Researchers Say Trade Schools Could Resolve Income Gap
TMA News
December 4, 2017
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“As manufacturing sector becomes more important in a country’s income, relatively unskilled laborers benefit from access to vocational education, thereby narrowing the income gap with skilled labor,” Joshua Aizenman, the economics chair at University of Southern California, wrote in a CNBC.com piece last week.
Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say.
- Researchers are investigating how the United States can become more competitive in the manufacturing industry in the age of artificial intelligence.
- Some of their conclusions suggest that more investment is needed in vocational programs and not in large, four-year universities.
- “There are too many four-year colleges serving too many students, and too few institutions with greater focus on vocational education and training,” the researchers said.
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