Jared Seyl Denver: Why Do Veterans Earn More?
While there are still over 300,000 veterans who are still looking for jobs, the unemployment rate among veterans has reached an historic low. Not only are veterans getting the jobs they want; they are also earning more than non-veterans – close to $5 an hour more, to be precise. A study conducted by professors at the University of Akron compared the average wages of veterans from 2005 to 2015, and found that they earned more than non-veterans because of three main factors. 1. Higher work experience. Many veterans to enter the workforce at a higher position than most entry-level employees. Many of those who were surveyed, said the study’s authors, are also older, are more likely to be married, and are also more likely to have children. Therefore, they have to earn more to support their families. 2. Choice of occupation. Veterans tend to gravitate towards fields that utilize their skillsets, including engineering, health care, security, and government. These industries often have h