The Worsening Shortage of College-Graduate Workers

Other Titles
Abstract

The Bureau of Labor Statistics (BLS) projections of occupational employment growth have consistently underpredicted the growth of skilled occupations. BLS currently projects that professional, technical, and managerial jobs will account for 44.5% of employment growth between 1988 and 2000, while we project they will account for 70% of employment growth. Between March 1988 and March 1991 these occupations, in fact, accounted for 87% of employment growth. The BLS's projections of the supply/demand balance for college graduates have also been off the mark-predicting a surplus for the 1980s when, in fact, a shortage developed, and relative wage ratios for college graduates rose to all-time highs. We project that the supply of college educated workers will grow more slowly during the 1990s and that there will be a continuing escalation of wage premiums for college graduates.

Journal / Series
Volume & Issue
Description
Sponsorship
Date Issued
1991-09-01
Publisher
Keywords
ILR; center; human resource; studies; advance; employee; compensation; knowledge; economic; labor market; employer; skill; compensate; economy; BLS; occupation; wage; college graduate
Location
Effective Date
Expiration Date
Sector
Employer
Union
Union Local
NAICS
Number of Workers
Committee Chair
Committee Co-Chair
Committee Member
Degree Discipline
Degree Name
Degree Level
Related Version
Related DOI
Related To
Related Part
Based on Related Item
Has Other Format(s)
Part of Related Item
Related To
Related Publication(s)
Link(s) to Related Publication(s)
References
Link(s) to Reference(s)
Previously Published As
Government Document
ISBN
ISMN
ISSN
Other Identifiers
Rights
Required Publisher Statement: This work may be downloaded only. It may not be copied or used for any purpose other than scholarship. If you wish to make copies or use it for a non-scholarly purpose, please contact AERA directly.
Rights URI
Types
article
Accessibility Feature
Accessibility Hazard
Accessibility Summary
Link(s) to Catalog Record