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Jobs claim center stage due to Trump’s campaign promises
Dear Friends of the Center: 

Eight years ago when former President Obama took office, the economy was an entirely different creature. The recession hadn’t yet peaked, and the country’s financial institutions were in crisis. Once the recovery began, the priority was to stabilize our financial systems and curb a growing unemployment rate that spiked to a staggering 10 percent in late 2009. Job creation was the priority then, and the unemployment figure of 4.7 percent at the close of Obama’s presidency shows the economy’s performance met expectations.

But jobs still claim center stage today due to President Trump’s campaign promise to bring jobs back to blue collar workers left behind by economic and technological change. Even though the jobs recovery has been strong, the focus has shifted to the types of jobs created and who has gotten them.

Thus begins the job quality phase of the debate. Jobs are back, but those with a high school diploma or less are still unemployed. Workers with at least some college education got 11.5 million of the 11.6 million jobs that were added to the economy during the recovery. This begs some key questions: How do we prepare high school workers for these economic shifts? And how can we prevent the gap in income inequality from widening between those with education beyond high school and those without?

The answer may be Trump’s infrastructure proposal, which is essentially a high school jobs project that has the potential to temporarily revive the blue-collar economy. We will see how that proposal unfolds over the next few months as the Trump Administration begins to tackle its lengthy list of campaign promises.


Best, 
Anthony Carnevale
Founder and Director

A new deal between higher education and democratic capitalism
In a new essay, We Need a New Deal between Higher Education and Democratic Capitalism, Dr. Anthony Carnevale chronicles the conflict between capitalism and democracy that began in the 1800s. It also explores the dual role that higher education plays in serving both human flourishing and economic empowerment, and, as a result, raises the question of whether every student seeking postsecondary education is being adequately served in the present system.

White flight in America’s colleges
On December 7, Dr. Anthony Carnevale penned an op-ed for the Washington Post titled, White flight is creating a separate and unequal system of higher education. In the op-ed, Dr. Carnevale discusses how inequities in higher education exacerbate racial inequalities.
Federal Reserve Bank Board Conference
National Press Foundation Webinar
Ann Ferren Conference
On November 28, CEW Chief Economist Nicole Smith spoke at the Federal Reserve Bank Board conference, “Addressing The Risks of Postsecondary Education,” held in Washington, DC. At the event, Smith gave a presentation addressing postsecondary equity and access.
On October 26, Nicole Smith and Wall Street Journal reporter Josh Zumbrun spoke about preparing students for the workforce at the National Press Foundation’s webinar, “Educating Workers for Jobs in the New Economy.” The webinar recording can be found here.
On January 13, Dr. Anthony Carnevale spoke about liberal arts and the commodification of higher education at the 2017 Ann Ferren Conference held at American University in Washington, DC.

January 11, 2017. This analysis examines President Trump’s trillion dollar infrastructure proposal, showing its potential to create 11 million new jobs. The analysis finds that the majority of the jobs would be for high school graduates and would require short-term training.

Share the study on Twitter.
New @GeorgetownCEW study finds Trump's #infrastructure proposal could create 11M new jobs. Read: http://bit.ly/2iKMd1t #CEWemployment  
In this op-ed, Dr. Carnevale discusses how the economy has shifted from a manufacturing economy to a service economy, highlighting the rise of “middle-skills” jobs.
 While the number of high school graduates is projected to stagnate over the next decade, the share of Hispanic students is expected to rise. Read more.
 States aim to lure college dropouts back to school to increase number of college graduates. Read.
 The pay gap between college graduates and everyone else has hit a record high. Read more in this AP article.
 The new ‘good jobs’ that pay well but don’t require a bachelor’s degree aren’t found on the assembly line anymore. Read more of Dr. Carnevale’s op-ed.  
 Good news, English majors! The value of your degree is increasing. MarketWatch explains.
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