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However, researchers at Georgetown University project that by 2031, 72 percent of jobs will require some type of education or training after high school. Students are assuming historic levels of loan debt in pursuit, ironically, of economic mobility (a long-proven benefit of higher education).
It’s a threat to the nation’s global economic competitiveness and national security. The economic ramifications of this in the United States are twofold: first, on individuals’ job prospects and earnings potential; and second, on the country’s productivity and competitiveness. That’s much faster than most other kinds of jobs.
By 2031, we estimate that 43 percent of all jobs and 66 percent of good jobs will demand a bachelor’s degree or higher. At the same time, we should not forget that the bachelor’s degree still offers the best chance for people to secure sustainable economic opportunity. Since the 1980s, the U.S.
Amid declining birth rates, the Education Department estimates that national public school enrollment will drop by 5 percent or more by 2031 — a sharp change after decades of increasing enrollment. Harris, chair of the economics department at Tulane University and director of the National Center for Research on Education Access and Choice.
The impact of this is economic decline, Jeff Strohl, director of the Georgetown University Center on Education and the Workforce, said bluntly. Forty-three percent of them will require at least bachelors degrees by 2031, according to the Georgetown center. Related: Interested in innovations in higher education? But many do.
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