COURT, NOW IT’S GOING TO JUMP
INTO THIS BIG SECOND AMENDMENT
ISSUE, STEPHANIE.
>> PETE, THANK YOU.
>>> AND THIS MORNING APPLE
ANNOUNCED IT WILL ADD 20,000 NEW
JOBS ACROSS THE COUNTRY OVER THE
NEXT FIVE YEARS AS PART OF A
$430 BILLION INVESTMENT AIMED AT
GROWING ITS BUSINESS AND HELPING
THE COUNTRY RECOVER FROM THIS
PANDEMIC.
THE MOVE PROMPTING THIS BIG
QUESTION -- IS A COLLEGE DEGREE
STILL THE BEST WAY TO TRAIN
PEOPLE FOR THESE AND OTHER JOBS
OF THE FUTURE?
THE GROWING NUMBER OF COMPANIES
AND THEIR CEOs ARE SAYING NO.
30-YEAR-OLD ALI ALCALA HAS IT
ALL, APARTMENT IN NEW YORK CITY,
THRIVING CAREER IN HR AT
JPMORGAN CHASE AND MORE THAN
$70,000 A YEAR IN INCOME.
WHAT SHE DOESN’T HAVE IS A
COLLEGE DEGREE.
DID YOU ASSUME THAT INVESTMENT
BANKS WERE ONLY FOR CLOTHEOLLEGE
GRADS, IVY LEAGUE SCHOOL GRADS?
>> I HAD NO NOTION YOU WOULD BE
ABLE TO GET EVEN A FOOT IN THE
DOOR WITHOUT A DEGREE.
>> Reporter: THE GLOBAL BANK IS
ACTIVELY RECRUITING PEOPLE
WITHOUT COLLEGE DEGREES THROUGH
PROGRAMS THAT PAY THEM TO TRAIN
IN CAREERS LIKE OPERATIONS AND
CONSUMER BANKING.
>> I DIDN’T HAVE A DEGREE.
MY FUTURE WAS EXTREMELY
UNCERTAIN.
AND THE PROGRAM KIND OF PROVIDED
A WAY -- CLEAR WAY WHERE I WOULD
BE ABLE TO PURSUE A CAREER PATH
OR JOURNEY.
>> I ONLY WENT TO COLLEGE
BECAUSE MY PARENTS MADE ME GO TO
COLLEGE.
>> Reporter: MARK BENIOFF IS THE
FOUNDER AND CEO OF SALESFORCE.
>> EVERYBODY THINKS IF YOU DON’T
HAVE A COLLEGE DEGREE IN THE
UNITED STATES, YOU CAN’T BE
SUCCESSFUL AND IT’S IN THE TRUE.
>> Reporter: THE COST OF A
DEGREE HAS RISEN MORE THAN
$10,000 FOR PUBLIC UNIVERSITY
AND $37,000 FOR PRIVATE AND MORE
THAN HALF GRADUATE WITH $29,000
IN STUDENT DEBT.
IS COLLEGE EVEN WORTH IT?
IT’S EXPENSIVE OF THE.
>> YOU CAN CREATE INCREDIBLE
VALUE FOR THE WORLD WITHOUT A
COLLEGE DEGREE.
>> I CALM TO THIS COUNTRY WITH A
LOT OF ASPIRATIONS.
>> Reporter: AFTER EMIGRATING
FROM COLOMBIA, JUAN WORKED
SEVERAL JOBS INCLUDING CAR
SALES.
COLLEGE WAS OUT OF THE QUESTION.
>> IF I WENT PART TIME, IT WOULD
TAKE ME EIGHT YEARS TO FINISH
COLLEGE AND POSSIBLY COME BACK.
>> Reporter: A MUCH BETTER
ALTERNATIVE FOR JUAN AND HIS
GROWING FAMILY?
FREE ONLINE TRAINING WITH SALES
FOERS THAT LED NOT ONLY TO A
JOB --
>> NOW I FEEL LIKE I HAVE A
CAREER.
THERE ARE A LOT OF OPPORTUNITIES
OUT THERE.
>> Reporter: MORE MAJOR
COOPERATIONS ARE ABANDONING THE
REQUIREMENT OF A FOUR-YEAR
DEGREE.
AT APPLE, MORE THAN HALF OF
THEIR EMPLOYEES DON’T HAVE
COLLEGE EMPLOYEES.
BUT THIS PATH IS UNTESTED.
MANY JOBS STILL REQUIRE A
BACHELOR’S DEGREE BE ON AVERAGE,
A COLLEGE GRADUATE MAKES 67%
MORE THAN A HIGH SCHOOL
GRADUATE.
BUT AS THE COST OF COLLEGE
RISES, SOME SAY THE RETURNS
AREN’T KEEPING PACE.
>> THE IDEA THAT TO MAKE A LOT
OF MONEY YOU NEED TO GO TO
COLLEGE, THAT’S A THING OF THE
PAST?
>> TO MAKE A LOT OF MONEY, YOU
JUST NEED TO GET THE SKILLS.
YOU DON’T NEED TO GO TO COLLEGE.
YOU CAN DO IT ALL ONLINE.
>> Reporter: ALI SEES ONLY ONE
REASON TO PURSUE A DEGREE NOW --
>> TO HAVE IT FRAMED.
>> JOINING US TO DISCUSS, THE
VICE PRESIDENT OF GROW WITH
GOOGLE, A PROGRAM THAT TRAINS
AND MATCHES APPLICANTS TO A JOB
WITHOUT REQUIRING ANY GREJ
DEGREE AND SHAWN GALLAGHER,
EXECUTIVE DIRECTOR FOR THE
FUTURE OF HIGHER EDUCATION AT
NORTHEASTERN UNIVERSITY.
I WANT TO WELCOME YOU BOTH.
LISA TO YOU FIRST.
GOOGLE IS AMONG A NUMBER OF
COMPANIES CREATING THEIR OWN
TRAINING PROGRAMS.
HELP US UNDERSTAND WHO IS THIS
AIMED AT AND WHAT KIND OF JOBS
ARE THE PARTICIPANTS LANDING
AFTER? >> SURE.
>> SURE.
WELL, AT GOOGLE, WE’RE JUST
TRYING TO MAKE SURE WE’RE
CREATING AN ECKABLE AND
INCLUSIVE JOB MARKET.
AND WE WANT TO MAKE SURE ANYONE
REGARDLESS OF THEIR EDUCATIONAL
BACKGROUND OR WORK EXPERIENCE
CAN GET INTO ONE OF THESE
IN-DEMAND, HIGH-GROWTH,
HIGH-PAYING JOB FIELDS.
SO WE TEACH ALL OF THE SKILLS
THEY NEED TO KNOW TO GET AN
ENTRY LEVEL JOB IN I.T. DATA
SUPPORT, AN LILTICS, USER
EXPERIENCE DESIGN OR EVEN
PROJECT MANAGEMENT.
>> SHAWN, THERE’S A STIGMA
AROUND NOT GOING TO COLLEGE.
CONVENTIONAL WISDOM FOR PARENTS,
KIDS WHO GO TO COLLEGE CAN
SUCCEED.
IF THEY DON’T, THEY WON’T.
IS THAT STARTING TO SHIFT,
ESPECIALLY AS YOU LOOK AT SORT
OF THE JOBS OF THE FUTURE?
>> IT IS, YEAH.
THAT’S SOMETHING WE’VE BEEN
RESEARCHING FOR A NUMBER OF
YEARS.
THIS WAS A TREND BEFORE THE
PANDEMIC AND ESPECIALLY SINCE
WITH THE AVAILABILITY OF ALL OF
THESE NEW TYPES OF ONLINE
CREDENTIALS AND HOW AFFORDABLE
THESE ALTERNATIVES TO DEGREES
HAVE BECOME.
IT’S SOMETHING BLOOMING.
BY MANY MEASURES IT’S UP 70% OR
80% IN THE LAST YEAR.
COMPANIES HAVE BEEN SHIFTING
THEIR HIRING PRACTICES.
GOOGLE IS AN EXAMPLE, APPLE AND
IBM AND MANY OTHERS FOUND THEY
NEED TO GO TO ALTERNATIVE POOLS
OF TALENT AND LOOK BEYOND SIMPLY
RELYING ON A COLLEGE DEGREE.
SOMETHING PEOPLE WOULD BE
SHOCKED BY IS HOW NOT RIGOROUS
THE PROCESS OF SETTING A
QUALIFICATION FOR A JOB IS AND
THAT’S STARREDING TO CHANGE
BASED ON TECHNOLOGY AND BASED ON
THE CHANGES WE SEE IN THE
ECONOMY.
>> LISA, COMPANIES LIKE GOOGLE
OR SALESFORCE OR WHAT WE JUST
ANNOUNCED APPLE WITH 20,000 JOBS
OVER THE NEXT FIVE YEARS, HOW
ESSENTIAL IS IT TO CREATE JOBS
LIKE THIS TO ADDRESS THE SKILLS
GAP?
EVEN BEFORE THE PANDEMIC WE HAD
PEOPLE IN THIS COUNTRY
STRUGGLING.
MINIMUM WAGE IS NOT ENOUGH TO
SUPPORT ADULTS IN THIS COUNTRY.
BUT NONE OF THE JOBS WE’RE
TALKING ABOUT ARE MINIMUM WAGE
JOBS.
WILL THIS FINALLY ADDRESS THAT
SKILLS GAP AND GIVE AMERICANS
THE SKILLS THEY NEED FOR THOSE
HIGHER-PAYING JOBS?
>> OH, MY GOSH, ABSOLUTELY.
AS YOU’RE SAYING, STEPHANIE, 80
MILLION AMERICAN WORKERS,
TWO-THIRDS OF AMERICAN WORKERS
DO NOT HAVE A COLLEGE DEGREE.
UNTIL NOW THEY REALLY FELT
LOCKED OUT OF GOOD JOBS.
WE ABSOLUTELY NEED TO CHANGE
THAT.
AND I THINK PROGRAMS LIKE THIS
ARE REALLY AN IMPORTANT STEP
BECAUSE THEY TEACH YOU
EVERYTHING YOU NEED TO KNOW TO
BE JOB READY IN THESE FIELDS.
BUT MORE IMPORTANTLY, WHAT WE’RE
DOING AT GOOGLE IS WORKING WITH
THE ENTIRE ECOSYSTEM.
SO WE’RE PARTNERING WITH OTHER
EMPLOYERS.
WE HAVE 150 EMPLOYERS WHO HAVE
SIGNED ON TO HIRE GRADUATES FROM
OUR CERTIFICATE PROGRAM.
AND WE’RE ALSO WORKING WITH
EDUCATIONAL INSTITUTIONS LIKE
NORTHEASTERN, LIKE 100 COMMUNITY
COLLEGES AROUND THE COUNTRY AND
WITH WORKFORCE DEVELOPMENT
BOARDS.
AS YOU SAID, THERE’S 10 MILLION
AMERICANS UNEMPLOYED AT THIS
VERY MOMENT SO WE’RE WORKING
CLOSELY WITH THE WORKFORCE
INVESTMENT
DEVELOPMENT BOARDS AROUND THE
COUNTRY TO MAKE SURE FOLKS HAVE
ACCESS TO TRAINING TO GET INTO
HIGH PAYING AND HIGH-GROWTH
CAREER FIELDS.
ON AVERAGE THE FIELDS WE TEACH
PAY AN ENTRY LEVEL SALARY OF
$69,000 A YEAR OR MORE.
AND THERE’S 1.3 MILLION JOBS IN
THESE FOUR CAREER FIELDS.
OPEN RIGHT NOW IN THE U.S., BUT
NOT ENOUGH PEOPLE TRAINED FOR
THEM.
>> SEAN, WHEN WE THINK ABOUT NEW
JOBS, WE IMMEDIATELY DEFAULT TO
YOUNG PEOPLE.
BUT DO PROGRAMS LIKE THIS START
TO ADDRESS ATHEISM FOR PEOPLE
WHO ARE OLDER WHO ARE IN THE
WORKFORCE AND WANT BETTER JOBS
AND TRYING TO GET BACK IN, THEY
DON’T NECESSARILY HAVE THE
TECHNOLOGY SKILLS.
THESE TECHNOLOGIES DIDN’T EXIST
WHEN THEY WENT TO SCHOOL.
HOW MUCH DOES THINGS LIKE THIS
HELP THEM?
>> RIGHT.
THAT’S ONE OF THE OPPORTUNITIES
HERE.
BECAUSE THESE PROGRAMS ARE
ONLINE AND AFFORDABLE TEND TO
MEAN YOU DON’T HAVE TO STOP YOUR
JOB TO GO OFF AND EARN A DEGREE.
YOU CAN DO SOMETHING THAT MIGHT
TAKE YOU JUST A FEW WEEKS AND
WITH A VERY MINIMAL INVESTMENT
IN MANY CASES.
IT ALSO POINTS OUT YOU CAN OFTEN
TAKE CREDITS FROM THESE TYPE OF
PROGRAMS AND STACK THEM INTO A
LATER TACK THEM INTO
ANOTHER DEGREE.
GETTING A BACHELORS OR MASTERS DEGREE.
SO IT TAKES A WHOLE ECO SYSTEM.
>> IF YOU HAVE A KID GOING TO AN
IVY LEAGUE SCHOOL, THEY’RE NOT
TURNING DOWN HARVARD FOR THIS.
WE KNOW MANY KIDS MIGHT NEED A
GAP YEAR, THEY’RE LOOKING AT
COMMUNITY COLLEGE, AND KIDS THAT
ARE NOT READY ARE SPENDING A LOT
OF MONEY IN COLLEGE THAT GETTING
THERE NOWHERE BUT IN MORE DEBT.
>> FOR SURE, THIS YEAR WE
ANNOUNCED THAT WE’RE BRINGING
THESE CAREER CERTIFICATES TO
CAREER AND TECHNICAL HIGH
SCHOOLS AROUND THE COUNTRY.
ABSOLUTELY WE WANT THEM TELLING