Adult Education Is Crucial to Addressing Workers' Skills Gap
Adult Education Is Crucial to Addressing Workers' Skills Gap
(Bloomberg View) -- The world's rich countries face a looming challenge in education: Too many of their citizens lack the skills and credentials needed for the jobs of the future. To keep people productively engaged in work in the coming decades, and to ensure that economies maintain robust growth, governments, educators and employers will need to make lasting investments in a new class of students: adults.
The trouble for now is largely demographic. Although a growing share of people between the ages of 18 and 24 is going to college, the total population of young adults is shrinking in the U.S. and Europe. So total college enrollment is largely in decline. Meanwhile, the population of older workers keeps growing. In the U.S., by the middle of the next decade, nearly one-quarter of the workforce will be over 55. And many adults lack the post-high-school education and training that employers increasingly demand.
So efforts are needed to bring adult workers into the classroom -- or, in many cases, back to the classroom. Some 17 percent of Americans over 25 -- 36 million adults -- have some college education but no credential to show for it. Today, if all U.S. "near-completers" finished at least an associate's degree, incomes would rise by $112 billion, according to the American Council on Education.
One hurdle is financial aid. Government subsidies are overwhelmingly geared toward traditional college-aged students. In the U.S., Pell Grants, which provide $36.8 billion in aid to low-income students, mostly can't be used for the kind of short-term certificate granting programs, including coding boot camps, that older students want.
Government educational grants and loans should be expanded to cover such programs, as a bipartisan bill in the U.S. Congress would do for Pell Grants. In Singapore, the government's SkillsFuture initiative provides every citizen over 25 a $500 credit to enroll in a career-training program, with additional subsidies for those over 40. Private companies should give their existing employees incentives to go back to school while they remain on the job, through tuition assistance and opportunities for promotion, as AT&T, Wal-Mart, Amazon and McDonald's have all started to do.
Colleges should also accommodate working adults by expanding online classes and giving returning students credits for the professional skills they've cultivated on the job. Older adults fare better in -- and are more likely to graduate from -- "accelerated" month-long courses than in standard, 18-week academic semesters.
Most critically, older adults need to be steered toward the kinds of education that employers want them to have. Training programs and apprenticeships that connect local businesses with students and technical colleges should be expanded.
As the pace of technological change accelerates, so will the need to educate, and re-educate, workers. The long-term goal should be to revolutionize educational systems -- to make them places that adults revisit, as needed, throughout their working lives.
--Editors: Romesh Ratnesar, Mary Duenwald.
To contact the senior editor responsible for Bloomberg View’s editorials: David Shipley at davidshipley@bloomberg.net.
For more columns from Bloomberg View, visit http://www.bloomberg.com/view.
©2018 Bloomberg L.P.