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T HE G REAT R ECESSION, THE G REAT D IVERGENCE, S KILLS AND I NNOVATION Laura Dresser October 16, 2013 COWS.ORG.

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Presentation on theme: "T HE G REAT R ECESSION, THE G REAT D IVERGENCE, S KILLS AND I NNOVATION Laura Dresser October 16, 2013 COWS.ORG."— Presentation transcript:

1 T HE G REAT R ECESSION, THE G REAT D IVERGENCE, S KILLS AND I NNOVATION Laura Dresser October 16, 2013 COWS.ORG

2 Nobel Wisdom The world has reacted mostly with disbelief that a superpower could fall into such dysfunction. Robert Shiller: ‘When I look around I see a lot of foolishness, and I can’t believe it’s not important economically’

3 Fiscal Cliff The unthinkable approaches

4 Great Recession

5 The Worst Recession: Jobs

6 Lost Decade

7 Depressing Break from Past

8 Great Divergence

9 Growth Now Lifts Yachts

10 Fiscal Cliff The unthinkable approaches

11 Low Wage Grind

12 Common Jobs, Hard Lives Poverty wage work increasing in this recovery Low wage sectors offer low wages, volatile hours, weak benefits Very hard to transition to better jobs

13 Highest education levelMedian Hourly Wage Less than HS degree$10.35 HS degree$14.60 Some College, no degree$13.49 Associates Degree, occupational $17.90 Associates Degree, academic$17.79 Bachelors or more$22.91 Education Pays (WI, 2011)

14 Better Skills and Wages: Who Needs Stronger Pathways? COWS and CLASP (find your state on line) U.S. Total: 37.4% of workers earn less than national median and have little English and education short of college degree. In Texas alone: 4,124,447 workers Education is increasingly the gateway to family- sustaining employment and these data show who can gain from that education.

15 What Stands in the Way of Getting that Education? Life/family Low wages/work stress Low basic skill levels Negative experiences in the past with education system

16 Bridges and Pathways

17 What to do? Build stronger connections from adult basic education systems into technical training. Rethink and refine assessment systems – remember lines are blurry here. Streamline remediation and think hard the negative impact required remediation series. Integrate developmental and college level learning. Provide academic support to students on both sides of “cut scores”

18 Fiscal Cliff ARGH!!!!

19 COWS Equity, Sustainability, Democracy and lots of data and ideas newletter, like, tweet


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