According to the center’s director, Anthony P. Carnevale, “Our research also finds that key job growth has occurred in careers demanding high skilled workers in offices, hospitals and schools. Manufacturing jobs and other blue-collar jobs are declining and college-educated workers now produce more than half of the nation’s annual economic value. In 1967, college graduates accounted for 13 percent of workers and more than 20 percent of wages, but now account for 34 percent of workers and 53 percent of wages."
This increase of wealth has shifted consumer demand from mass produced goods to mass customization of goods and services. American’s spend less on clothing and food: food and clothing dropped 27 percent since 1947. This trend allows U.S. citizens more discretionary funds to spend.
For the complete report: https://cew.georgetown.edu/report/economygoestocollege/
This increase of wealth has shifted consumer demand from mass produced goods to mass customization of goods and services. American’s spend less on clothing and food: food and clothing dropped 27 percent since 1947. This trend allows U.S. citizens more discretionary funds to spend.
For the complete report: https://cew.georgetown.edu/report/economygoestocollege/
Washington D.C. – The Georgetown University Center on Education and the Workforce released their latest report, titled The Economy Goes to College: The Hidden Promise of Higher Education in the Post-Industrial Service Economy. The report analyzes the trends in production of goods and services. Changes in consumer demands have created more jobs demanding post-secondary education, increasing the value of obtaining a college degree or certificate.
