Fed鈥檚 Harker Says Job Training Needed to Boost U.S. Economy (Reuters)
October 5, 2017
Business, governments and other organizations should stop looking at job skills training as social welfare and see it instead as a path to better jobs, higher paying wages, and faster growth, a Federal Reserve Policymaker said on Thursday.
The remarks were made at a conference on workforce development in Philadelphia. 鈥淭he U.S. economy succeeds when we back programs that move people out of poverty and into stable, sustainable employment.鈥
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Latino Dropout Rate Plummets as College Enrollment Hits Record High (NBC)
October 4, 2017
In five years, the Hispanic dropout rate fell 6 percentage points 鈥 to 10 percent in 2016, from 16 percent in 2011 鈥 among Latino students aged 18 to 24.
The drop is significant considering that Latino students make up a growing share of the nation’s students. Hispanic enrollment in kindergarten through college increased by 80 percent from 1999 to 2016, from 9.9 million to 17.9 million.
The report notes that Latinos still lag when it comes to educational attainment, particularly college completion.
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Trump鈥檚 Apprentice Plan Seems to Need a Mentor (New York Times)
September 28, 2017
President Trump has聽聽for increasing the聽 nationwide to 5 million from roughly 500,000 today. To do this, he wants to direct $100 million of federal job training money to the program. He also wants to relax federal standards for 鈥渞egistered鈥 apprenticeships, which require a mentor, salaries that increase with experience, and minimum hours of formal instruction in both the classroom and workplace.
But research and recent experience suggest this approach could backfire. Over the last decade, Britain tried to increase the number of apprentices through a mix of public subsidies and changes that watered down the definition of apprenticeship. The result? Subway聽聽to hire 鈥渁pprentice sandwich artists鈥 who would be paid the minimum wage.
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