The good jobs that do exist increasingly require higher education: Since the recession started in the U.S. in 2007, the number of jobs needing a college degree has risen by 2.2 million, according to a recent Georgetown University study. The number of jobs for mere high-school graduates fell by 5.8 million.
Just to stay even, poorer Americans need to obtain better credentials. But that points to another rich-poor divide in the United States. Educators call it the scholastic “achievement gap.” It has been around forever, but it’s getting wider. Lower-class children are getting better educations than before. But richer kids are outpacing their gains, which in turn is stoking the widening income gap.
Across the country, a Stanford University study found last year, the achievement gap between rich and poor students on standardized tests is 30 to 40 percent wider than it was a quarter-century ago. Because excellent students are more likely to grow rich, the authors argued, income inequality risks becoming more entrenched.
“Now, we’re in a situation where we need to educate everyone at the level of the elite in the past,” said Paul Reville, Massachusetts secretary of education. “We don’t have a system to do that.”
It’s an academic arms race, and it can be seen in the sharply contrasting fortunes of Weston, a booming Boston suburb, and the blue-collar community of Gardner, where a 20-foot-tall chair sits on Elm Street as a monument to the town’s past as a furniture-manufacturing hub.
Choosen excerpts by Job Market Monitor from
As the semester draws to a close at schools and universities across the country and college applications are submitted, the Treasury Department has released a report that should be food for thought for students scrambling to complete their work and finish their exams. The new report, prepared in conjunction with the Education Department, shows that … Continue reading »
Income inequality has been rising in the US for almost four decades. President Obama plans to increase taxes on those with high incomes while Governor Romney is against such “class warfare”. John Van Reenen argues that a better focus would be on restoring America’s place as a world leader in public education and thereby tackling … Continue reading »
The Global Skill Gap: 38 million to 40 million fewer workers with tertiary education than employers will need
Over the past three decades, as developing economies industrialized and began to compete in world markets, a global labor market started taking shape. As more than one billion people entered the labor force, a massive movement from “farm to factory” sharply accelerated growth of productivity and per capita GDP in China and other traditionally rural … Continue reading »
Unemployment does not strike indiscriminately. Education, and with it, skills and competencies make a huge difference. Last october, the unemployment rate for 25 years and older (seasonally adjusted) in the United States was more than three times lower among peoples with Bachelor’s degree and higher (3.8%) than among those who have not completed high school … Continue reading »
For the first time since World War II, there are fewer jobs three years after the end of a recession than before it began. Our new Brookings report suggests that most of this flat recovery can be attributed to severe losses in housing wealth and jobs in industries such as manufacturing and construction. Yet education–especially … Continue reading »
The youth unemployment rate is close to 23% across the European Union – yet at the same time there are more than 2 million vacancies that cannot be filled. Europe needs a radical rethink on how education and training systems can deliver the skills needed by the labour market. The challenge could not be tougher … Continue reading »
. . Source: DOES GENERAL EDUCATION MATTER?
It’s common knowledge that new jobs increasingly demand postsecondary credentials. But what’s less well understood is the wide range of those jobs and the educational pathways leading to them. Statistics Canada data on employment by occupational classification show that job growth between 2007 and 2011 was fastest in health-related occupations (over 16 per cent increase) … Continue reading »
Europe / NEET / 7.5 million young people aged 15–24 and an additional 6.5 million young people aged 25–29 were excluded from the labour market and education in Europe
“The immediate future of Europe depends upon the 94 million Europeans aged between 15 and 29″ writes the European Foundation for the Improvement of Living and Working Conditions in NEETs Young people not in employment, education or training: Characteristics, costs and policy responses in Europe. (Adapted choosen excerpts by Job Market Monitor to follow). Apart from the challenges that young people … Continue reading »
“Around the world, governments and businesses face a conundrum: high levels of youth unemployment and a shortage of job seekers with critical skills” writes Mona Mourshed, Diana Farrell, and Dominic Barton in a McKinsey in Its report Education to Employment Designing a system that works. (Adapted choosen excerpts by Job Market Monitor to follow) How can a country successfully move … Continue reading »
Many American adolescents don’t want to go to college. They reject as boring and aggravating the Advanced Placement, International Baccalaureate and other college-level courses offered to them in high school. Yet, they need reading, writing, math and time-management skills for good jobs or trade school slots when they graduate. How can they be persuaded to … Continue reading »