The United States lost in hundreds of billions of dollars each year due to racial and socio-economic inequities in the achievement of higher education, according to a new report from the center of Georgetown University in Education and Labor Force.
The report, made in partnership with the postsecondary value commission, an initiative of the Bill and Melinda Gates Foundation and administered by the Institute of Higher Education Policy, found that it would take $ 3.97 billion to close racial and socioeconomic gaps in The completion of university degrees in the country. But after that initial investment, the United States would obtain $ 956 billion per year increasing tax revenues and GDP and cost savings in social assistance programs. (Within the Superior Ed received financial support from the Bill and Melinda Gates Foundation for the coverage of the Foundation's report on the value of higher education. Within the Superior Ed maintains editorial Independence and total control over the content.) P>
"We really shape the case in this report that an investment in equity would be a really good investment that pays society in general," said CoAutor Kathryn Peltier Campbell, main editor and writer of Georgetown CEW, Who contributed a piece of opinion. About the subject to the interior of ED superior today. p>
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Among Americans with profits at 60 percent higher, 57 percent have an associate or higher degree, compared to only 28 percent of income. In the background of 40 percent, the report says. Only 21 percent of Latino adults and 31 percent of black adults have a postsecondary degree, compared to 46 percent of white adults. P>
The report examines what could occur if 40 percent of revenue revenues had university degrees at the same rate as 60 percent higher and if higher education achievement rates were the Same through racial groups. According to the analysis, over the middle of the population, 58 percent, it would have a postsecondary title in this scenario, including 12.9 million additional low-income white Americans, 10.2 million Americans in Latino, 5.9 million Black Americans and 498,000 Asians. P>
As a result, the United States charges $ 308 billion more in tax revenues per year, the report suggested. People who win more would spend more and provide an estimated annual impulse of $ 542 billion to the country's GDP. The authors also argue that, in addition to better salaries, higher education correlates with lower incarceration rates and better health outcomes, leading to less annual expense in the criminal justice system (- $ 13.8 billion), Public health benefits (- $ 58.7 billion) and public assistance programs, such as food coupons (- $ 33.7 billion). p>
Artem Gulish, co-author of the Senior Policy Report and strategist at Georgetown CEW, said he recognizes that the figures in the report are controversial because numbers rest in a set of assumptions about what higher education can achieve. The report also assumes that there will be sufficient demand in the labor market for an increase in university graduates. P>
"is a thought experiment," Gulish said. "It's not about the precise numbers, it's more about the message that our country is losing substantial benefits due to perpetuated inequalities we have in higher education and K-12 and in the labor market". He called the "optimistic" report and said he was meant to be "inspiring". p>
The report recognizes that higher education can only solve both. For example, higher grade rates can not rectify other challenges to more equitable salaries, such as discriminatory payment gaps. This was a key to carrying the report, said Stella Flores, an associate professor.
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