With the world spinning faster than ever, the shelf life of formal education is getting shorter and shorter. The end of the formal phase of your education is just the first step in your lifelong learning. That cliche has always been true, but these days it's really true. Labor markets are tight. Job growth is rapid.
Unemployment is low.
Our New Economy has increased the already existing premium on education. Last Friday, we learned that the unemployment rate in November was 4 percent. The fine print revealed the following. 3.6 percent for high school graduates, with no college. 2.7 percent for those with some college, but no degree.