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|    alt.politics.economics    |    "Its the economy, stupid"    |    345,379 messages    |
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|    Message 343,431 of 345,379    |
|    davidp to All    |
|    More Students Are Turning Away From Coll    |
|    27 Mar 23 08:42:49    |
      From: lessgovt@gmail.com              More Students Are Turning Away From College and Toward Apprenticeships       By Douglas Belkin, March 16, 2023, WSJ              Last spring Dina Sosa Cruz sat with her parents and sister in the family’s       living room and reviewed her options: a full academic ride to the University       of the District of Columbia, or an apprenticeship in the insurance industry.               The college route meant at the end of four years the 22-year-old would have a       degree, a little debt and no work experience. The apprenticeship would leave       her with a two-year degree, money in the bank and training in a profession       that appealed to her.               Her family was unanimous: Take the apprenticeship. “You’ll be worry       free,” her mother said.               Family conversations like the one in Ms. Cruz’s living room are bubbling up       around the country as high-school seniors recalibrate their options after the       pandemic prompted a historic disengagement from school. The result has been       the acceleration of a        shift away from the nation’s half-century “college-for-all” model toward       a choice of either college or vocational programs—including apprenticeships.               Today, colleges and universities enroll about 15 million undergraduate       students, while companies employ about 800,000 apprentices. In the past       decade, college enrollment has declined by about 15%, while the number of       apprentices has increased by more        than 50%, according to federal data and Robert Lerman, a labor economist at       the Urban Institute and co-founder of Apprenticeships for America.              Apprenticeship programs are increasing in both number and variety. About 40%       are now outside of construction trades, where most have traditionally been,       Dr. Lerman said. Programs are expanding into white-collar industries such as       banking, cybersecurity        and consulting at companies including McDonald’s Corp., Accenture PLC and       JPMorgan Chase & Co.              Apprenticeships take many forms but generally pair students with a course of       study focused on a particular occupation and practical work experience under       the supervision of a mentor. Typically, employers pay costs associated with       school as well as a wage.                      Some programs have boomed in popularity, with admission rates as competitive       as those at some Ivy League universities.              The gap between the number of students going to college and those selecting       apprenticeships is closing as many employers are struggling to find workers in       the tightest job market in half a century. Meanwhile, more students say they       are wary of enrolling        in college for fear it will leave them in debt and holding a degree that       hasn’t prepared them for a good job in a fast-changing labor market.               As a result, some employers say a mismatch has developed between the skills       employers are seeking and the lessons students are learning in college and       university courses. To address the mismatch, companies are dropping       requirements for degrees for some        jobs, and states are rebuilding the vocational-education pathways that were       de-emphasized two generations ago when the nation adopted a coll       ge-preparatory path for nearly all students.               Companies such as Alphabet Inc.’s Google, Delta Air Lines Inc. and IBM Corp.       have responded by dropping college degrees as requirements for some positions       and shifting hiring to focus more on skills and experience. Pennsylvania has       cut college-degree        requirements for some state jobs, and Maryland has set a statewide goal of 45%       of high-school students starting a registered apprenticeship by 2031.               About 1/3 of Maryland high-school grads have earned a community-college degree       or 4-year-college degree by the age of 25, said State Sen. James Rosapepe, who       has championed the apprenticeship programs. He called that proof that the       college-for-all model        is falling short.              Mr. Rosapepe characterized the national skills mismatch as an information       problem. Colleges and the military actively recruit in high schools to educate       students about their options. Little information, he said, is shared about all       the other trades or        professions.               “We’ve paved the path for the 1/3, and we let the other 2/3 wander       aimlessly in the woods,” said Mr. Rosapepe. “It’s not fair to them and       it’s obviously economically inefficient.”              Zurich North America, an insurance firm, says it hired 92 apprentices last       year, many right out of high school, from more than 800 applicants. Most       apprentices attend community college. They are based in offices across the       country where they work stints        in different departments such as underwriting, claims, audit, statistical       reporting, IT, cybersecurity and reinsurance, said Al Crook, who leads the       company’s apprenticeship program.              EJ Crespo, 20, is now in the billing audit department at Zurich’s office in       Schaumburg, Ill., outside of Chicago. He said there is an adjustment to       working in an office with people his parents’ age, but said he has become       proficient at data analysis        and Excel since he began.              He earns about $40,000 a year while taking four classes a semester at a       community college and working 24 hours a week during the school year—and       full time in summer.               “I literally didn’t know anything when I got here, and they taught me all       these skills,” he said.              The Aon PLC apprenticeship program in which Ms. Cruz enrolled began in 2016       and that year accepted 40% of applicants. Last year, the program drew 1,100       applicants for 90 spots. This year, the applicant pool grew to 1,500 for 100       positions. That 7%        acceptance rate makes the program as selective as Cornell University and       Dartmouth College.              “A lot of the growth is word-of-mouth,” said Bridget Gainer, spokeswoman       for Aon, a global professional-services firm based in Chicago.              The longest-tenured apprentices are 4 years past graduation and are earning       15% to 25% more than when they started, she said. They have also been easier       to retain.              Research from other countries shows that success may be short-lived. Eric A.       Hanushek, a Stanford University economist, said that the skills learned in an       apprenticeship might not be of much help down the line.                      [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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