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In the Salary Race, Engineers Sprint but English Majors Endure

Since new technical skills are always in high demand, young college graduates who have them earn a short-run salary premium. Yet when the job changes, these now experienced workers must learn new technical skills to keep up with fresh college graduates and a constant stream of talent from abroad. The result is slower salary growth and high exit rates from the STEM work force. Between the ages of 25 and…