If used wisely, generative AI could lessen skills shortages by allowing workers to complete some tasks more efficiently. bit.ly/4oHclst

“The prosperity and growth rate of the US economy is at stake. On the human side, if we don’t act, we’re missing an opportunity to uplift people who have historically lacked economic and social mobility.”—CEW's Jeff Strohl. Read more: McCourt School mccourt.georgetown.edu/news/us-skills…

Even after decades of reform, the American education system has a growing problem with racial and economic injustice. More White (46%) and Asian (64%) adults have an associate’s degree or higher, compared to 21% of Latino adults and 31% of Black adults. bit.ly/3vvrroz

In the face of a potential crisis fueled by the skills shortage, action across the government, businesses, education and training providers, and workers themselves will be necessary to maintain American competitiveness and economic might. bit.ly/4oHclst

As Hispanic Heritage Month comes to a close, let's remember that celebrating Hispanic culture and influence should be a daily commitment!

We project a shortage of 226,000 accountants and auditors through 2032. Accounting jobs are plentiful, but they are going unfilled because of an aging labor force and the qualifications required for the job. bit.ly/4oHclst

As recent college graduates face an increasingly challenging job market, our new report shows how influential the choice of bachelor’s degree major can be in determining graduates’ earnings potential and employment prospects. bit.ly/4grhO2Y

Prime-age workers with a bachelor’s degree earn 70% more at the median than workers with only a high school diploma. Yet we find that earnings vary significantly by major, from $58K in education and public service fields to $98K in STEM fields. bit.ly/4grhO2Y

Is a #degree worth it? #workers with a 𝗯𝗮𝗰𝗵𝗲𝗹𝗼𝗿’𝘀 𝗱𝗲𝗴𝗿𝗲𝗲 𝗲𝗮𝗿𝗻 𝟳𝟬 𝗽𝗲𝗿𝗰𝗲𝗻𝘁 𝗺𝗼𝗿𝗲, per Georgetown CEW 👉 Report: cew.georgetown.edu/cew-reports/ma… 📢 News Release: cew.georgetown.edu/wp-content/upl… 💡🎓 #HigherEdBuildsAmerica #college #AICUP #ROI #University #HigherEd

Our new report, “The Major Payoff,” provides insight into key outcomes—including median earnings, the graduate degree earnings premium, and unemployment rates—associated with 100+ majors for prime-age workers and recent college graduates. bit.ly/4grhO2Y

Early-career earnings are not always indicative of how much graduates might expect to earn, but they can be meaningful, in some cases setting the tone for the rest of graduates’ careers and affecting their lifelong earnings potential. bit.ly/4grhO2Y

“While STEM is the highest-paying field of study overall, some STEM majors actually lead to lower median earnings than some humanities majors once graduates are established in the workforce.” — CEW’s Catherine Morris, lead author of our new report. bit.ly/4grhO2Y

Students pursue graduate degrees for more reasons than higher earnings. In some professions—such as teaching and some medical professions—workers may need a graduate degree to advance in their careers. bit.ly/4grhO2Y

How does your major stack up? Our interactive data tool shows median earnings, grad school earnings premiums, and unemployment rates for 152 bachelor's degree majors. bit.ly/4grhO2Y

“Choosing a major has long been one of the most consequential decisions that college students make. This is particularly true now, when recent college grads are facing a rocky labor market. Students need to weigh options carefully,” said Catherine Morris. bit.ly/4grhO2Y

Within 65 STEM majors, median earnings range from $64,000 for workers with a bachelor’s degree in miscellaneous agriculture to $146,000 for workers with a bachelor’s degree in petroleum engineering. bit.ly/4grhO2Y

Despite current discourse, college degrees are valuable for individuals and the economy. By 2031, nearly three-quarters of US jobs will require some education beyond high school, and over 60% of “good jobs” will need a bachelor’s degree or higher. Forbes forbes.com/sites/charlesl…

“The number of students graduating with degrees in computers, statistics, and mathematics ballooned by 159% between 2009 and 2023, but unemployment rates for recent college grads with degrees in these fields is now 6.8%—the highest within STEM.”—Ban Cheah. bit.ly/4grhO2Y

A grad degree boosts bachelor’s degree earnings by 29% at the median—but not for every major. For some majors, a grad degree can more than double earnings, but for others, barely move the needle at all. bit.ly/4grhO2Y

In 2022, 28% of early-career workers with a bachelor’s degree majored in STEM, up from 19% in 2010. Meanwhile, the share of early-career workers with a bachelor’s degree in humanities and the arts fell from 13% to 9%. bit.ly/4grhO2Y