A report commissioned by an operator of for-profit colleges concludes that California's economy needs far more workers with advanced vocational and career training than state colleges and universities can provide - a gap that will result in billions of unpaid personal income.
The report, based on research by Davis-based Encina Advisors LLC, was commissioned by publicly traded Corinthian Colleges Inc. Santa Ana-based Corinthian's North American campus chains include Everest, Heald and WyoTech. Its California student enrollment is about 25,000.
According to the new report, over the next decade, nearly 2.5 million Californians will be crowded out of college programs that lead to career-oriented degrees, diplomas and professional certificates.
That equates to more than $50 billion in lost personal income, according to the report.
The report, entitled "Left Out, Left Behind: California's Widening Workforce Training Gap," indicates that while jobs are being created in various industries (including health care and education), the state's higher education system cannot produce enough skilled graduates to fill available positions.
The full report can be seen at www.mycareercounts.org.
Call The Bee's Mark Glover, (916) 321-1184.