Higher Education and the Economy, Higher education generally involves work towards a degree-level or foundation degree qualification. In most developed countries a high proportion of the population (up to 50%) now enter higher education at some time in their lives. Higher education is therefore very important to national economies, both as a significant industry in its own right, and as a source of trained and educated personnel for the rest of the economy.
Educational Attainment and the Work Force, Educational attainment is one of the defining characteristics of a workforce. We tend to have highly skilled and highly educated workers. Educational attainment is important not only to individuals, but also to the communities they inhabit. In the current economic environment, the variation in unemployment by educational attainment is particularly striking.
Because we all know that the educational characteristics of the workforce play an important role in the dynamics of an economy. A well-educated work force is likely to be more productive, and highly skilled workers tend to have much lower unemployment rates in economic downturns.
Higher Education and the Economy, Higher education generally involves work towards a degree-level or foundation degree qualification. In most developed countries a high proportion of the population (up to 50%) now enter higher education at some time in their lives. Higher education is therefore very important to national economies, both as a significant industry in its own right, and as a source of trained and educated personnel for the rest of the economy.
Educational Attainment and the Work Force, Educational attainment is one of the defining characteristics of a workforce. We tend to have highly skilled and highly educated workers. Educational attainment is important not only to individuals, but also to the communities they inhabit. In the current economic environment, the variation in unemployment by educational attainment is particularly striking.
Because we all know that the educational characteristics of the workforce play an important role in the dynamics of an economy. A well-educated work force is likely to be more productive, and highly skilled workers tend to have much lower unemployment rates in economic downturns.
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