This video highlights the ever-growing wage gap between younger and older workers. Older, more experienced workers will obviously always earn more than those entering the workforce; however, a recent study by the Conference Board of Canada shows the wage gap between workers in their twenties and workers in their forties is growing. The difference in disposable income between people of those ages just thirty years ago was 47%. Today, that figure is 64%.

This is sobering news for anyone my age trying to earn a degree. It is incredibly disheartening to know that there are more qualified students graduating than ever, meaning more competition in the workforce, while also knowing that the lucky few who do land a job will begin well behind the eight-ball. Although a degree is still incredibly valuable, its value has become slightly saturated as more and more students are earning them.

So what else does this mean for us? In all likelihood, it means more years of dependency on our parents than we originally intended. Sorry mom and dad, looks like I’m here to stay.

Source:

http://www.cbc.ca/player/News/Business/ID/2533381457/