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Study: Shortage of Workers With Degree Will Cost the U.S. Economy $1.2 Trillion Over the Next Decade

A new study estimates that, over the next decade, employers in nearly every state will face significant shortages both of workers with an associate degree or some college (nearly 800,000 workers) and of workers with a bachelor’s degree or higher (over 8.5 million workers), leading to nearly $1.2 trillion in lost economic output.  The labor shortage is likely driven in part by demographic shifts, but new findings indicate that current levels of educational attainment are insufficient, and policymakers can address these shortfalls by encouraging higher levels of education and skills development.

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