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Higher Educated Workers Find Themselves In A More Advantageous Position At Post-Crisis Times

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America’s employment market has finally entered the recovery stage. After quite a long period of stagnation, people are starting to feel more confident about their future. However, many researchers say, it is too early get relaxed about the whole situation for not everyone is on the safe side.

Apparently, the recovery will mostly affect those people that can boast a college degree while leaving behind all those who only have a high school diploma.

Anthony Carnavale, director of the Georgetown University Center on Education and the Workforce, says college-educated workers with master’s or doctorate’s degrees are the first to experience employment gains. Thus, a 6.7% employment gain was indicated among master’s or doctorates degree holders in 2012 compared to only 5% employment gains among those with a bachelor’s degree.

Still the contrast with people who do not have any form of post-secondary education training is dramatic. Not only do they lag far behind their more educated counterparts, but also continue to show a steady tendency towards leaving jobs in flocks. The bad news is that people who have a school diploma or less make up for about 36% of the whole U.S. workforce aged 25 and over.

Over the last two years, more than 2 million of such workers are reported to have lost their jobs and these numbers keep rising.

Researchers say there is a great shift in demand for better-educated workforce. Health care, which is one of the fastest growing fields these days and creates more jobs than any other sector, is more likely to welcome workers with higher degrees than, say, construction that is still experiencing severe job cuts.

Another interesting fact is that jobs, which were previously readily available to workers with a school diploma in their pocket, now favor applicants that are more educated.

Because of the crisis, many college-educated people with a bachelor’s degree had to settle for low-paying and low-skilled occupations, driving out a much less educated workforce from their domain.

On the whole, being college-educated is much better than undereducated, believes Jonathan Rothwell, senior research associate at the Brookings Institution. Even though they earn less than they possibly could while doing jobs that they are over-qualified for, they still make 37% more than undereducated workers employed in the same field.
 

 

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