Report says New England economy becoming more knowledge-based
A new Nellie Mae Education Foundation report has found that in order for New Englanders to prosper in an increasingly knowledge-based economy, changes must be made in how they are educated.
The report, called “What It Takes to Succeed in the 21st Century – and How New Englanders are Faring,” was released today by the Nellie Mae Education Foundation in Quincy, which bills itself as the largest philanthropic foundation in New England that focuses exclusively on education.
The report says the economy, especially in southern New England, is increasingly knowledge-based and dependent on jobs that require skills such as problem solving, critical thinking, communication, teamwork and the use of modern technologies.
During the next decade, jobs requiring some sort of post-secondary training will comprise the largest part of New England’s job base, according to the report. It says that five of the 10 fastest-growing jobs nationwide require a bachelor’s degree. In Massachusetts, eight of the 10 fastest-growing occupations require it.
In order to adapt to a changing economy, the report recommends creating a more varied range of new schools and learning approaches, both inside and outside traditional school buildings and time constraints.
“There are different kinds of skills and knowledge people need,” said Nicholas Donohue, CEO of the Nellie Mae Education Foundation. “General education around a traditional four-year degree isn’t the only route to success.”
In addition, the report recommends creating additional programs that can smooth the transition to post-secondary education, especially in urban areas.
Julie Onufrak may be reached firstname.lastname@example.org.