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Open thread for night owls: Lower pay for new graduates follows them for life

The Wall Street Journal puts up a paywall for most articles, so unless you subscribe or engage the site with go-around software, you won't be able to read the whole piece I am going to excerpt below. And since I can't get permission for a longer excerpt as I usually do, this will be short. And, like so much information about the labor market these days: frustrating, troubling, even infuriating.
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