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College Completion

"The Economy Goes to College"

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College-educated workers in America now make 80 percent more on average than workers without a college degree, a study shows.

That wage advantage is twice as much as it was 50 years ago, when workers with a high school diploma could make a competitive salary in manufacturing work.

The report, released last week by the Georgetown University Center on Education and the Workforce, documents the shift to a high-skills economy in which more college-educated workers are in demand, but not enough are graduating. The underproduction of college talent is causing employers to bid up the salaries of those with a degree, widening the income gap, authors Anthony P. Carnevale and Stephen J. Rose found.

Vol. 34, Issue 28, Page 5

Published in Print: April 22, 2015, as College Completion
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