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Renewing America

Ideas and initiatives for rebuilding American economic strength.

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Born in 1988. Sorry

by Renewing America Staff
July 8, 2014

Graduating student Abel Charron hire me mortar board USC School Cinematic Arts commencement University Southern California Graduating student Abel Charron displays a "Hire me" sign written on his mortar board before USC School of Cinematic Arts commencement (Mario Anzuoni/Courtesy Reuters).

Can the year you are born dictate how much you make or how healthy you are? In a new column for Bloomberg View, CFR Adjunct Senior Fellow Peter Orszag explains how individuals who enter the workforce during times of high unemployment have lower wages and poorer health outcomes than those who began working in better economic conditions. Most notably, this pattern affects members of the same generation who were born only a few years apart. Over the course of a career, this can result in some workers earning up to $100,000 less than others of the same generation.

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