This document summarizes key findings from a webinar on the economic benefits of postsecondary education for Hispanics/Latinos. It finds that a college degree leads to significantly higher lifetime earnings compared to a high school diploma. Additionally, the types of degree and college attended can impact earnings. While attainment rates for Hispanics have increased, they still lag behind national averages. The webinar emphasizes helping students develop skills for 21st century careers and choose programs of study aligned with labor market needs to maximize success.

1. Economic Benefits
Of Postsecondary Education for Hispanics / Latinos
“New rules” of the workforce and how
they affect Hispanics / Latinos
December
2,
2015
2:00
pm
ET
#CEWEquity
#FutureReady
#ReachHigher
#HispanicEconomicSuccess
#HispanicFuture
#La9noEconomicSuccess

2. Center
on
Educa9on
and
the
Workforce
Presenters
Anthony
Carnevale
Founder
&
Director
Nicole
Smith
Chief
Economist
Jennifer
Landis-­‐Santos
Counselor
Webinar
Moderator

3. MISSION
OF
HIGHER
EDUCATION:
To
empower
individuals
to
live
fully
in
their
Dme,
free
from
economic
or
public
dependency
The
mission
of
higher
educaDon
endures
but
Dmes
change
…
and
higher
educaDon
is
changing
with
the
Dmes.

4. 72%
44% 41% 35%
12%
27% 27%
30%
16%
29% 32% 35%
1973 1992 2010 2020
Shareofjobsbyeducation
requirement,1973-2020
(projected)
BA+
Some college/AA
HS or less
Jobs
requiring
high
school
or
less
have
declined
from
72%
of
all
jobs
in
1973
to
41%
in
2010,
to
become
only
35%
in
2020.
4

5. Since
1983,
the
US
has
been
under-­‐producing
college
talent:
The
supply
of
college-­‐educated
workers
has
grown
by
1%
each
year,
while
demand
has
grown
by
3%.
College
supply
College
demand
Baby
Boom
Surge
5

6. “New
Rules”
for
A
new
economy

7. $973,000
$1,304,000
$1,547,000
$1,727,000
$2,268,000
$2,671,000
$3,252,000
$3,648,000
Less
than
HS
High
school
diploma
Some
college
AA
BA
MA
PhD
Professional
Life9me
earnings
by
educa9onal
a_ainment
(in
2009$)
Workers
with
BAs
earn
$1
million
more
than
high
school-­‐educated
workers
over
a
lifeDme.
7
Rule
#1:
More
educa9on
is
usually
is
be_er

8. Earnings of High
School Educated
Worker
Earnings of
Certificate Holder
Certificate Premium
Over High School
Hispanic
Women $19,086 $26,911 41%
Hispanic
Men $27,718 $39,914 44%
Hispanics receive the largest wage premium from certificates
Source:
Survey
of
Income
and
Program
ParDcipaDon
Rule
#2
:
In
some
cases
less
educa9on
is
worth
more
ConDnued
…

9. 9
28%
of
AAs
earn
more
than
the
median
BA
44%
of
people
with
BA’s
earn
more
than
the
average
person
with
a
graduate
degree
Rule
#2
:
In
some
cases
less
educa9on
is
worth
more

10. 10
Rule
#3:
What
you
make
depends
on
what
you
take
60,000
57,000
55,000
65,000
85,000
70,000
65,000
62,000
70,000
80,000
90,000
80,000
80,000
89,000
99,000
42,000
42,000
44,000
47,000
50,000
50,000
50,000
50,000
50,000
55,000
59,000
60,000
60,000
70,000
75,000
0
20,000
40,000
60,000
80,000
100,000
120,000
Psycology
and
Social
Work
EducaDon
Arts
HumaniDes
and
Liberal
Arts
Biology
and
Life
Science
Law
and
Public
Policy
Industrial
Arts
and
Consumer
Services
CommunicaDons
and
Journalism
Agriculture
and
Natural
Resources
Social
Science
Physical
Sciences
Health
Business
Computer
and
MathemaDcs
Engineering
MEDIAN
EARNINGS
BY
MAJOR
GROUP*
Median
Earnings
for
those
with
only
BA
Median
Earnings
for
those
with
Graduate
Degree
*Full
%me,
full
year
workers
with
a
terminal
Bachelor's

11. Rule
#
4:
Where
you
go
does
ma_er

12. “New
Rules”
are
especially
hard
on
First
genera9on
students
• They
have
the
least
resources
–
make
most
mistakes
and
can
take
longer
to
figure
things
out
compared
to
peers
who
have
financial
support
from
families
• “Culture
shock”
at
some
insDtuDons,
distance
from
family
• Internalized
stereotypes
and
struggles
with
self-­‐
confidence

13. A_ainment
rates
have
improved
drama9cally
but
s9ll
lag
na9onal
averages
• High
school
dropout
rates
is
sDll
14%
for
Hispanics
(compared
to
8%
for
African
Americans
and
5%
for
whites)
• Only
13%
of
Hispanics
25
years
old
and
above
have
a
BA
or
graduate
degree
(compared
32%
of
all
US
Americans)

17. Underemployment
The
more
educaDon
the
less
unequal
the
races
are
in
underemployment
and
unemployment
High
School
BA
As
educa9on
rises,
racial
dispari9es
are
less
visible
Underemployment
rates
2008
-­‐
2015
HISPANIC
RATE:
14.4%
WHITE
RATE:
10.4%
Underemployment
rates
2008
-­‐
2015
HISPANIC
RATE:
8.4%
WHITE
RATE:
5.2%

18. Interconnec9vity
of
various
competencies
(cogni9ve
and
non-­‐cogni9ve)
is
required
for
success
in
the
workforce.

19. Moving
Forward
Judgment and decision making
Active Listening
Critical Thinking
Oral and written comprehension
Problem sensitivity
Help
students
develop
21st
century
skills:
Customer and personal service
Deductive reasoning
Mathematics
Monitoring
Social perceptiveness

20. Help
students
ask
cri9cal
ques9ons
about
where
they
go
and
what
they
study
in
order
to
avoid
debt
and
underemployment
Please
share
via
social
media
or
post
in
public
places
as
a
community
resource.
Also
available
in
Spanish
Disponible
en
Español

21. Your
input
shapes
our
future
projects
Please
fill
out
brief
survey:
hgps://www.surveymonkey.com/r/GN8QLMY

22. Ques9ons
and
Answers
#FutureReady
#ReachHigher
#HispanicEconomicSuccess
#HispanicFuture
#La9noEconomicSuccess

23. For
more
informa9on:
Visit: https://cew.georgetown.edu/cew-reports/equity/
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