Help Wanted: 11 Million College Grads

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This spring more than 2 million students across the US are doing something I’ve never done. They’re graduating from college.

That’s an achievement we should all celebrate. Although I dropped out of college and got lucky pursuing a career in software, getting a degree is a much surer path to success.

College graduates are more likely to find a rewarding job, earn higher income, and even, evidence shows, live healthier lives than if they didn’t have degrees. They also bring training and skills into America’s workforce, helping our economy grow and stay competitive. That benefits everyone.

It’s just too bad that we’re not producing more of them.

As the class of 2015 prepares to join the workforce, what many people may not realize is that America is facing a shortage of college graduates.

 By 2025, two thirds of all jobs in the US will require education beyond high school.

That may not seem possible, especially for any graduate who is unemployed or underemployed. But here are the numbers: By 2025, two thirds of all jobs in the US will require education beyond high school. (That includes two-year and four-year college degrees as well as postsecondary certificates.) At the current rate the US is producing college graduates, however, the country is expected to face a shortfall of 11 million skilled workers to fill those roles over the next 10 years, according to a new study by Georgetown University’s Center on Education and the Workforce.

I’ve had a couple chances to talk about this skills gap with Cheryl Hyman, the chancellor of the City Colleges of Chicago. We first met over dinner with a number of education leaders last year, and I was really impressed with her accomplishments. Raised in poverty in Chicago’s housing projects, she got a college degree in computer science, worked her way to the top of a Fortune 500 company, and is now one of the most innovative leaders in higher education. Since taking the job in 2010, she’s doubled City Colleges’s graduation rate.

After our initial dinner, Cheryl kindly agreed to come out to my office so we could continue the conversation:

 

To view the full article visit the June 2015 National News blog page!

 

SOURCE: GatesNotes: The Blog of Bill Gates

Retrieved on June 5, 2015.

SOURCE LOCATION: http://www.gatesnotes.com/Education/11-Million-College-Grads?WT.mc_id=06_03_2015_11MCollegeGrads_BMGFTW&WT.tsrc=Twitter

For more information, visit gatesnotes.com/Education.

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