America The Uneducated

How did the U.S. become the world’s largest economy? A key part of the answer is education. Some 85% of adult Americans have at least a high school degree today, up from just 25% in 1940. Similarly, 28% have a college degree, a fivefold gain over this period. Today’s U.S. workforce is the most educated in the world.

But now, for the first time ever, America’s educational gains are poised to stall because of growing demographic trends. If these trends continue, the share of the U.S. workforce with high school and college degrees may not only fail to keep rising over the next 15 years but could actually decline slightly, warns a report released on Nov. 9 by the National Center for Public Policy & Higher Education, a nonprofit group based in San Jose, Calif. The key reason: As highly educated baby boomers retire, they’ll be replaced by mounting numbers of young Hispanics and African Americans, who are far less likely to earn degrees.

Because workers with fewer years of education earn so much less, U.S. living standards could take a dive unless something is done, the report argues. It calculates that lower educational levels could slice inflation-adjusted per capita incomes in the U.S. by 2% by 2020. They surged over 40% from 1980 to 2000.

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The prospects for U.S. education levels are a lot like global warming. Since erosion occurs gradually, it’s easy to ignore. But if the U.S. doesn’t pay more attention, everything from its competitiveness to its standard of living could sink.

By William C. Symonds

Full Story: http://news.yahoo.com/s/bw/20051115/bs_bw/b3960108

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(Many thanks to Bill Sellers for this article. Russ)