Presidential Issue #2 |
"In October 2014, 68.4 percent of 2014 high school graduates were
enrolled in colleges or universities, the U.S. Bureau of Labor
Statistics reported..." 4/16/15 Some are enrolled to collect Pell Grants
for spending money. See
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College Graduate
Supply American colleges push out graduates even though supply was outstripping demand and fewer young people were benefiting financially from college. 41% of our 18- 24-year-olds are enrolled in college. 27% of jobs need formal education beyond HS (chart) so the 14 percentage point oversupply means wage decreases for many graduates.
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Only
Best
and Brightest Companies started paying their few stars a lot more than Joe Average. These companies looked for stars and paid them bigger dollars. In finance, high tech, and management the spread began to widen between those in the middle and the STARS. |
What Counts, Where Not So Much! |
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Education Reform
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Again Its Our Best and Brightest1 "In 2011, the top 30 percent of earners with a high-school degree earned more than what 50 percent of workers with an Associate’s degree earned. This same top-earning group of high-school-degree workers also made more than a quarter of workers with bachelor’s degrees. We find that higher-paid high-school-degreed workers are represented more heavily in occupations that require technical post-secondary education attainable through certificates or apprenticeships." clevelandfed.org Other Education Stuff |
And the Answer Is?
1. How much should I sacrifice to invest in college? 2. Are there better economic investments? |