The Center on Education and the Workforce at Georgetown University recently released a report showing how the long-term growth in the demand for a highly skilled workforce is translating into divergent rates of job growth for workers with different education levels.
They report that “As factories and mines have closed and office and administrative support functions have been automated, men and women without a college education — who were previously able to build a middle-class life and raise a family — found themselves out of a job, often for prolonged periods of time and, in some cases, even detached from the labor force. Those who were lucky enough to find another job after being laid off or displaced often did so at a price — lower wages, which often take decades to rebuild to their pre-displacement levels.”
Some surprising statistics from their report:
Source: Georgetown University Center on Education and the Workforce, America’s Divided Recovery: College Haves and Have-Nots, June 30, 2016. Employment includes all workers age 18 and older.
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