College graduates are the new unskilled worker

[HughBeaumont]

3. Corporate behavior isn't really helping matters much on that front . . .

. . . when someone is lucky enough TO retire, they tend not to replace them, but just divvy up the duties among existing workers.

During the Shrub Maladministration, older workers who didn't get fired or get their pensions looted got their 401k's gutted, keeping them put for an extended amount of time. Can't move in if they don't get to move on or out.

Corporations don't hire for a prevealing, living wage because they don't have to. In an employERs market, they pretty much can do whatever they damned well please, because your student loan debt and for-profit health insurance (if they choose to give it to you) means you NEED this job.

I don't know what long-term world bosses live in that dictates you can pay workers the same real-dollar wage forever and ever without any sort of production/cost-of-living/inflation adjustments and think they'll still be able to afford your product or services. It's a shamelessly stupid system that's going to eventually consume itself.