Jul 02, 2016 04:27 AM EDT
College Education has a massive impact in finding a job in the US. The division between "college haves" and "college have-nots" has a greater rule in labor force. As the US recovery planks into its eighth year, Americans with at least some College Education did especially well in the labor market. Whereas, the less-schooled have found a much uninviting place.
The that among the 11.6 million new jobs added since the recovery started in 2010, about 99 percent of which were filled by people having at least some college education or a bachelor's degree and better. Meanwhile, only 80,000 spots were given to Americans with a high school diploma or less, Georgetown University's Center on Education and the Workforce Study showed.
Tamara Jayasundera, one of the report's authors, said increased educated population is not the only factor but on how the labor market has changed and changing. By which, the labor market demands for a more skilled workforce, Bloomberg reported.
The impact of acquiring a College Education has a disparity pointing to a longer-term alteration in occupational patterns. Most industries have increasingly required higher-skilled workers. For example, the manufacturing sector's job majority regained went to workers having more than a high school diploma under their belts. The industry of technological developments and automation have already eliminated clerical and administrative roles along with hands-on jobs in construction sector. These areas posed somewhat the weakest job recoveries.
The massive outcome of Americans with College Education is also a lead player to the stark differences in labor-market results. Thus, the divide between the "college haves" and "college have-nots" impacts the socioeconomic makeup of America. At one time, men and women without a College Education were able to embark themselves to mid-level jobs with benefits and enter a middle-class lifestyle for their families, Bloomberg added. Now, those opportunities are harder to come upon.
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