That Raise Might Take 4 Years to Earn

Those with bachelor's degrees are finding their incomes stagnate despite a growing economy.

By Molly Hennessy-Fiske, Times Staff Writer
July 24, 2006

WASHINGTON — The economy has been steadily growing, with unemployment low and corporate profits at historic highs.

So why can't David Lewis get a decent raise?

Lewis worked his way up through a string of technology companies around San Jose, finally landing a $77,000-a-year Web design position. But in five years in that job, he received only a single 5% pay increase.