College-Educated Workers Now Produce More Than Half of the Nations Annual Economic Value, According to New Georgetown University Study

Washington, D.C. (PRWEB) April 13, 2015

College-educated workers make up only 32 percent of the workforce but now produce more than 50 percent of the nations economic output, up from 13 percent in 1967, according to a detailed historical analysis of industry data by the Georgetown University Center on Education and the Workforce.

The dramatic increase in the economic value generated by college-educated workers is directly linked to the rise of a college-educated service economy.

The Georgetown study finds that the mass production of standardized goods and services has been replaced by more complex consumer demands that include quality, variety, customization, convenience, production speed, innovation, and novelty. College-educated workers and flexible technologies have allowed the United States to achieve this rich mix of economic value at reasonable prices.

The study also provides an explanation for the collapse of high- wage manufacturing jobs that once offered opportunity to high school graduates and the rise of an even greater number of high-wage service jobs that require college degrees.

Since the end of World War II, the share of goods-producing jobs plummeted from 50 percent to less than 20 percent of all jobs while the overall economy added more than 80 million new jobsmeaning that the entire growth was due to new jobs in high-wage high-skill service industries such as finance, insurance, advertising, consulting, computers, education, and healthcare.

This transition from a goods-producing to a service-oriented economy would not have been possible without tremendous increases in manufacturing productivity. Output per person in manufacturing almost tripled from $ 100,000 to $ 300,000 in real terms, while manufacturing employment decreased from 40 percent to 10 percent of all jobs. In turn, manufacturings productivity was driven by its better-educated workforce: the proportion of college-educated manufacturing workers grew from 20 percent to more than 50 percent.

While the share of jobs in goods-producing industries declined overall since 1967 in the U.S. workforce, the share of workers with a four-year college degree or more increased from 13 percent to 32 percent. Over 60 percent of the workforce now has at least some college education, up from just one-quarter of adults.

High-wage jobs for workers with no more than a high school education disappeared with the decline of manufacturing. During the same period the share of college jobs more than doubled and the college wage premium the average salary of a college graduate compared to a high school graduate went from 40 percent to 80 percent.

We set out to solve an economic puzzle: How does this data showing a surge in high-skill, high-wage service jobs fit in with the popular perception of a declining manufacturing economy stricken with low-skill dead-end McJobs? said Anthony P. Carnevale, the director of the Center and the reports lead author. The answer is the shift to the service economy is actually producing high-skill, high-wage employment.

The study shows two main drivers in the shift to a high-wage service economy. First, we have shifted consumption from goods to services:

In 1947, the basic necessities of food, drink, clothing and transportation accounted for 56 percent of consumer spending. By 2007, spending on these basic necessities dropped to just 27 percent of all consumers spending.

Since 1947, service industries with a high concentration of college-educated workers including finance and business services, travel and recreation, healthcare, and education increased from 26 percent of consumption to 54 percent of consumption.

Second, we have changed how we produce what we consume:

The value-added networks that produce basic commodities like food are a case in point: today, farmers account for only 5 percent of the value added in food production. Almost 20 percent of the value added in the food network comes from the bankers, insurance firms, advertisers, and other business services involved in bringing final food output to the table.

Furthermore, there has been a remarkable reversal in fortunes.

Manufacturing has been displaced by college-intensive business services as a source of economic value added, said Stephen J. Rose, the reports co-author.

College-intensive business services have replaced manufacturing as the U.S. economys largest industry cluster. Business services include a wide variety of professional functions such as consulting, accounting, management, and legal services as well as clerical services and finance.

In 1967, manufacturing was responsible for 31 percent of all value added in the economy and the business services sector accounted for just 12 percent; by 2007, manufacturing declined to 16 percent of all value added and business services jumped to 26 percent the percentage decline in manufacturing almost exactly equaled the percentage rise in business services.

The executive summary and full report of The Economy Goes to College: The Hidden Promise of Higher Education in the Postindustrial Service Economy is available at

The Georgetown University Center on Education and the Workforce is an independent, nonprofit research and policy institute that studies the link between individual goals, education and training curricula, and career pathways. The Center is affiliated with the Georgetown McCourt School of Public Policy. For more information, visit: Follow us on Twitter @Cntredwrkfrce and on Facebook.

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Rosacea Gone! World Patent Marketing Discovers the Truth About Rosacea With an Advanced Medical Invention Just In Time for Rosacea Awareness Month.

New York, New York (PRWEB) April 02, 2015

World Patent Marketing, the world’s fastest growing vertically integrated manufacturer of patented products, announces Rosacea Gone, a medical invention that promises to be a very effective method of treating mild to severe cases of Rosacea as well as Skin Erythema.

