What you major in has a bigger influence over your income than where you go to school, according to Anthony Carnevale, an economist at Georgetown University. The graph above is based on Carnevale’s research — and it shows the huge range in median earnings for people with different majors.
The federal minimum wage is just $7.25 an hour and hasn’t been raised in three years. But a raise is much more overdue than that. If we look at the minimum wage 44 years ago, and simply adjust it for inflation, it would be more than $10 today. This is another ugly symptom of what has gone wrong in America over the past 35-40 years. From 1979-2007 about 60 percent of the income gains have gone to the now infamous 1 percent at the top, with the majority of those gains going to the top 0.1 percent – people who made, on average, $5.6 million per year.
When women self-promote, which is a behavior absolutely necessary for workplace success, they are viewed as more competent, but are strongly disliked for failing to adhere to gender expectations. It’s a really difficult Catch-22.
And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise.