Bloomberg Law
June 29, 2020, 5:06 PM

College Education Is Best Worker Insurance in Pandemic, Fed Says

Catarina Saraiva
Catarina Saraiva
Bloomberg News

A college education is proving more valuable than ever during the coronavirus pandemic, insulating many American workers from the job losses that have ravaged the economy.

Of the 20 million Americans who have lost their job in the virus-induced crisis, many more have been individuals without a college education than those with at least a bachelor’s degree, according to research by Federal Reserve Bank of San Francisco President Mary Daly and economists Shelby Buckman and Lily Seitelman. Jobs for those without college degrees tend be more contact-heavy and less compatible with remote work than the those of graduates.

“Higher ...

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