2017 Prediction: Shortage of College Educated Becomes Acute

One of NineShift's top predictions for 2017 is that the shortage of college educated workers becomes acute this year.

The confluence of these factors are making the situation bad for business:
-Unemployment rate for college educated down to 2.2% - - meaning there's not many non-working college educated left.
-Wages rising 2.9% this year, the best in a decade, meaning underemployed college educated can move up.
-Baby boomers retiring in droves.
-America falling from #1 in the world to #19 in producing college graduates.
-Most new jobs for the knowledge economy require a college degree.

Janet Yellen, head of the Federal Reserve, was right when she spoke last month, pointed out the 2.2% unemployment rate and confirmed the value of a college education. But that "good" 2.2% is now a "bad" 2.2%  - - we desperately need more college graduates.  

The outlook for 2017 is for a shortage of college educated workers.

 

Comments

[Rebel Eichelberger]

Interesting that employees of LERN were never given a cost of living wage increase in the 28 years of employment there. 1% was the normal, If that. Most years it was a nominal bonus, that was taxed so high you might as well have sent a card that said we donatated to the IRS on your behalf. Meanwhile the execs of LERN grew their salaries exponentially.