The quickly settled International Longshoremen’s Association strike takes us one more step toward the Great Inversion: a future in which people in the skilled and semi-skilled trades boast higher average wages than most college graduates. If the justification for most college degrees—only 10 percent of them in STEM fields—reduces to their boosting future earning power, then those graduates will have a problem. (Granted: a college education should be about more than just maximizing earnings.)
It has escaped no one’s attention that the settlement with the longshoremen’s union will bump up annual starting salaries to about $80,000, with mid-career salaries over […]
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