March 31, 2013
It’s always nice when a major news outlet picks up on work by CEPR, even if it takes a year and some other economist to produce similar findings. Therefore, I was naturally happy to see this piece in the Wall Street Journal reporting that almost 300,000 college educated workers are earning the minimum wage.
The WSJ piece is based on a new paper by three Canadian economists that finds that many college educated workers are employed at jobs that don’t require college degrees. This is bad news not only for the college educated workers, but also for less-educated workers who are displaced by these college educated workers.
My colleagues at CEPR, John Schmitt and Janelle Jones, had done a short paper last April pointing out that minimum wage workers were much more likely to be college educated and have considerably more work experience than in prior decades. I’m glad to see that the WSJ has finally discovered this news.
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