America’s future depends on our ability to train future generations to fill necessary workforce positions, and to continue innovating so that American businesses can meet new challenges and open new sectors. Yet, our country is not producing enough college graduates to meet the growing demand – 16 million too few by 2025, according to the Kresge Foundation.
To understand the economic impact of this impending gap, one only needs to look to the Pew Charitable Trust, which states that each college degree completed translates into an average $1 million in increased lifetime earnings. Taken together, America is facing a $16,000,000,000,000 hit to the US economy in opportunity cost – simply due to a lack of college graduates.
In this blog post, Johnny C. Taylor, President and CEO, Thurgood Marshall College Fund, discusses why America is not producing enough college graduates, what his organization is doing to address this issue, and an easy way national and community-based businesses can contribute to solving this problem.
>> Continue Reading