Expect More Jobs, Education, and Opportunity

When we talk about the future of work, we often look at the number of jobs likely to be created in aggregate, with special attention paid to entry level jobs for recent college graduates. The pipeline of labor and the strength of our economy are dependent on people believing that education has a great return on investment and that the investment increases the economic mobility of each generation—parents encourage their kids to go to college because they want them to do as well or better than they have.

And there’s plenty of evidence to support that belief: the economic trajectory of people with a postsecondary degree is far more secure than those who were not able to pursue education after high school:

  • Median earnings for bachelor’s degree recipients working full time is $21,000- $56,000 more than the median earnings for high school graduates
  • Over 10 percent of high school graduates age 25 and older live in a household that relies on SNAP (Supplemental Nutritional Assistance Program) benefits, compared to 2 percent for those with at least a bachelor’s degree
  • According to the Pew Charitable Trusts, only 10 percent of children born in the lowest quintile of the income distribution who get a four-year college degree remain in that quintile as adults, compared to 47 percent of those without a four-year degree

But in much of the South, too few jobs require a postsecondary education and allow for economic security. Arkansas, for example, added 40,000 jobs between 2010 and 2013 and the state is forecast to add 546,000 jobs by the end of 2023. Nearly 70 percent of current jobs are low-skill and only 30 percent of jobs require a postsecondary credential for entry-level employment. Low-skill jobs are also conflated with lower wages, producing a workforce that is unable to move up the economic ladder and generate significant economic growth through their consumption, investment, and tax dollars. In Arkansas, 87 percent of jobs that pay less than a family-sustaining wage are those that don’t require education beyond high school. Moreover, in 2013, 65 percent of the jobs in the state did not meet that yearly threshold of a family sustaining wage.

Arkansas is not alone in this issue. The low-wage, low skill economy is an issue throughout the South. MDC called attention to the lack of well-paying jobs across the region in the State of the South report, and we are currently preparing a study of economic mobility in North Carolina that raises similar concerns about the low-wage jobs in our home state. And as you can see from the maps below, the states with the most jobs for high school dropouts are in the South while the opportunities for growth for those with bachelor’s degrees are in the North and the Midwest.

Educational concentrations of total jobs by state in 2018

PS jobs

Source: Georgetown University Center on Education and the Workforce, Help Wanted: Projections of Jobs and Educational Requirements through 2018 (June 2010)

HS drop

Source: Georgetown University Center on Education and the Workforce, Help Wanted: Projections of Jobs and Educational Requirements through 2018 (June 2010)

The Winthrop Rockefeller Foundation, headquartered in Little Rock, Arkansas, understands that career opportunities that pay family sustaining wages are important for the Arkansas economy, and that students need to realize the return on investment of postsecondary education within their home state. The Foundation wants students, parents, policymakers, educators, and employers to EXPECT MORE. The EXPECT MORE campaign asks people in the state to change the status quo by investing in the right advanced-skills training and education, investing in every region of the state to attract family-supporting jobs, and redesigning career pathways that offer family-supporting wages. The goal is to reverse the 70-30 equation (of jobs that require no postsecondary education for entry-level employment compared to those that do) through a series of strategies to transform the Arkansas public education system and build a pipeline of family-supporting jobs across the state.

Check out more videos from the EXPECT MORE website to learn more about how Arkansans are building an Infrastructure of Opportunity for their future. You can join MDC and The Winthrop Rockefeller Foundation in a conversation about how Arkansans can make sure tomorrow’s jobs are better by live streaming the event today at 1:00 pm EST at the Clinton School of Public Service.

Heir Property and Economic Mobility: Tools for Policy and Practice

Heir Property and Economic Mobility: Tools for Policy and Practice

A Definition of Heir Property: It’s Complicated

Families with assets experience greater financial stability and economic mobility as compared to families with the same income but without significant assets. These critical assets, notably savings, not only provide a cushion against economic shocks, facilitating financial stability, but can also provide the feeder capital necessary to get a college education, job training, or a home, factors associated with upward economic mobility.

There is, however, at least one asset type that often requires a significant secondary investment before families can use it for those purposes. Heir property is family owned, inherited land owned by multiple heirs with undivided interests.  As such, it is also “the most unstable form of land ownership” in the United States. Families with resources have the means to hire legal counsel and avoid or remediate this complex and often untenable status. However families with low or moderate wealth are often unable to make the secondary investment in managing the land that would unlock its value, even though they are the very families that need it most.

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Making College Possible in the Arkansas Delta

Making College Possible in the Arkansas Delta

Across several Southern states, educational opportunities for youth are defined by where they live. This fact is evident in rural areas where access to opportunities are often few and far away.

Many students raised in the rural South are not provided the same academic and college preparatory resources as their urban counterparts. And in state and national conversations discussing ways to increase educational attainment, rural students are frequently overlooked.

During our State of the South visit to Arkansas this summer, we heard about the state’s culture of collaboration: when community members see an issue, they come together to fix it. So when rural residents realized their children were not going to college, they came together to find ways to reduce the barriers that kept young people from taking that next step.

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