Academic Education and Training
Helps a Talented Minority

Return to Education Libraries  Updated 7/25/18        
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Prelude:
Changing Education Paradigms

Jobs   Ability   Economic and Non-economic Return

Follow the Money/Psychic Income

Educating the Class of 2034

Epilogue: The Cost of a Misdirected Education

Epilogue 2 Solving the Lack of Good Jobs


 
Jobs

Advanced Manufacturing Key Cog

Gascon and Spewak said wages in advanced manufacturing are high, with the average worker (both production and nonproduction) earning more than $1,600 per week. Wages were highest in computers and electronics manufacturing ($2,300) and chemical manufacturing ($1,900), they noted.

Today, the average advanced manufacturer makes $1.53 for every $1 that the average private sector worker makes, Gascon and Spewak wrote.

In contrast, workers in non- advanced manufacturing sectors earn essentially earn the same wage as other private sector workers, they noted.

BUT Advanced manufacturing employment as a share of private employment has steadily declined over the years, but the sector remains a significant cog in the U.S. economy, Gascon and Spewak concluded.

Apprenticeship programs

2014 Class Continues Underemployment Trend

1. The Myth of the Skills Gap
2. Specific Skill Needs

Ability

A Statistician's Analysis of IQ, Heredity and Education

Five Bad Education Assumptions the Media Keeps Recycling

Big Bad Decisions Have Created Big Bad Schools

Economic and Non-economic Return

Education Less Valuable Than Believed

American Higher Education Turned False Promise

Human Capital in Our Age of Change

Human Capital Economic Model Applied  the Role of Education 
20 min. video University of the Witwatersrand Johannesburg, South Africa
political protest, less discipline added responsibilities

Follow the Money/Psychic Income

Pearson Rakes in Profits

Not All College Majors Are Created Equal

Debt and Grade Inflation Problem

America's Most Overrated Product-Higher Education
from Marty Nemko

Debt Causes Millennia's to Regret Going to College

The Job Training Charade

GED Doesn't Affect Employment and Earnings

Epilogue: The Cost of a Misdirected Education

My Keene State College 1990 Economics 101 class was given data showing that average college graduates make much more than high school graduates. They had seen it before. That is why most of them were in college. Then I showed them median income of college graduates. They were disappointed with the lower number.

I explained how some really high earners make the mean higher than the median. Then I showed them data indicating the bottom quarter of college graduates earned about the same income as high school's top-quarter. They became more unsettled. Then I gave them the lowest income statistic of all, the median income for those with just a bachelor's degree. Those with higher degrees were left off. From the back of the room I heard  "you mean they are ripping us off. 

I pleased to report that the Great Recession has mass media coverage of the decreasing economic return from a college education has substantially increased. But like any unwelcome news, parents, teachers, and politicians will be the last to react properly. The collateral damage has been immense. It will continue to be so unless some responsible mass media helps makes an educational system that improves the well-being of all students . Here is the collateral damage of our love affair with college.

College graduates who can't find a job and dropouts owe over 1.3 trillion dollars in outstand college loans and are finding they do not have the skills to earn a positive economic return from their investment.

Disgruntle U.S. graduates and dropouts whose needs were not met by their investment of many years in school and from whom society receive little support. In fact, many need society's support.

The Tiger Mom social stress has spread to many academically oriented suburban communities. See Reforms to ease students stress divide a new jersey school district The overly academic approach used by most high schools originally had a negative social affected on less advantaged students. Now it is showing up in middle class males.

Epilogue 2 Solving the Lack of Good Jobs

Thanks Walter Antoniotti   antonw@ix.netcom.com