Trade schools could solve the US income gap, researchers say
Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say, according to a story on MSNBC.com.
Researchers at the University of Southern California and New Zealand’s Victoria University of Wellington are investigating how the United States can become more competitive in the manufacturing industry in the age of artificial intelligence.
Some of their conclusions suggest that more investment is needed in vocational programs and not in large, four-year universities.
The researchers compared the U.S.’ education alternatives to Germany’s and found:
Manufacturing employment has fallen in both countries, yet in Germany, manufacturing’s value added has stayed around 22 percent in the last 20 years.
Of note: The share of workers with upper secondary education in Germany exceeds that of the U.S. by about 15 percent. However, the share of workers with post-high school education in the United States exceeds that of Germany by about 17 percent.
Germany’s education system, the researchers said, better fits the needs of modern manufacturing, which requires more upper-secondary and vocationally trained labor.
In the U.S., on the other hand, “there are too many four-year colleges serving too many students, and too few institutions with greater focus on vocational education and training,” Aizenman said.
“Chances are that better vocational education access and its quality in the U.S. would increase the income of the workers that are in manufacturing, and probably would reduce the overall income inequality in the US,” he added.
The whole story is available at “Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say”