Barkin calls for education to improve labour participation
Addressing disparities is one of the best opportunities to ensure US growth, Barkin says
Improving labour force participation through education is the biggest opportunity for growth in the US economy, Thomas Barkin said on September 28.
The Richmond Fed president argued the issues of diversity in the board room and labour force participation of underrepresented groups are closely tied to socioeconomic status. For instance, he told the audience there is a gap of nearly 30% in degree completion rates for students from low-income and high-income families.
He associates the gap with
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