Studies Of The Wage Convergence Problem Between Graduates And Peasant Workers

Starting salary of graduates decreased with each passing year, wage of peasent workers has quietly rised since 2003, the wage convergence between graduates and peasant workers shows in people’s mind in two years. the wage convergence between graduates and peasant workers is not only a economic problem, but also a social problem Because this phenomenon mainly reflects the fact that the starting salary of graduates is dropping, which affects value orientation of society for higher education, "study useless" might look up again, and will further intensify education unfair.Through searching and analysing lots of data about starting salary of graduates and wage of peasant workers, found that starting salary of graduates and wage of peasant workers exist convergence trend. According to labour supply and demand, human capital theory, compensating wage, and national policy, carrying on analysis for the wage convergence phenomenon between graduates and peasant workers; The reasons are following below, higher education expansion mainly causes graduate supply to keep rising, but social effective demand is limited, On the contrary, the number of peasant worker supply increased less, but social demand for peasant workers continue to widen, so opposite tendency makes both wages convergence; Higher education expansion leads to graduates quality coming down and the expansion of higher education drops the education quality, which both caused their education products’ (graduates) quality is coming down, and the peasant workers education level rises and getting more experiences, which both improved their human capital stock, so human capital stock convergence shorten wage gap between graduates and peasant workers; peasant workers and graduates engage different job, so peasant workers can gain more compensational wage, so as to increase the peasant workers’ wages level; National policy plays important effect on social development, government has different oriented policies for graduates and the peasant workers, in which good at improving social status and wage for peasant workers, So shorten the wage gap between graduates and peasant workers.But it is not to get conclusion that receiving higher education is irrational choice, what graduates got is far higher than peasant workers earnings from some aspects to judge, such as future earnings, career development, the non-economic benefits and intergenerational effects.