The United States has been underproducing college-educated workers for decades. The undersupply of postsecondary-educated workers has led to both inefficiency and inequity
Adding 20 million additional postsecondary-educated workers over the course of the next 15 years will help us meet the economy’s need for efficiency and reduce income inequality.
-The Undereducated American
Looking ahead to the year 2025, there are two potential paths forward. Current supply trend: +1.0% per year. Supply trend: +2.6% per year.
From 1915 to 1980, supply grew in tandem with demand. But, starting in 1990, the share of college-educated young people in the workforce rose very slowly.
The disparity between the wages of college-educated workers and high school-educated workers will jump from 74% to 96% if we do nothing. If we add 20 million postsecondary-educated workers, wages for all groups will rise.
Are you a member of the media? Click here