Context for Understanding the Risk in the Pursuit of Post-Secondary - - PowerPoint PPT Presentation

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Jul 12, 2023 294 likes •446 views

Context for Understanding the Risk in the Pursuit of Post-Secondary Education William E. Spriggs Chief Economist to the AFL-CIO and, Professor, Department of Economics Howard University No Board endorsement of any person or entity Blacks

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Context for Understanding the Risk in the Pursuit of Post-Secondary Education

William E. Spriggs Chief Economist to the AFL-CIO and, Professor, Department of Economics Howard University

No Board endorsement of any person or entity

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Blacks with more education suffer unemployment rates comparable to whites with less education

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After prolonged improvement in labor tightness, Black college graduates can sustain unemployment rates of whites with associates degrees

At last labor market peak in 2007, the Black college unemployment rate and the white associates degree rate were equal

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Higher Education leads to lower unemployment rates

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% Less than a high school diploma High school graduates, no college(1) Some college or associate degree Bachelor's degree and higher(2)

Black Unemployment Rates and Labor Force Shares by Education

Unemployment Rate Share of Labor Force

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Earnings gaps are large by race and gender

10,000 20,000 30,000 40,000 50,000 60,000 70,000

White Non-Hispanic Males Black Males White Non-Hispanic Females Black Females

Median Earnings by Educational Attainment, 25 Years and Older

Less than 9th Grade High School Grad Associate's Degree Bachelor's Degree

Source: http://www.census.gov/hhes/www/cpstables/032015/perinc/pinc03_000.htm

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And, the income gap is growing at every level

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Percent of 2014 High School Grads Enrolled In college in October 2014

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0%

White Black Asian Latino

Source: http://www.bls.gov/news.release/pdf/hsgec.pdf

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Black students got the memo

Source: Black, Cortes and Lincove, Apply Yourself: Racial and Ethnic Differences in College Application NBER Working Paper 21368 (July 2015)

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Relative to white students, with similar high school backgrounds, Black students in Texas are almost 14% more likely to apply to a four year college

0.1
0.05

0.05 0.1 0.15

Black Hispanic Asian

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Almost 60% of Black College students have zero expected family contribution aid levels

10 20 30 40 50 60 70 White Black or African American Hispanic or Latino Asian American Indian or Alaska Native Native Hawaiian /

ther Pacific

Islander Other

Zero Expected Family Contribution

Source: U.S. Department of Education, National Center for Education Statistics, 2011-12 National Postsecondary Student Aid Study (NPSAS:12).

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Howard University—”Non Completers”

Diane Nash leader of Nashville Sit-ins and Organizer of Freedom Rides

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Ta-Nehisi Coates—MacArthur Award Recipient winner National Book Award

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Ossie Davis—Award winning actor and playwright

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Sean Combs—Record Mogul and Brand manager

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Michael Twitty—Noted Food Historian

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