For the last twenty five years, young Americans haven't been able to get a raise — even with a college degree.
Data from the Federal Reserve Bank of New York show that in 2016, the average annual wage of a recent college graduate with a bachelor's degree was $43,000, and for similarly-aged people with a high school diploma, that number is $26,000. In 1990, those figures were $42,847 and $31,160 respectively.
The stock market has been booming since Trump took office, but in the White House and on Capitol Hill, wage-lifting government intervention remains a Democratic pipe dream. A still-hazy $1 trillion infrastructure plan from the Trump Administration has yet to get off the ground, and President Trump's promises of consistent 4 percent annual GDP growth have been pooh-poohed by economists.
Though across-the-board wage-boosting stimulus doesn't appear to be coming anytime soon, earlier this year, millions of workers across the country each got a raise as new, local minimum wage laws across the country took effect. Bureau of Labor Statistics data from 2014 show that workers under the age of 25 make up nearly half of the workforce nationwide making the federal minimum wage or less.
Only 18 percent of workers earning minimum wage or less have at least a college degree, but young people across the country (independent of educational attainment) think it's time the lowest earners got a raise, too. Pew survey data from last August showed that Americans aged 18-29 supported raising the minimum wage to $15 an hour by a margin of 51 percent to 47 percent.