The study by the Georgetown University Center on Education and the Workforce (CEW) contends this goal must be achieved for several reasons: It will add $500 billion annually to the nation’s gross domestic product as well as more than $100 billion annually in tax revenue while reversing the growth of income inequality.
The center's 48-page report called “The Undereducated American” also highlights the fact that, “over the past 30 years, the demand for college-educated workers has outpaced supply,” resulting in the underproduction of college graduates during that period. The trend has seen a growing income disparity between those with college degrees and high school graduates, the report claims.
