Dear Friends of the Center:
A colleague recently sent us a link to this chart
from the Educational Policy Institute, which uses BLS’s projections of education requirements in the labor market. To no one’s surprise, the colleague expressed shock that the projections suggest only 30% of jobs in 2022 will require at least some postsecondary education, i.e., postsecondary certificates, professional certifications, AAs, BAs, or graduate degrees.
We have argued many times that the BLS projections are flawed, and while the BLS has confirmed that it doesn’t project education demand and only provides information on “entry level requirements for jobs,” many are unaware of this and erroneously interpret its results as such. Nevertheless, these projections continue to inform policy and practice, leading to decisions of enormous gravity based on poor information.
As we move forward in this recovery, it is important for us to continue dispelling myths related to the economic value of a college education. In case you missed it, our most recent effort to explain the issue comprehensively was a piece
on the PBS Newshour’s blog.
This summer, as we recap our progress, we cannot help but celebrate the great strides made on workforce issues. On Tuesday, July 22, the president signed the Workforce Innovation and Opportunity Act (WIOA)
into law. WIOA allocates $3 billion each year to states and is the single largest source of federal funding for workforce development activities.
We look forward to seeing this program grow and plan to continue contributing to its policy discussion. With the same fervor, we hope to increase awareness on the issues highlighted in this newsletter and encourage you to do the same. Thank you for your support.
Director of Research