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Well-Educated Workers = High-Wage
Economy
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We have long known that a high-quality
education is vital to helping children reach their full potential. A new paper from MassBudget and EPI documents the strong connection
between a well-educated workforce and a prosperous state economy.
A Well-Educated Workforce is Key to State
Prosperity finds that states with better-educated workers have economies
that create higher-paying jobs. In fact, in those states with the best-educated
workers median wages are roughly 30% higher than in states with less-educated
workers. Since 1979, the share of Massachusetts workers with a bachelor's degree
or higher has more than doubled, and over those same years state-wide wages have
increased significantly.
Looking at other ways states have tried to
strengthen their economies, A Well-Educated Workforce is Key to State
Prosperity also finds that lowering tax rates does not seem to help states
generate high-wage jobs. There is essentially no correlation between the overall
level of taxation in a state and its average wages.
As part of our ongoing effort to reach new
audiences, we would like to encourage you to share our Facebook post with friends
and retweet messages from our Twitter
feed.
A Well-Educated Workforce is Key to State
Prosperity is co-authored by Noah Berger, president of the Massachusetts
Budget and Policy Center, and Peter Fisher, research director at the Iowa Policy
Project.
Visit
the EPI BLOG for a summary of findings
View
coverage of the paper in the Washington Post's GOVBEAT
BLOG
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| The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts. |
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