A Policy Agenda to Develop Human Capital for the Modern Economy
16 Part I: Developing Human Capital for the Modern, Global Economy A Policy Agenda to Develop Human Capital for the Modern Economy AUTHORS Austan Goolsbee, Booth School of Business, The University of Chicago Glenn Hubbard, Columbia Business School, Columbia University Amy Ganz, Aspen Economic Strategy Group Melissa S. Kearney, The University of Maryland WORKING GROUP MEMBERS Sylvia M. Burwell, American University Mitchell E. Daniels, Jr., Purdue University Ruth Porat, Google Penny Pritzker, PSP Partners Margaret Spellings, The University of North Carolina System ACKNOWLEDGEMENTS We are grateful to the members of our working group: Sylvia M. Burwell, Mitch Daniels, Ruth Porat, Penny Pritzker, and Margaret Spellings. We are also grateful to the following individuals who provided helpful insights into our working group: Juan Salgado, Courtney Brown, Josh Wyner, Leslie Miller. The authors Joshua Goodman, Ann Huff Stevens, and Robert Lerman contributed background research and policy proposals that served as valuable inputs into our working group’s discussions. We are also grateful to John Soriano for excellent research assistance. The views expressed herein are those of the authors and do not necessarily represent the views of the working group members. A Policy Agenda to Develop Human Capital for the Modern Economy 17 ABSTRACT Globalization and technological innovation have intensified the demand for college- educated workers. In 2017, college graduates earned 65% more than non-college- educated workers and were twice as likely to be employed. This proposal recognizes the simultaneous need for more college educated workers and also for a higher level of labor market skill among non-college educated individuals. We propose to invest in the upskilling of the American workplace by better leveraging the potential of the community college sector.
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