Young New Yorkers hurt by falling wages, high unemployment and a larger share of college costs
June 24, 2012. An article by Catherine Curan, New York Post.
New York City workers ages 21 to 24 saw their median hourly wages drop 5 percent from 2002 to 2011.
Unemployment is so high that workers with a four-year college degree actually saw their wages drop more sharply than workers with less education, according to the Fiscal Policy Institute.
“Individual young adults have done the right thing and gone to college, but are not being rewarded for it in this labor market,” said James Parrott of the Fiscal Policy Institute.