by Gabriel Sanchez-Zinny, Huffington Post
Higher education is becoming a must to succeed in the 21st century labor market. Research has shown that not only do individuals with higher degrees – from community colleges, technical training programs, or traditional universities – make hundreds of thousands more in salary over their working lives, but also enjoy greater social mobility, longer life expectancy, and myriad other benefits. But despite this clear consensus, extended education is still scarce in emerging economies like those of Latin America. And in more developed countries the costs – and associated debt – are skyrocketing. As a new paper from a group of researchers led by Harvard’s Claudia Goldin and Lawrence Katz argues, “The earnings premium associated with additional education in the United States has risen markedly since 1980, suggesting that the supply of education labor has not kept pace with demand.”
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