What are the forces moving the Minnesota economy? Adam Belz tries to identify the trends and show the connections between Minnesota and the larger U.S. and global economies. You can connect with him on Twitter: @adambelz
One of the most ubiquitous statistics in Minnesota public life in recent years has been this: by 2018, 70 percent of all jobs in the state will require post-secondary education.
But the job market is not cooperating with that prediction. In fact, based on the twice-annual Job Vacancy Survey, reality is moving in the opposite direction.
At the end of 2013, the share of job openings requiring post-secondary education fell to a seven-year low, at 38 percent.
The upshot is that more and more of the job openings in the state are low-skill, and therefore low-wage, something we've been reporting on for a couple of years now.
Hat tip to the JOBS NOW Coalition, which noticed the trend in the survey data.
(That image of the graduate with fists in the air is free clip art from ClipArtBest.com)