Lauren Weber

speaker

740 appearances 12 recordings 1 series first heard Jul 2017 last heard Dec 2024

Lauren Weber’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Millions of Good Jobs Exist for Non-College Grads · 27 Jul 2017 podcast

Well, there are still 30 million jobs that they found. voice-verified

This was in 2015, which is actually a little bit more than about 25 years ago when they found 27 million of these jobs. voice-verified

The problem is the labor market has grown a lot faster than the number of those jobs. voice-verified

So even though there are more of them today than 25 years ago, there are fewer of them relative to the size of the workforce. voice-verified

Right, which means there's basically one good job for every two and a half workers who falls into that bucket. voice-verified

These are workers, yeah. voice-verified

And so that means about 45 million people. voice-verified

The 30 million good jobs for 75 million people, 45 million are probably in low-paying jobs or in part-time jobs where they can't get enough hours to reach that 35,000 minimum. voice-verified

That's true. voice-verified

So in 1991, 60% of the good jobs in America did not require a college degree. voice-verified

Today it's 45%. voice-verified

So today if you don't have a college degree, you basically have like a 40% chance of getting a decent paying job. voice-verified

Whereas if you have a college degree, you now have an 82% chance of getting a decent paying job. voice-verified

So you can understand why parents today really want their kids to go to college and get that four-year degree. voice-verified

Now, the good news piece of this is that people do, I think, sometimes in the popular imagination think that there are no more of these jobs. voice-verified

There are. voice-verified

They're changing, though. voice-verified

So you mentioned things like financial services and information technology. voice-verified

Well, a lot of the jobs in those industries don't actually require a college degree. voice-verified

So you can get a voice-verified

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