“Rosacea is a global health issue that affects over 16 million people,” said Scott Cooper, CEO & Creative Director of World Patent Marketing, “There is a growing demand for dermatological services in the United States and a declining number of physicians that practice independently. Rosacea Gone is a product that is needed today more then ever.”

Although Rosacea afflicts more than 14 million people in the United States, there has been very little medical research and development to cure the disease. The truth about Rosacea is that it can be carried genetically, and that family members can inherit the trait. In addition, Rosacea can be triggered by any of a number of factors including some form of allergic reactions. In some instances, it can be brought about by eating spicy food.

Another truth about Rosacea is that it can take years to treat if patients rely only on dermatology clinics. Rosacea Gone is a medical invention which changes all of this. It is an effective treatment of Rosacea and Skin Erythema on the face as well as other parts of the body. Rosacea Gone is a breakthrough medical invention that helps lessen the redness, blotchy, itchy flakey skin, and other symptoms of the disease. It can be prepared in various strengths depending on the severity of the condition. Mild to severe cases of Rosacea can be treated by adjusting the dosage of the main ingredients.

Although skin Erythema and Rosacea are fairly common, we have yet to see a cost-effective treatment for this disease, explains Paul S., the inventor of Rosacea Gone. Rosacea Gone is the first medical invention to specifically treat this skin condition.

Robert D., a dermatologist from Maryland, says The problem with skin care is that it is not clear whether it is covered by medical insurance or not. With high costs for the treatment of skin diseases, Rosacea Gone is a clear winner in treating skin Erythema and Rosacea.

Rosacea Gone can be a cost-effective treatment regimen. It can offer relief even to the most severe conditions of Rosacea and skin Erythema.

About World Patent Marketing

World Patent Marketing is the world’s only vertically integrated patented product development company. The company offers patent prosecution, licensing, trading, investment and manufacturing services to inventors, law firms and venture capital-backed companies. The company is well known in the industry for knowledge and expertise in patent research, patent filings, patent searches, invention studies, utility patents, design patents, PCTs, European Union Patents, China Patents, manufacturing, licensing and more. World Patent Marketing has received positive reviews for being a very outspoken critic of inventors’ patent troll complaints and has declared war on Patent Troll Scams as the U.S. Congress reconsiders the Anti-Patent Troll Law. “World Patent Marketing will not allow its clients’ success to be jeopardized by a complaint from a patent marketing scam.” according to Scott Cooper, CEO and Creative Director of World Patent Marketing. World Patent Marketing employs and contracts with over 350 people across four continents.

World Patent Marketing Achievements

World Patent Marketing is the only patent assistance company in history to be awarded a five star review rating from Consumer Affairs, Google, Trustpilot, Shopper Approved, Customer Lobby, and World Patent Marketing has received accredited status and is an A Rated Member of the Better Business Bureau. World Patent Marketing is also a proud member of Dun and Bradstreet, the US Chamber of Commerce, the Association for Manufacturing Excellence and the International Licensing Industry Merchandisers’ Association (LIMA). World Patent Marketing Miami is also a member of the South Florida Chamber of Commerce, the Greater Miami Chamber of Commerce, and the Miami Beach Chamber of Commerce.

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The Life Support Technologies Group (LST) Conducted its 30th Accredited Introduction to Hyperbaric Medicine Course for Health Care Professionals

Tarrytown, NY (PRWEB) March 26, 2015

The Life Support Technologies group (LST) has conducted its 30th Introduction to Hyperbaric Medicine course, which is accredited by both the Undersea & Hyperbaric Medical Society (UHMS) and the National Board of Diving & Hyperbaric Medical Technology (NDBHMT). LST provides the 40-hour course 4 times a year at several of its 10 hospital partner facilities around the NY tri-state region; registration is available on-line at:

Thirty-eight attendees successfully completed the intensive 40-hour Introduction to Hyperbaric Medicine course, February 17 March 3, 2015, at the LST Partner facility, Westchester Medical Center, Valhalla, NY. Course attendees came from the CT-NY-NJ Tri-State area. The well-rounded group of course participants included Physicians, Physician Assistants, Nurse Practitioners, Registered Nurses, Respiratory Therapists, Paramedics, and Emergency Medical Technicians. Core course faculty include: Glenn J. Butler, CEO; Edward Golembe, M.D.; Scott Gorenstein, M.D.;, Donovan T. Rosas, M.D.; David Charash, D.O.; Jay G. Levine, D.P.M.; Mark Chipps, CHT, EMT; Michael Merrow, CHT, EMT, and Training Director Bernie Chowdhury, BA, CHT; all of whom are Hyperbaric Board certified.

