For most workers, wages are rising only modestly.
Students graduating at Pasadena City College in June. A strong job market should encourage students to finish early or defer education in favor of employment, leading to sliding enrollment. That hasn't happened to any great extent. helped allay fears that the combination of trade wars and weakness overseas would drag the U.S. into a recession. It also underscored how far the nation has to go to fully heal from the great recession.
This isn’t an anti-business perspective. Traditionally, businesses have done well when labor’s share of the economic pie is rising. The largest peak in recent memory was during the boom of the late 1990s. Often an associate’s degree in a health-related field or even a certification in STEM will pay more and have a far higher return on investment. However, when jobs are difficult to find, college offers both an alternative to unemployment and, if not more money, a slight edge in getting hired when they get out. As employers become more desperate to find workers, both of those reasons fall away and the pressure to get a four-year degree decreases.
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