Without a dramatic change in how our nation prepares individuals for the workforce and to obtain necessary postsecondary education, the nation will fall dramatically short in cultivating a workforce to fulfill demand, according to a recent report by Georgetown University Center on Education and the Workforce. Help Wanted: Projections of Jobs and Education Requirements Through 2018 projects that by 2018, 63 percent of all jobs will require a degree in higher education, leaving only 37 percent of jobs to individuals who did not finish high school or did not go on to college.
This report — authored by Anthony P. Carnevale, Nichole Smith and Jeff Strohl — underscores why we must ensure that students are equipped to enter into this competitive workforce in which postsecondary education and training will be requirements for a middle class job. CTE can provide support in this area by offering students the opportunity to obtain training and skills and a postsecondary degree.Â These credentials will allow individuals to gain a competitive edge that will make them more desirable in the current and future job market.
Other highlights from the report include:
- Individuals with only a high school diploma are â€œlargely limited to three occupational clusters that are either declining or pay low wages.â€ These sectors are food and personal service, sales and office support, and blue collar
- By 2018 the U.S. economy will need 22 million workers with college degrees but will fall short of that number by at least 3 million degrees
- The United States will need at least 4.7 million new workers with postsecondary certificates
- Americaâ€™s colleges and universities would need to increase the number of degrees they award by 10 percent annually to meet the demand
- In order to achieve the Presidentâ€™s goal of being first in the world in postsecondary degrees by 2020 would require an additional 8.2 million postsecondary graduÂates and would cost $158 billion by state and federal governments