The Education Gadfly Show: The link between location and income
This week’s podcast guest is John V.
This week’s podcast guest is John V.
Conservatives are right to be leery of bailing out profligate state and local governments, especially for needs that bear little relationship to—and pre-date—the virus crisis and its economic consequences. A well-crafted bill would base the amount of funding for state and local governments upon an estimate of the actual costs and losses incurred as result of the pandemic. It cannot be a blank check to fund every item on a state’s wish list. But telling states to “make hard decisions” is not going to cut it.
The COVID-19 pandemic and its economic fallout has yielded yet another cautionary tale about the perils of entering the workforce with nothing but a high school diploma. But that doesn’t mean that everyone needs a four-year college degree, or that we should build our high schools around that singular mission. In many American cities, workers with associate degrees earn middle-class wages.
Yes, what you make depends on what you know and what credentials you carry. But it also depends on where you live. That's what we find in our new report by John V. Winters. The first-of-its-kind analysis compares mean earnings for full-time workers with different levels of education in all 50 states and D.C., over 100 metro areas, and rural America. Read it to learn more.
A skills gap occurs when the demand for a skilled workforce increases faster than the supply of workers with those skills. As the U.S. economy recovered from the 2008 Great Recession, that gap was evident in many economic sectors.