A Quote by Bill Gates
Unemployment rates among Americans who never went to college are about double that of those who have a postsecondary education.
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Church attendance rates among white Americans without a college education have dropped pretty significantly. People with college degrees are more likely to go to church than people without college degrees among the white working class.
Since 1994, unemployment rates are lower. Median household income is higher. A greater percentage of Americans are graduating from college. Home ownership rates are higher. And the violent crime rate has decreased.
Let's say hypothetically, knowing what we know now about public policy, that we could close the education gap so that it was only a couple percentage points, and we could make sure that hiring barriers and educational barriers had been leveled down, and unemployment among African Americans right now instead of being double was only 10 percent higher than white unemployment - if we got to that point , America as a whole would be a lot richer.
What's true for New York is true for most of the country: We are a long way removed from the double-digit interest rates and unemployment rates, and the soaring crime rates, of the early 1980s.
If the goal is to dramatically improve college completion rates, not college-going rates by itself but college completion, it's not just a college problem. We need a big focus on early childhood education. Our early childhood education system is pretty good in this country. Not enough students have opportunity. And, very discouragingly, they lose their advantage because they go to poor schools after that. So, let's focus on our babies.
The black unemployment rate has to be twice that of the white rate in the US. If the national unemployment rate were 6.8 percent, everyone would be freaking out. We ought to not take too much solace in the 6.8 percent, but ask ourselves what can we do to bring that down to white rates, which are below 4 percent now. Some of that has to do with education, but that's just part of the story. You find that those unemployment differentials persist across every education level. I think it means pushing back on discrimination and helping people who can't find work get into the job market.
Typically, during recessionary times, particular groups suffer higher rates of unemployment -African Americans, and Latinos, and in some cases other minority groups. If you don't have a high level of training or education you're going to fall into that category.
Despite the evidence that we already have too many students in higher education, the hot new idea among the political class is to double down by pushing for 'free college tuition.' The problem with the 'free college' idea is, however, not merely financial. It also reinforces the myth that college is appropriate or even possible for all students.
Imagine if you had genuine, high-quality early-childhood education for every child, and suddenly every black child in America - but also every poor white child or Latino [child], but just stick with every black child in America - is getting a really good education. And they're graduating from high school at the same rates that whites are, and they are going to college at the same rates that whites are, and they are able to afford college at the same rates because the government has universal programs. So now they're all graduating.
Education is the key to the future: You've heard it a million times, and it's not wrong. Educated people have higher wages and lower unemployment rates, and better-educated countries grow faster and innovate more than other countries. But going to college is not enough. You also have to study the right subjects.
The Keynesian prescription for unemployment rests on the persistence of a 'money illusion' among workers, i.e., on the belief that while, through unions and government, they will keep money wage rates from falling, they will also accept a fall in real wage rates via higher prices.
In community after community, there are unemployment rates among young African-Americans of 30 to 40 percent. Thirty to 40 percent! Kids have no jobs, they have no future. That is an issue that has got to be dealt with simultaneously as we deal with police brutality, voter suppression and the other attacks that are taking place on the African-American community.
We need a candidate who's going to be a fighter for freedom. Who is going to get up and make that the central theme in this race because it is the central theme in this race. I don't care what the unemployment rate's going to be. Doesn't matter to me. My campaign doesn't hinge on unemployment rates and growth rates.
By 2018, an estimated 63 percent of all new U.S. jobs will require workers with an education beyond high school. For our young people to get those jobs, they first need to graduate from high school ready to start a postsecondary education.
Yes, college tuition is a problem for many young Americans, but it is a problem exacerbated by government subsidies and an overwhelming demand to get a college degree, despite high dropout rates.
Since 1957, black people have experienced double-digit unemployment - in good times and bad times. Look at the population of African Americans in prison. They represent more than half the population of prisoners in the country, 55 percent of those on death row.
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