The Nellie Mae Education Foundation published a thorough analysis of how New England's demographic and educational trend lines pose serious challenges for our economic future.
"What It Takes to Succeed in the 21st Century -- and How New Englanders are Faring" discusses the region's slow population growth, the concentration of growth in populations with traditionally lower educational attainment, aging of the population and economic disparity by racial and ethnic groups. The report calls for a higher public profile to the educational challenges as a critical driver of the needed change in policy and practice.
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An interesting set of proposals to address these issues appeared in an article in the Federal Reserve Bank of Boston 2008 Annual Report:
ReplyDeletehttp://www.bos.ftb.org/about/ar/ar2008/essay.pdf
Sasser, A.C. (2008) "The Future of the Skilled Labor Force in New England: The Supply of Recent Graduates"
The article presents research that indicates recent college graduates leave New England not because of the weather or high cost-of-living (incl. housing) but rather because of job opportunities in other reasons.
4 solutions are proposed:
1. Expand internships for college students
2. Re-brand the region to appeal to recent grads
3. Reduce college debt
4. Increase investments in public higher ed