New California brain drain

Despite skyrocketing unemployment rates this year, California will face a potential shortage of college-educated workers over the next two decades, researchers say in a study released today.Susan Abram in the Daily News.

The high cost of housing is driving job-seekers away from California, causing the gap to widen between educated workers and employers, according to the Public Policy Institute of California.

Researchers say 4 in 10 California workers will need a bachelor's degree to meet the state's projected economic demand by the year 2025.

But that likely won't happen, said economist Deborah Reed, author of the PPIC study. Reed looked at recent Census figures and labor statistics to make the study's conclusions.