The importance of post-secondary education
In the 21st Century. This is from the introduction of a new report from Georgetown University.
The post-Great Recession economy has divided the country along a fault line demarcated by college education. For those with at least some college education, the job market is robust. The economy has added 11.6 million jobs since the recession bottomed out1 — 11.5 million, or 99 percent of them, have gone to workers with at least some college education.
By contrast, workers with a high school diploma or less hear about an economic recovery and wonder what people are talking about. Of the 7.2 million jobs lost in the recession, 5.6 million were jobs for workers with a high school diploma or less.
These workers have recovered only 1 percent of those job losses over the past six years. This group also saw no growth among well-paying jobs with benefits. These divergent trends did not begin with the Great Recession, but the recession and subsequent recovery have intensified the long-term trends of differential opportunities between workers with and without a college education, reinforced by skill-biased technological and structural change.