Posts Tagged: Andrew M. Sum

College Labor Shortages in 2018? Part Deux

    “About every two years someone comes up with this story. There is absolutely nothing to it—it's simply not true,” Peter Capelli, Professor, Wharton School, University of Pennsylvania, commenting on the Georgetown's college labor supply shortage forecast.—“Prediction of Worker Shortage Has Critics,” The Press-Enterprise (Riverside, Calif.), Ap...

The Real Education Crisis: Are 35% of all College Degrees in New England Unnecessary?

The notion of the "college labor market" as a fixed set of occupations is remarkably static. In contrast, we assume that job and skill requirements are dynamic.(This lively debate over future demand of college-educated workers will continue in our Forum.)Northeastern University economists Paul E. Harrington and Andrew M. Sum argue that in our recent report Help Wanted, we “radically overst...

College Labor Shortages in 2018?

 The Georgetown Center on Education and the Workforce has engaged in a highly publicized campaign claiming that the nation will face a very substantial deficit of college graduates by 2018 if the American postsecondary system fails to rapidly expand the number of college degrees it awards each year. Indeed, the employment projections developed by Anthony Carnevale and his colleagues at George...

More than 2 Million Job Vacancies Forecast for NE by 2018 … But Do Our Workers Have What it Takes to Fill Them?

The New England states, like the rest of the nation, are finally starting to show signs of a recovery from the Great Recession of 2008, albeit at different paces. Three of the states, however, still have unemployment rates that are about four percentage points above where they were before the recession began in 2007 (Rhode Island, Massachusetts and Connecticut). The smaller increases in unemploym...