dr. frances deviney - the economic impact of economic freedom on poverty and prosperity
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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Using Data, EmbracingOpportunity, and Building
Meaningful Futures
Frances Deviney, Ph.D.
Associate Director, Research and [email protected]
December 5, 2014
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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Let’s beginwith the
facts
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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CPPP.org
The U.S. added 2 million kidsin last decade
2M
U.S. child pop grew by 2 million between 2000 and 2010 Decennial ens!s data" U.S. ens!s #!rea!
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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CPPP.org
Te$as acco!nted for half of that growth%
50%
U.S. child pop grew by 2 million between 2000 and 2010 Decennial ens!s data" U.S. ens!s #!rea!
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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22% 22&
25%
17%
22%
Te$as child po'erty remains consistentlyhigher than U.S.
( e c e s s i o
n
ens!s #!rea! )*ids o!nt Data enter+
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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CPPP.org
ecess on ag c- !rn ng mer ca s,iddle lass /age arners into Low
/age arners
U.S. ob Losses and 3ains D!ring the (ecession and (eco'ery" 20042012" 5ational mployment Law 6ro7ect
89& 99& :9& 19& 9& 29& ;9& <9&
94&
22&
20&
21&
<0&
1=&
>[email protected];@9;.99Ahr
,idwage?cc!pations@1:.4;@21.1:Ahr
Lowwage
?cc!pations@8.<=@1:.4:Ahr
Recession JobLosses
(eco'ery ob 3ains
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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/hy careabo!t
po'ertyB
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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CPPP.org
Why care about poverty?
$
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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Texas Failies in !overty
"ery lo#uneployent
$early &% have FT#or'er5&% have ()*e+ree
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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3ood 7obs
6!blic
6ri'ate5onproCt
6artnerships
arlyd!cation
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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Low-Skill OccupationsService oriented, manual labor, security
Traditional Middle-Skill OccupationsWorkers who perform routine tasks that are procedural and repetitive
High-Skill OccupationsWorkers with analytical ability, problem solving, and creativity.
New Middle-Skill OccupationsNew High-skill Occupations
,han+in+ )'ill -ean*s
Source: The Vanishing Middle: Job Polarization and Workers’ Response to the Decline in Middle-Skill Jobs , Didem Tüemen and !onathan Willis, "ansas #ity
$ederal %eserve &ank, '()*.
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So!rces- S" 6S" ,oody’s nalytics
.
.
d!cational attainment and pro7ected ind!stryre!irements by le'el
,ismatch in Te$as’ Talent 6ipeline
!""""""#
$%""""""#
""""""#
&&""""""#
&'""""""#
()""""""#
%""""""#
&)""""""#
asters Degree or ore !achelors Degree Associates Degree "ess #han an AA Degree
Toorro#/s-ean*
Projected industry
educational
requirements for
all new jobs in
2030
To*ay/s)upply
Educational
attainment of
Texans over 25 years of age in
2010
!ncludes an un"nown number of wor"force certi#cates wit$ labor mar"et value t$at are %art of t$e newminimum&
*
*
0isatch in Texas1 talentpipeline
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8/9/2019 Dr. Frances Deviney - The Economic Impact of Economic Freedom on Poverty and Prosperity
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CPPP.org
4$
10$
15$
2%$
#& Poverty 'trongly "in(ed to "evel o)
*d+cational Attainment
# in Poverty by Educational +ttainment
Bachelors
degree or
higher
-ome college,
associates
degree
igh school
graduate,
/includese0uivalency1
2ess than high
school graduate
A' #able 1-00, 1/ear *stimates 201.
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P'3A 'D omm+nity ollege 6
7rad+ation '+ccess 'tory
(""' (""! (""% ("&" ("&& ("&( ("&3
82.4
-0.2-1.%
-4.9
9-.
-9-%.1
99
4 year grad+ation rate, #*A
%0.1
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Benefits of Pre45 last throughout life
igher Educational +ttainment
igher earnings
Better ealth
2ess Public +ssistance
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52$o) #e:as 4year/olds are
attending
p+blic Pre/;
2012/1, #e:as *d+cation Agency by 4 y.o. pop ; Data enter
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*conomically Disadvantaged (ids <ho <ent to
pre/( did better on their rd grade tests
Passed #A;' rd grade reading Passed #A;' rd grade math
9$ -%$
99$95$
=o Pre/; Pre/;
Analysis o) #*A 2011 #A;' data by the >))ice o) Rep. i(e ?illarreal
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hat an 6OU Do
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2E+78 @ )orabetterte:as.orgBdata.html
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Build the Opportunity
Path9ay:
Children enter ;inder ready tolearn
C ore st+dents ma(e it thro+gh the
ed+cation pipelineC *:panded access to
postsecondary ed. and <or()orce
trainin
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