Failure to Support Ohio Higher Education Helps Keep Incomes Low and State’s Economy Struggling

Ohio’s economy has been struggling to gain momentum in recent years, and one of the primary reasons for this stagnation is the state’s failure to adequately support its higher education system. The consequences of this neglect are far-reaching, with low incomes and a lack of skilled workers being just two of the many negative outcomes.

Ohio’s higher education system, which includes its public universities and community colleges, has seen a significant decline in state funding over the past decade. This reduction in support has resulted in increased tuition costs, making it more difficult for Ohioans to afford a college education. As a result, many students are being priced out of the opportunity to acquire the skills and knowledge needed to compete in today’s economy.

The impact of this is twofold. Firstly, it means that many Ohioans are not earning the higher incomes that come with having a college degree. According to the Bureau of Labor Statistics, workers with a bachelor’s degree typically earn about 50% more than those with only a high school diploma. By limiting access to higher education, Ohio is effectively capping the earning potential of its citizens, which in turn hurts the state’s overall economy.

Secondly, the lack of skilled workers in Ohio is making it difficult for businesses to find the talent they need to grow and thrive. This is particularly problematic in industries such as technology and healthcare, where specialized skills are in high demand. Without a steady supply of skilled workers, businesses are forced to look elsewhere, taking their jobs and investment dollars with them.

The solution to this problem is clear: Ohio must prioritize funding for its higher education system. By doing so, the state can make college more affordable, increase the number of skilled workers in the workforce, and ultimately boost incomes and economic growth. It is time for Ohio’s leaders to recognize the importance of higher education and take action to support it. The future of the state’s economy depends on it.

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