The first LST course was developed in partnership with the late Eric P. Kindwall, M.D., author of several prominent books that continue to be used for medical training. Considered by many to be the Father of Hyperbaric Medicine, Dr. Kindwall was the developer and Director of courses presented by LST until 2008; his contributions to LST and to its educational programs are considerable.

Glenn Butler, LSTs founder and CEO, remarked, Were honored to have reached this milestone of having conducted our 30th accredited hyperbaric medicine course. Our current program has been constantly upgraded over the years to reflect the latest practices, research and knowledge in the fields of hyperbaric medicine and wound care. I think Dr. Kindwall would be proud of how weve built on his educational foundation.

LSTs remaining three hyperbaric courses in 2015 are scheduled as follows: Saint Francis Hospital & Medical Center, Hartford, CT, April 24-28; Good Samaritan Regional Medical Center, Suffern, NY, June 5-9; Nassau University Medical Center, East Meadow, NY, Oct 16-20.

Hyperbaric Medical treatment involves putting a patient in a specially designed pressure vessel known as a hyperbaric chamber that can be pressurized greater than atmospheric pressure. The patient breathes 100% oxygen while under increased pressure. Monoplace hyperbaric chambers are the most common and are designed to treat one patient at a time. Multiplace chambers are purpose-built and can accommodate as many patients as they are built for. Hyperbaric chamber construction standards are established and published by the American Society of Mechanical Engineers (ASME) Pressure Vessel for Human Occupancy (PVHO) Committee. Standards for in-hospital use of high-pressure oxygen and other gases, and for all aspects of safety regarding in-hospital use of hyperbaric chambers are covered by the National Fire Protection Association (NFPA) in their manual titled NPFA-99: Health Care Facilities Code.

Currently, in the United States, the Centers for Medicare and Medicaid Services (CMS) approve hyperbaric treatment for fifteen (15) medical indications. Most commercial insurance carriers follow CMS guidelines for hyperbaric treatment reimbursement. Conditions covered by CMS include: acute carbon monoxide intoxication; decompression illness; gas embolism; gas gangrene; acute traumatic peripheral ischemia; crush injuries and suturing of severed limbs; progressive necrotizing infections (necrotizing fasciitis); acute peripheral arterial insufficiency; preparation and preservation of compromised skin grafts (not for primary management of wounds); chronic refractory osteomyelitis, unresponsive to conventional medical and surgical management; osteoradionecrosis as an adjunct to conventional treatment; soft tissue radionecrosis as an adjunct to conventional treatment; cyanide poisoning; actinomycosis, only as an adjunct to conventional therapy when the disease process is refractory to antibiotics and surgical treatment; diabetic wounds of the lower extremities in patients who meet certain criteria.

The LST course meets the new CMS-mandated educational guidelines for hyperbaric education; it provides the foundation for Physicians, Physician Assistants, Nurse Practitioners, Nurses, Respiratory Therapists, Paramedics, Emergency Medical Technicians, Hyperbaric Technicians, and other clinical professional who are either working in, or planning to enter, the field of Hyperbaric Medicine. The course is a pathway toward achieving professional certification in this growing field.

The Undersea & Hyperbaric Medical Society (UHMS) is the primary source of scientific information for diving and hyperbaric medicine physiology worldwide and functions as the governing body for the industry. Organizations that present UHMS approved courses are rigorously screened and must adhere to strict guidelines and standards.

Physicians (MD and DO) who attend and participate in the entire course are awarded 40 Continuing Medical Education (CME) credits, which are granted by the UHMS. Allied health professionals (including those who are DPM, PhD, NP, PA, EMT, Paramedic, RN, LPN, RT, RRT) who attend and participate in the entire course are awarded 40 Continuing Education Units (CEU), which are granted by the NBDHMT.

For more information see:

American Society of Mechanical Engineers (ASME)

Centers for Medicare and Medicaid Services (CMS)

National Board of Diving & Hyperbaric Medical Technology (NDBHMT)

National Fire Protection Association (NFPA)

Undersea & Hyperbaric Medical Society

About the Life Support Technologies Group (LST)

The Life Support Technologies Group (LST) is a Tarrytown, NY-based medical and life-support / life-safety engineering company specializing in Advanced Wound Care and Hyperbaric Medicine Services to hospitals in the NY-NJ-CT region. LST has been in business for over 20 years and currently provides services to 10 hospitals; clients also include NASA and the U.S. Department of Defense (DoD).

Glenn Butler, CEO

Life Support Technologies Group

(914) 333-8412

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Please visit for everything I.O.U. and be ready for the new FREE album titled Breaking. Our. Mind. Barriers. coming July 10, 2011

Coming July 10, 2011

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I.O.U., the three young gentlemen who will change the world with the lyrics and the music they create.

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