Wage stagnation, long the bane of blue-collar workers, is now hitting people with bachelor's degrees for the first time in 30 years. Earnings for workers with four-year degrees fell 5.2% from 2000 to 2004 when adjusted for inflation, according to White House economists. It is a remarkable setback for workers who thought they were well-positioned to win some of the benefits of the nation's economic growth, and it may help explain why surveys show that many Americans think President Bush has not managed the economy well.
See "That Raise Might Take 4 Years to Earn as Well", Molly Hennessy-Fiske, Los Angeles Times, July 23, 2006