Poly Grads facing declining real salaries and greater difficulty finding employment

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An honorable member of the Coffee Shop Has Just Posted the Following:

The job landscape is looking worse for polytechnic graduates.

Median salaries have remained stagnant and employment opportunities are also weakening, the latest Graduate Employment Survey released yesterday revealed.

Last year, median gross salary did not change at all. Median gross salaries remained at only $2,000 per month, and this is similar to what polytechnic graduates were earning in 2013.

In 2012, median gross salary was $1,950.

Prior to that, the median gross salary remained stagnant for several years as well. In 2008, it was $1,854 but by 2011, it actually dropped to $1,850.

Since inflation has been increasing faster than nominal salaries, this means that the real median gross salaries of polytechnic graduates have actually been declining.

Core inflation is expected to increase by 2 to 2.5 percent this year whereas it was 1.7 percent in 2013 and 2.5 percent in 2012.

Thus not only does this mean that actual salaries of polytechnic graduates have remained stagnant, their real wages have fared even worse as they have indeed fell.

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