Tuesday, Microsoft’s General Counsel & Senior Vice President, Brad Smith, testified about education and high-skilled immigration reform before the U.S. Senate Judiciary Subcommittee on Immigration, Refugees and Border Security at a hearing on “The Economic Imperative for Immigration Reform.”
On Microsoft’s website, Smith blogged the following:
The essence of my testimony is that while we undoubtedly have a jobs problem in this country, closer analysis shows it is also a talent and skills problem. In a world where jobs follow talent, we need to increase the skills of the American workforce if we are to succeed economically.
Today, we face a dual unemployment rate. The Bureau of Labor Statistics last month estimated that the unemployment rate for individuals with a college degree or more is only 4.4 percent. For those individuals with only a high school diploma, the unemployment rate is 10 percent. And the problem may get worse. According to a recent Georgetown University Center on Education and the Workforce study, between 1973 and 2008, the share of jobs in the U.S. economy that required postsecondary education rose from 28 percent to 59 percent. This share is projected to rise to 63 percent by 2018. The same study shows that by 2018 we are likely to fall short on the number of college graduates our economy needs. We have a skills gap…