Human Capital in the New Economy

Human Capital in the New Economy
October 1, 2000


  • In 1980, a college graduate earned 50 percent more than a high school graduate; today, that gap is 111 percent.
  • In 1980, a college graduate earned 50 percent more than a high school graduate; today, that gap is 111 percent.
  • In 1950, only 20 percent of U.S. jobs were skilled; now it's 65 percent; by 2005, it's expected to be 80 percent.
  • In 1999, nearly 720,000 jobs in information technology went unfilled; today, one in five IT jobs remains unfilled. Nearly 75 percent of new IT job openings fail to receive interested and qualified candidates.
  • This year, K-12 schools spent nearly $7 billion on instructional technology, mostly on Internet services, with only 5 percent going to teacher training.