Due to a growing number of Americans opting to forgo advanced education degrees because of skyrocketing college costs and diminishing job markets, some education experts say the Nation is in danger of becoming a place where downward mobility is the social norm.
Andreas Schleicher, special adviser on education at the Organization for Economic Cooperation and Development (OECD), said in a recent BBC interview that there is a growing trend of younger Americans being less educated than their parents. At the current rate, he said, the United States will soon be the only major economy on Earth where most members of younger generations are less educated than their parents.
This could lead to the Nation falling behind significantly in its ability to compete in an international economy.
“It’s something of great significance because much of today’s economic power of the United States rests on a very high degree of adult skills — and that is now at risk,” Schleicher said. “These skills are the engine of the US economy and the engine is stuttering.”
The education expert’s remarks come on the heels of OECD reports that show the balance of global economic dominance shifting heavily in the next half century. The report shows the United States dropping from 23 percent of total global gross domestic product to just 16 percent by the year 2060. Conversely, China is expected to make gains from 17 percent to 28 percent in the same timeframe.