Worse yet, Georgetown's Center on Education and the Workforce reports that the demand for college educated workers will outpace the supply in the U.S. by more than 300, 000 a year.
Most economists agree that this vast increase in inequality has been caused by increasing demand for college-educated workers amid a slowdown in supply.
FORBES: Want To Reduce Income Inequality? Lower The Barriers To Talented Immigrants
In the past we have argued that colleges have produced a surplus of college graduates (at least in terms of the labor market demand for workers with a college education).
According to the National Center for Higher Education Management Systems, by 2020 there will be very few opportunities for workers who only have a high school diploma or have dropped out of school, and the demand for college-educated workers will keep rising until then.
We also factored in federal unemployment data and median salaries for local college-educated workers, courtesy of Payscale.com.
Despite the union-busting charges, Chung is known for creating a positive environment for employees, allowing them to wear jeans and t-shirts to work and setting up college funds for the children of retired workers.
Economist Alicia Munnell, director of Boston College's Center for Retirement Research, suggests that workers assume their pensions will be frozen and revise retirement planning accordingly.
The supply of skilled, educated workers, including college educated workers, is much greater than the demand for them at decent wages.
And it's true for our workers as well, when a college graduate earns over 60 percent more in a lifetime than a high school graduate.
Joseph Quinn, an economist at Boston College, notes that workforce-participation rates for older male workers fell steadily from the late 19th century until the mid-1980s, then gradually began to turn up, while for women at that time they began to rise.
The poll's finding that five of the six professions show a net expectation that they'll be hiring fits in with an important fact that data from the Bureau of Labor Statistics has shown for the last decade, that unemployment among workers with college degrees is only half the overall unemployment rate.
Many of the laid-off workers had taken out loans for their children's college tuition, but they found it impossible to pay back the loans immediately.
And Gamesa has partnered with Bucks County Community College to create a Green Jobs Academy that serves as a pipeline for new workers as the company expands.
The Maltese have created a special course for aircraft technicians at a local college to ensure a steady supply of qualified workers.
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So, dramatically reforming immigration policy in favor of workers with college and postgraduate degrees has an enormous upside and little expense for American taxpayers.
FORBES: Want To Reduce Income Inequality? Lower The Barriers To Talented Immigrants
We're going to challenge the private sector to partner with community colleges, for example, to help train the workers of today for the jobs of tomorrow, even as we make college more affordable -- so that, by 2020, America once again leads the world in producing college graduates.
WASHINGTON, DC -- Today, the President will visit Lorain County Community College in Elyria, Ohio to highlight how federal job training funding is providing critical services for unemployed workers and helping them to get jobs in high-demand, high-growth industries.
My research based on 5 million American workers in 240 metropolitan areas over 20 years shows that increases in college-educated workers in an area result in better jobs and significantly higher wages, especially for workers with a high school education or less.
FORBES: Want To Reduce Income Inequality? Lower The Barriers To Talented Immigrants
We can gut education to pay for tax breaks that we don't need, or we can recruit 100, 000 new math and science teachers -- (applause) -- focus on early childhood education, provide job training for 2 million more workers in our community colleges, help to lower tuition costs for our students going to college.
"Workers are recognizing there is a crisis, " said Alicia Munnell, director of the Boston College Center for Retirement Research.
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