By Jeff Knapp
January 10, 2006
A recently completed study of student earnings of those who completed a long-term career program in 2004 at Francis Tuttle Technology Center lends perspective to the economic impact of career and technical education.
Researchers from The Center for Applied Economic Research at Oklahoma State University found that students who completed a Francis Tuttle program in 2004 will have a total earnings impact exceeding $175 million over their expected work life, or more than an additional $150,000 in wages for each individual, when compared to those who only complete a high school education.
Many economic studies have shown that all forms of education have earnings benefits. This study revealed a definable wage increase of 10-15% for entry-level positions, with a one percent faster wage increase per year over those who did not attend Francis Tuttle. The data formula factored in retirement earnings and unearned income, as well as wages. The full report may be viewed at francistuttle.com/impact.
Francis Tuttle provides opportunities to high school students for either the work place or to continue their education, enables adults to advance existing skill levels, offers customized training for business and industry, and trains thousands each year through a wide array of
short-term and
eLearning classes. With more than 40,000 enrollments in 2004-2005, Francis Tuttle served individuals while meeting the demands of employers.
These economic impact figures have direct implications for those living within the District.
Wage earnings produce a cascade effect that economists can predict for specific geographical regions. Part of this includes the monies that workers spend on household goods and services, while a portion benefits patrons through government entities by way of sales and income taxes.
The Francis Tuttle school district is comprised of the entireties of the Crescent, Deer Creek, Edmond, Millwood, Putnam City and Western Heights School Districts - a total of 415 square miles in central Oklahoma!
Francis Tuttle Technology Center is dedicated to advancing economic development in the District. And as the CareerTech founder’s namesake school, Francis Tuttle is proud to be part of Oklahoma’s strong CareerTech system, advancing economic development throughout the state of Oklahoma.