We all know the much touted financial benefits of college even though today the debt can be crippling. If you’re listening to this show you’re also probably painfully aware of the loss of the American manufacturing economy. But what work is our economy built on today?
Anthony Carnevale, the director of the Center for Education and the Workforce at Georgetown University is the lead researcher on the recent study “The Economy Goes to College: The Hidden Promise of Higher Education in the Post-Industrial Service Economy.” He has served as an education adviser to both Republican and Democratic Administrations. Dr. Carnevale was the founder and President of the Institute for Workplace Learning (IWL) between 1983 and 1993. The IWL worked directly with consortia of private companies to develop high performance work systems and to develop more effective work and training systems. Prior to founding IWL, Dr. Carnevale also served as Director of Political and Government Affairs for the American Federation of State, County and Municipal Employees (AFSCME), the largest union in the AFL- CIO.
Dr. Carnevale addresses, among other topics, how economic inequality figures into what we study. Carneavale admits college might not be the best financial strategy for everyone in the emerging economy, however the value of a college education should not only be measured by what one will earn, but – more important – how one will live their lives.