A fascinating study was published on the FreeEnterprise.com web site.
Anthony Carnevale and his team at Georgetown University’s Center on Education and Workforce have released a report that analyzes labor market trends for both younger and older adults. Failure to Launch: Structural Shift and the New Lost Generation outlines how the modern economy has negatively impacted young people in the United States and why the country needs to upgrade the education and workforce training systems to align with the 21st century knowledge economy.
Findings from the report include:
- The labor force participation rate for 20–24 year olds is at its lowest level since 1972.
- Young men (18–29) in blue-collar jobs have declined from 54% to 36% in the last 30 years.