Good news for college-educated workers: You now produce more than 50 percent of the nation’s economy.
Despite making up only 32 percent of the workforce, college-educated workers produce more than 50 percent of the nation’s economic output, according to a new study by the Georgetown University Center on Education and the Workforce. This is a 13 percent increase since 1967, according to the report.
Over 60 percent of the nation’s workforce now has at at least some college education, up from roughly 25 percent in 1967.
“The dramatic increase in the economic value generated by college-educated workers is directly linked to the rise of a college-educated service economy. … College-educated workers and flexible technologies have allowed the United States to achieve this rich mix of economic value at reasonable prices,” the study said.
The transition from a goods-producing to a service-oriented economy has also been a major factor in the increase of job opportunities. The nation has also changed how it produces what is consumed, helping the job market.
(H/T Bloomberg Businessweek)
