Community Development Reports
How much opportunity is in your economy for workers without a four-year degree?
New research sheds light on metros across Kentucky, Ohio, and Pennsylvania
College-educated workers typically have greater success in the labor market than do workers without a bachelor’s degree (hereafter “sub-baccalaureate workers”), as measured by both earnings and rates of employment. In light of research indicating a “polarization” of the labor market with an increase of higher- and lower-wage jobs and a decline in middle-wage jobs, it is worth asking this question: Do certain regional economies offer greater opportunity than others for the more than two-thirds of adults without a bachelor’s degree?
The views expressed in this report are those of the author(s) and are not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System.