Wednesday, September 26, 2007

Bernanke says supply of educated workers in US is falling behind demand

Demand for highly educated workers has been rising fast in the US economy, Federal Reserve Chairman Ben Bernanke said today, but 'the supply of educated workers has not kept pace with demand,' causing more income inequality.Bernanke made no references to monetary policy or current economic conditions in his prepared speech to a US Chamber of Commerce education and workforce conference. The Fed released his text to reporters.While the US education system made great progress in raising the percentage of the population with high-school and college degrees during the 1970s and 1980's, Bernanke said progress has stalled since.

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