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CEW Quarterly

2023 Winter Edition

Dear Friends and Colleagues: 

Much awaits us on the higher education front in 2023. At the Center on Education and the Workforce, we are closely following current debates about the value of postsecondary education and its role in economic mobility. We are particularly attuned to issues of educational access as we await the upcoming Supreme Court decision on affirmative action in college admissions. Any shift in the demographic landscape of America’s most selective colleges and universities will have long-term consequences for the role these institutions can play as engines of opportunity. 

Topping the list of reports we expect to release in the first half of 2023 is an analysis of how the forthcoming Supreme Court decision might affect the racial and ethnic makeup of American colleges and universities. All signs to date suggest that the court will ultimately rule against Harvard and the University of North Carolina, banning race-conscious admissions nationwide. Such a decision would threaten the fragile progress that has been made in bringing more Black/African American, Hispanic/Latino, and Indigenous students to the colleges and universities that have historically propelled graduates to positions of power and influence.

Critics of race-conscious admissions argue that admissions based on high school class rank (such as top ten percent plans) and class-conscious admissions—or some combination of the two—could allow colleges and universities to maintain or perhaps even surpass current levels of representation for marginalized racial and ethnic groups. But is this true? And is it fair to characterize maintaining the status quo as a victory, when Black/African American, Hispanic/Latino, and Indigenous students remain underrepresented at the nation’s most selective schools relative to their presence in the population overall? To answer these questions, we modeled several different possible admissions strategies, anticipating how enrollment patterns might change at the nation’s most elite institutions if race-conscious admissions are banned nationwide.

Another vital question centers on the labor-market value of postsecondary education. While struggling to fill open positions, many public and private employers are eschewing degree requirements in favor of credentials and on-the-job experience. But when we project forward over the next decade, we foresee greater demand for postsecondary degrees, not less. The future promises more jobs demanding more education—ideally a bachelor’s degree. We will shine more light on the future of jobs in our forthcoming report on projections of education demands in 2031.

We also will release a report exploring the on- and off-ramps that have the greatest potential to help workers land a good job by age 30, whether they move from high school straight to postsecondary education or opt to enter the workforce without additional schooling. What changes in direction would be most advantageous for young people on the journey from youth to career? Although a bachelor’s degree is indisputably valuable—generating median lifetime earnings of $2.8 million over the course of workers’ careers, compared to $1.6 million for a high school diploma—it is not the only avenue to remunerative and fulfilling work. Expanding opportunities in career and technical education and certain blue-collar and STEM occupations could also help more young people achieve financial security. 

Given the clear and pressing need for more postsecondary attainment to ensure a vibrant and successful future workforce, we should be expanding access. The idea that entry to the most selective colleges and universities might soon move further out of reach for the very groups that have historically been shut out is dismaying. Prospective students are not the only ones who will suffer as a consequence. We all stand to lose.

Sincerely,


Anthony P. Carnevale

Publications

Stop the Presses: Journalism Employment and the Economic Value of 850 Journalism and Communication Programs (December 8)

As the newspaper industry faces ongoing disruption, the number of journalism jobs will continue to decline over the next decade. More than one-third of journalism jobs will be lost between 2002 and 2031, primarily due to newspaper downsizing and closures. 

Op-Eds and Blog Posts

Training Programs Are Welcome, but Let’s Not Overlook the Benefits of a Bachelor’s Degree (December 5)

While training programs can be viable pathways to well-paying jobs, a college degree remains a worthwhile long-term investment. Our research has consistently shown the substantial payoff of a bachelor’s degree in the labor market.

Don’t Sleep on Middle Skills: Sub-BA Qualifications are Winning in Tight Labor Markets (December 9)

A bachelor’s degree is a relatively reliable route to a good job, but it is not the only option. As concerns grow about the affordability of a college degree and the labor market remains tight, middle-skills credentials represent good alternatives that often pay off for workers.

Letters from 2022 (December 17)

CEW’s 2022 newsletters addressed a range of topics, including the value of college, pathways to good jobs, and the future of race-conscious affirmative action.

In the News

College Is Exceptionally Valuable, and We’re Undercounting It 

Though some degrees don’t lead to a high ROI for students, the value of a college degree should not be underestimated. According to a CEW report, college graduates earn an average of $2.8 million over their lifetimes. Read more on why college is “worth it” from Forbes.

What Wharton’s Majority Female MBA Program Means for Other Top-Tier B-Schools

Gender parity in top-tier business schools remains elusive. The University of Pennsylvania Wharton School’s largely female MBA program, however, marks an important step toward achieving parity at business schools. Read more on this milestone in Bloomberg

Bachelor’s Degree Dreams Get Farther out of Reach for One Group of Students

A lack of advising, lost credits, and complicated processes contribute to a dip in the proportion of community college students advancing into bachelor’s degree programs. Read more from the Washington Post.

What Can Colleges Learn from Degrees Awarded in the Fast-Shrinking Journalism Field?

The number of journalism jobs has been declining for decades, primarily due to newspaper downsizing and closures, a trend that is poised to continue. This finding by CEW provides higher education administrators insights into the best approaches for journalism and communications programs. Read more from Higher Ed Dive.

Education Department Plans to Publish List of Low-Performing Programs

The Biden Administration sought public comment on its approach to listing higher education programs that offer low financial value to students and taxpayers. Read more from Inside Higher Ed.

CEW News

Dr. Nicole Smith Appears on CNN’s Smerconish

CEW’s Chief Economist Dr. Nicole Smith appeared on CNN’s Smerconish show to discuss how the tight labor market could affect the way employers think about degree requirements. Watch here.

Martin Van Der Werf Joins NPR’s On Point

Director of Editorial and Education Policy Martin Van Der Werf was featured on NPR’s On Point. The episode explored the future of small colleges given shifts in enrollment. Listen here.

Dr. Anthony Carnevale Joins the Conference on Community College Excellence as Keynote Speaker

Dr. Carnevale joined Bronx Community College for their annual Conference on Community College Excellence. His speech covered the future of community colleges and their role in a post-pandemic world. 

Dr. Anthony Carnevale Speaks at NCCEP/GEAR UP’s Capacity-Building Workshop

Dr. Carnevale gave opening remarks during an NCCEP/GEAR UP event. He reflected on changes in the labor market, trends and challenges in higher education, and opportunities for the pursuit of educational equity. 

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