As this semester winds down, I’m thrilled to blog about an encouraging graph I spotted in the current issue of TIME magazine. The chart marks “Professions with the biggest raises since the recession began,” and points to public relations professionals as the group receiving the third biggest raises in the nation, ranked behind tax preparers and physicians.
With the Bureau of Labor Statistics, Harmon.ie and the FCC as sources, TIME’s graph notes that in 2010, PR people averaged just under $60,000 in salary and had the third fastest wage growth–32%!–of any other profession. PR was ahead of IT professionals, chemists and even pest control workers, each which saw increases of around 25%. Within the accompanying article titled “Getting Yours” and subheaded “Even in a down market, some jobs still command pay hikes,” author John Sandburn notes: “November brought good news and bad news for U.S. workers. The unemployment rate dipped, but wages remained stagnant. Pay increased just 1.8% in the past year, about half as much as inflation. That may be changing.”
So read this again: Pay increased just 1.8%, yet PR professionals saw a 32% jump. Wow! Needless to say, I was thrilled to see this, and I’m quite sure that the dozen or so students I know who are graduating this month will be, too. This recession has been scary for college students forced to wonder if they’ll get jobs in their chosen field, jobs which include a salary high enough to let them pay their loans and still be able to become financially independent. Thank you, TIME, for making our holiday a little brighter with such encouraging news. Your thoughts?