”

The researchers say the differences comes down to the perception of gifts. If the workers know the extra compensation isn’t mandatory, they are more likely to want to reciprocate the gesture, which they do by working harder. When it comes to paying for performance, $3 $1 only equals $4 in the right context.

Cash bonuses are better than raises for getting people to work harder, say Harvard researchers - Quartz

Teacher Pay Hurt by Recession, Report Says

During the recession and its aftermath, public schools took a hit as both state coffers and local property taxes shriveled. That showed up in shrinking employment, but also in teacher salaries.

According to a report being released Tuesday, the vast majority of teachers in the nation’s largest school districts took a pay cut or saw their pay frozen at least one year between 2008 and 2012.

The report by the National Council on Teacher Quality, a nonprofit group that advocates for tougher teacher standards, looked at salary data across 41 of the country’s 50 largest school districts. Average annual teacher pay increases, which included cost-of-living and contractually negotiated raises as well as increases awarded for extra years of experience, dropped from 3.6 percent in the 2008-09 school year to 1.3 percent in the 2011-12 year. (The report did not include increases that teachers may have received for extra degrees or certifications.)

» via The New York Times (Subscription may be required for some content)