Greater cleveland s economy and a skilled workforce raymond hart
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Greater Cleveland’s Economy and a Skilled Workforce Raymond Hart. Seminar Overview. Skilled Workforce Need Economic Growth Indicators Adult Education Cost-Benefits Analysis Economic Impact of Adult Education Programs Questions & Answers. Skilled Workforce Need.

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Seminar overview
Seminar Overview

  • Skilled Workforce Need

  • Economic Growth Indicators

  • Adult Education Cost-Benefits Analysis

  • Economic Impact of Adult Education Programs

  • Questions & Answers


Skilled workforce need
Skilled Workforce Need

  • 34.1% of tested applicants lacked basic skills needed for job performance

  • 84.6% of testing firms did not hire skill- deficient applicants

  • 3.5% hired skill-deficient applicants and provided/assigned remedial training

  • 3% hired skill-deficient applicants and recommended voluntary training

  • 8.2% Other

Source: American Management Association, American Management Association Research Survey: Corporate Concerns. American Management Association, New York, 2001 as cited in the National Institute for Literacy Workforce Education Fact Sheet retrieved June 2, 2007. Web site: http://www.nifl.gov/nifl/facts/facts_overview.html


Skilled workforce need1
Skilled Workforce Need

  • 51.8% Cleveland Municipal School District students currently graduate

  • Cleveland currently 82 of 86 large cities in economic growth (Inc.com report of Bureau of Labor and Statistics Data,

  • 14.3% of Cleveland residents 25 and over hold a Bachelor’s Degree Completion (Rank 65 of 68)

  • 73.3% of Cleveland residents 25 and over hold a high school diploma (Rank 58 of 68)

* Source: 2007 analysis of Bureau of Labor and Statistics data retrieved June 2, 2007 from Inc.com. Web site: http://www.inc.com/bestcities/index.html

**Source: U.S. Census Bureau, American Community Survey 2003


Income gains by education level
Income Gains by Education Level

  • Lifetime difference in earnings between a high school dropout and high school graduate: $260,000.

  • Difference in state and federal income tax contribution: $60,000.

  • Difference in local income tax contribution

    (assuming 2.5%) : $6500.

    Rouse, C.E. (2005 October). The labor market consequences of an inadequate education. In H.M. Levin (Chair). The social costs of inadequate education. Symposium conducted at the meeting of the Campaign for Educational Equity at the Teachers College, Columbia University.


Reduction in public costs by education level
Reduction in Public Costs by Education Level

  • Lifetime difference in public costs between a high school dropout and high school graduate (or equivalent): $127,000.

    Levin, H., Belfield, C., Muennig, P., & Rouse, C. (2007 January). The costs and benefits of an excellent education for all of America’s children. Retrieved June 2, 2007, from Center for Benefit-Cost Studies of Education at Teachers College, Columbia University. Web site: http://www.cbcse.org/.


Financial impact of adult education program on anytown usa
Financial Impact of Adult Education Program on Anytown, USA

  • 2005-2006 GED Program Graduation

    • 43 GED graduates

  • $16,641,000 million in lifetime earned income

  • $2,580,000 million in lifetime federal and state taxes

  • $279,500 in local taxes

  • Total almost $20 million improvement in the lives of students and the community in one year



Questions answers discussion thank you
Questions, Answers, & Discussion Economy over the next 10 years? Thank You

Contact: Raymond Hart

526 West Aurora Road, #129

Sagamore Hills, OH 44067

Phone: (330) 687-2485

Fax: (216) 674-2318

Email: [email protected]


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