Much is made of the dearth of economic opportunity and income equality across the U.S. workforce. Though a perennial issue, the conventional wisdom these days more than most appears to be that there are segments of the American population for whom high paying jobs are elusive or non-existent. This belief persists despite the lowest unemployment rate we have seen in nearly twenty years. 

The primary reason, we are told, for this situation boils down to the fact that an automated, globalized, and corporate-led economy produces winners and losers — a somewhat different set of winners and losers apparently than the more nationally-based economy of yesteryear. 

Inequality, or even the perception of it, tends to raise the hackles of key constituencies such as left-leaning individuals and nowadays working class folks who find that many low to mid-skilled jobs are evaporating. These groups agree there is a fundamental unfairness to inequality, and they are inspired to fight against it, sometimes in dramatically different ways, whenever possible. 

One element of inequality that I do not see getting too much attention however pertains to the number of people with a college education vs. those without one. As we look over the last half century or so we can see that this is a significant economic phenomenon. Indeed, the discrepancy between those with and without higher education impacts a variety of inequality factors, including not just income, but housing, community makeups, cultural upbringing, socioeconomics, and social status. 

The number of working-aged Americans with college degrees is steadily rising and now is at or slightly above 40% according to the Lumina Foundation. That is ten times the number compared to a hundred plus years ago when Andrew Carnegie, of all people, claimed college was irrelevant and even damaging. Despite the high cost of college, projections are that attendance will continue to grow another 15% by 2025 (Inside Higher Ed). 

Bruce Cain, a Stanford University political scientist, points out that people with knowledge-based characteristics attributed to being college educated, such as professionally oriented behaviors, digital familiarity, an understanding of financial services, and innovative inclinations, tend to congregate residentially and in employment. In today’s world the “Haves” are most often the ones with a college education, and they like to stick with and hire others of their own kind. It is easy to see how this can appear unequal. 

Many Baby Boomers were raised with the notion that getting a college education would lead to greater economic gain. Although the message is more nuanced these days the central point remains the same. One unintended consequence of this virtue is that it also leads to economic inequality and resentment among those not sharing in the bounty. This acrimony can sometimes be heard among those who have taken an anti-intellectual / anti-education stance, such as when expressing skepticism (to put it politely) regarding the viewpoints of the “elites” and the “establishment”. 

Addressing this imbalance requires initially a level of respect and acknowledgement that we all have something of value to offer. Working toward an economic system that honors and tries to achieve an opportunity-for-all ethic could arise from such a belief. Those who benefit from the hard work and commitment of pursuing higher education can assist those for whom college has not been a viable option through assistance measures designed to encourage greater and more affordable college attendance. 

And for those not choosing to pursue higher ed? The means of providing employment training, entrepreneurial support, and apprenticeship alternatives, along with other opportunity options, could be made more available. Full employment across all socioeconomic groups should always be our collective objective. 

Sharing prosperity across all segments of a pluralistic society is a great challenge. Perhaps we need to see more committed action from those who have succeeded, many of whom profess liberal leanings, to drive opportunity-for-all programs so that no one’s economic prospects are left behind.