Inflation

Of the educational sort. From the NYT

Landon Crider, a courier at Busch, Slipakoff & Schuh, graduated from Georgia State University.Consider the 45-person law firm of Busch, Slipakoff & Schuh here in Atlanta, a place that has seen tremendous growth in the college-educated population. Like other employers across the country, the firm hires only people with a bachelor’s degree, even for jobs that do not require college-level skills.

This prerequisite applies to everyone, including the receptionist, paralegals, administrative assistants and file clerks. Even the office “runner” — the in-house courier who, for $10 an hour, ferries documents back and forth between the courthouse and the office — went to a four-year school……..
“I am over $100,000 in student loan debt right now,” said Megan Parker, who earns $37,000 as the firm’s receptionist.

When will the bubble really burst?

Post by Jonathan Rees

Clinical academic and skin watcher at the University of Edinburgh

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