(Bloomberg Business) -- Mountains of student debt, flatteningwages, and a tough job market have made many people questionwhether ever-pricey college degrees still lead to good jobs.The answer is yes: Job opportunities for college-educated workershave never been greater, according to a new report.

The report, published Monday by Georgetown University'sCenter on Education & the Workforce, found thatfrom 1967 to 2007, the share of high-skill managementand professional jobs rose 14 percent and that thosejobs represent 35 percent of all U.S. jobs. The results belieone widely held belief about the economy: that over the lastfour decades, lucrative jobs have disappeared and beenreplaced by high numbers of low-skill, low- wageservice jobs. In fact, over the same period, opportunities forlow-skill workers declined 10 percent. These low-skill laborroles, such as fast-food server, retail worker,and dishwasher, now make up only 29 percent of jobs.

To arrive at their conclusions, Georgetown's Anthony Carnevaleand Stephen Rose examined data from the U.S. Census Bureaushowing hourly earnings from 1973 to 2007. Thenumbers show that, contrary to the pessimistic views of some,college- educated workers are in significantly more demand todaythan they were a couple decades ago.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.