Success in the New Economy:

Transcription

1 Success in the New Economy: How all Students can gain a Competitive Advantage Kevin Fleming PhD April 29, 2014

2 education counts

3 USA Median Annual Earnings by Education Professional Degree $100,000 Doctoral Degree $79,400 Education Level Master's Degree Bachelor's Degree Associates Degree Some College, No Degree High School Graduate $31,500 $37,100 $50,900 $61,300 $200,000 $40,600 in debt Earning $36,000/year Not a High School Graduate $23,400 $0 $20,000 $40,000 $60,000 $80,000 $100,000 Earnings

4 education counts (but skills count more)

5 The Fate of 20 Ninth Graders (Nationally) 6 drop out (30%) 6 graduate & go to work (30%) 8 Enroll in college (40%) 4 Drop out (20%) 4 Graduate in five years (20%) 2 Take gray collar jobs, nationally (10%) 2 Win the one-way-to-win game (10%)

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7 South Dakota: by the numbers (S.D. Department of Education, State Profile) 1.9% drop out annually (9-12 th grade) Appr. 7.4% of all students dropout during high school

8 South Dakota: by the numbers (S.D. Department of Education, State Profile) 1.9% drop out annually (9-12 th grade) Appr. 7.4% of all students dropout during high school Among the 92.6% that become seniors, 88.4% of them graduated high school. 11.6% didn t. Thus, 81.8% of 9 th graders graduate from high school. (U.S. Dept. of Education, Four-Year Cohort Graduation Rate: 83%)

9 South Dakota: by the numbers (NCES Tables and Figures) Number of graduates from all high schools: 8,680 Number of first-time freshmen graduating from high school in the previous 12 months, enrolled in institutions, In any state: 6,232 In state: 4,774 Estimated rate of high school graduates going to college, In any state: 71.8% In state: 55.0%

10 South Dakota: by the numbers (S.D. Department of Education, State Profile) 100% 9 th graders - 7.4% dropouts % non-graduating seniors - 45% not college/university bound (in state) 45.02% of 9 th graders directly enroll in SD higher education 100% 9 th graders - 7.4% dropouts % non-graduating seniors % not college/univ bound (71.8% national postsecondary enrollment) 58.77% of 9 th graders eventually enroll in any college, anywhere

11 South Dakota: by the numbers (S.D. Department of Education, State Profile) 100% 9 th graders - 7.4% dropouts % non-graduating seniors - 45% not college/university bound (in state) 45.02% of 9 th graders directly enroll in SD higher education According to NCES, the Four-Year graduation rate in South Dakota is 48% (graduation within six years of entrance)

12 41% of South Dakota 9 th graders Don t play the One-Way-to-Win game Do not immediately enroll in higher education

13 Five The Three Rs Reading Writing Arithmetic Relevance Reality

14 Most Jobs in the Workplace are Middle Skilled: (e.g. the Health Care Industry) Ratio: 1 to 2 to 7

15 By 2018, most jobs will not require a BA Source: March CPS data, various years; Center on Education and the Workforce forecast of educational demand to 2018, as reported in Pathways to Prosperity (Harvard, February, 2011)

16 2018 Labor Demand vs Current Reality in SD 24% 43% 33% Source: March CPS data, various years; Center on Education and the Workforce forecast of educational demand to 2018, as reported in Pathways to Prosperity (Harvard, February, 2011) South Dakota Percentage Distribution of the working-age population by Educational attainment, Fogg & Harrington, Growth & change in South Dakota Labor Markets. Drexel University. February 2014.

17 The society which scorns excellence in plumbing because plumbing is a humble activity and tolerates shoddiness in philosophy because it is an exalted activity will have neither good plumbing nor good philosophy. Neither its pipes nor its theories will hold water - John Gardner, 1961

18 Median, 25th Percentile, and 75th Percentile Earnings of Full-Time Year-Round Workers Ages 25 and Older, by Gender and Education Level, 2011 AA/AS recipients $26,900 - $71,900 BA/BS recipients $35,100 - $100,000 Sources: The College Board, Education Pays 2013, Figure 1.5; U.S. Census Bureau, 2012, Table PINC-03; U.S. Census Bureau, 2012a; calculations by the authors

19 The fact is that large numbers of CA college graduates leave school as unsure of what they will do when they grow up (except perhaps continue to go to school) as they were when they started. CA Postsecondary Education Commission

20 Meet Mike! BA Film Production (LMU) Music Video Production Company Bartender Real Estate Agent Forklift Operator FIDM fashion school Fabric buyer for BCBG Raw materials manager for American Apparel Two website start-ups Financial Planner Women s casual wear clothing line Screen writing Photographer

21 30% of associate degree holders have higher annual earnings as 4-yr grads

22 83% of associate degree holders have the same or higher annual earnings as 4-yr grads

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25 Determine the Goal HS graduation? College? College and graduation? College, graduation and commensurate employment?

26 CTE is to some teens what AP & Honors is to others

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29 Thank You! Kevin Fleming