We all know how to treat a regular hangover: drink! No, silly, not more Smirnoff Ice, aka, the hair of the dog that bit you; lots of water or soda water, juice, and coffee. Sprite. Pedialyte. Eating can help, although I’ve heard arguments both for and against fatty foods. Ibuprofen (not Tylenol, which, like liquor and/or in combination with it, can damage your liver). Waiting. But how does one deal with the earnings hangover that one did not bring on oneself by partying but simply by graduating at the wrong time?
Students entering the job market in 2010 and 2011 took a 19 percent pay cut from what they could have expected without a recession, according to economists at Yale University in New Haven, Connecticut – about double the penalty in prior downturns. … That reality is haunting a segment of millennials, the 82 million people born between 1981 and about 2000. Full-time 25-to 34-year-old workers saw income erode to a median of $38,000 in 2012 from $38,760 in 2007, based on National Center for Education Statistics data. Salaries for bachelor’s degree-or-higher grads fell to $49,950 from $52,990 in 2007.
It gets … not better: