| US: Extra 20 million graduates needed by 2025 | |
 Since 1980 the United States has produced too few college graduates to meet demand in the workplace, according to a new study from the University of Georgetown, and has lost its place as the world's most educated nation. America needs an additional 20 million college educated workers by 2025.The report, The Undereducated American, found that the demand for college graduates has outpaced supply, which it says could have a detrimental effect on the economy and precipitate income inequality. "The demand for college educated workers is growing much faster than the supply," Anthony Carnevale, Director of the university's Center on Education and co-author of the report, said in a statement. "We are hurtling into a future dominated by college-level jobs, unprepared." For years, the US was the global leader in higher education expansion. From the 1960s, the country worked to make college more attainable for the masses, and by 1980 between 50% and 60% of Americans had attended post-secondary institutions, according to the study. Demand for college educated workers rose in tandem. The post-war boom and the computer and internet revolutions led to 3.6% annual growth in demand for college graduates between 1950 and 2005. Read more |
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