It may be time to get your degree.
According to the American Opportunity Index, there’s a decrease in workers without a college degree.
The study, using data from the top 395 companies in America. excludes career paths that require degrees for entry. The goal, according to Rajiv Chandrasekaran, managing director at the Schultz Family Foundation, is to investigate spaces that do not have a barrier to entry and the trajectory of its workers.
Using five data points—hiring, pay, promotion, parity, and culture—the American Opportunity Index found that the amount of opportunity for employees with less education is not showing growth.
If promotions in companies are contingent upon higher education, Black people will unfortunately be left behind. Like any other report, the ACE organization’s projections are not concrete, and there is room for change.
Joe Fuller, a professor at Harvard Business School said companies play a huge role in whether or not American workers have access to higher positions within their companies.
“Opportunity doesn’t rest in specific industries or locations,” Fuller said in a statement. “It’s a function of companies making choices that advance the interest of their workers and implementing them.”
The American Opportunity Index has been evaluating the economic growth of the country for the last three years. The think tank is comprised of the Burning Glass Institute, the Schultz Family Foundation, and Harvard Business School’s Managing the Future of Work Project.
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Source: Black Enterprise
