16 / 24
16
•
The educational attainment of a population is a major factor in tech markets, as an educated workforce is essential
for the success and growth of these companies.
•
Educated workers are considered to be those who have earned a bachelor’s degree or higher.
•
The U.S. labor market is changing over time to demand a more skilled workforce. As workplaces and businesses become increasingly
multifaceted and complex, employers need workers who are capable of adapting and excelling in these evolving environments.
•
As a consequence of an increasing number of job openings requiring advanced education, access to top position jobs is determined
largely by college degrees. According to a report from the Center on Education and the Workforce at Georgetown University, 8.4 million
jobs of the 11.6 million created after the recession (from January 2010 to January 2016) went to individuals with at least a bachelor’s
degree.
•
Almost 31% of the U.S. workforce currently holds a bachelor’s degree or higher.
•
All of the Top 25 tech cities are above the U.S. average regarding educational attainment (bachelor’s degree or higher).
•
The top six markets are very close but San Francisco/San Mateo squeaks ahead of the pack.
Educated Workforce
104,000
COMPUTER AND MATHEMATICAL SCIENCE
OCCUPATIONS ARE GOING TO THE WELL-EDUCATED
Source: Center on Education and the Workforce
Change in employment from December 2007 to January 2016
Total change in employment from
January 2010 to January 2016:
+11.6 million
ASSOCIATE’S
DEGREE
26.6%
GRADUATE
DEGREE
32.5%
BACHELOR’S DEGREE
40.2%
870,000
BACHELOR’S DEGREE OR HIGHER
ASSOCIATE’S DEGREE OR HIGHER
EDUCATION DRIVES EMPLOYMENT
72.7% of the jobs
created from
January 2010 to
January 2016 went
to people with a
bachelor’s degree
or higher