The Cost of Economic and Racial Injustice In Postsecondary Education
Carnevale, Anthony P.
Peltier Campbell, Kathryn
Fasules, Megan L.
Quinn, Michael C.
Sablan, Jenna R.
In partnership with the Postsecondary Value Commission, we conducted a thought experiment on the costs of inequality in the US education system. Our simulation found that the US economy misses out on $956 billion dollars per year, along with numerous nonmonetary benefits, as a result of postsecondary attainment gaps by economic status and race/ethnicity. The Cost of Economic and Racial Injustice in Postsecondary Education finds that closing these gaps would require an initial public investment of at least $3.97 trillion , but the benefits would outweigh the costs over time. Equalizing educational attainment without increasing student debt for low-income adults could also boost GDP by a total of $764 billion annually.
Georgetown University Center on Education and the Workforce
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The Unequal Race for Good Jobs: How Whites Made Outsized Gains in Education and Good Jobs Compared to Blacks and Latinos Carnevale, Anthony; Strohl, Jeff; Gulish, Artem; Van Der Werf, Martin; Peltier Campbell, Kathryn (Georgetown University Center on Education and the Workforce, 2019)The American job machine has performed well over the past 25 years. Between 1991 and 2016, employment among White, Black, and Latino workers grew by 20 percent, while employment in good jobs soared by 35 percent. Yet the ...