Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast - Video - 28th Mar 20
The Great Coronavirus Depression - Things Are Going to Change. Here’s What We Should Do - 28th Mar 20
One of the Biggest Stock Market Short Covering Rallies in History May Be Imminent - 28th Mar 20
The Fed, the Coronavirus and Investing - 28th Mar 20
Women’s Fashion Trends in the UK this 2020 - 28th Mar 20
The Last Minsky Financial Snowflake Has Fallen – What Now? - 28th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast Into End April 2020 - 28th Mar 20
DJIA Coronavirus Stock Market Technical Trend Analysis - 27th Mar 20
US and UK Case Fatality Rate Forecast for End April 2020 - 27th Mar 20
US Stock Market Upswing Meets Employment Data - 27th Mar 20
Will the Fed Going Nuclear Help the Economy and Gold? - 27th Mar 20
What you need to know about the impact of inflation - 27th Mar 20
CoronaVirus Herd Immunity, Flattening the Curve and Case Fatality Rate Analysis - 27th Mar 20
NHS Hospitals Before Coronavirus Tsunami Hits (Sheffield), STAY INDOORS FINAL WARNING! - 27th Mar 20
CoronaVirus Curve, Stock Market Crash, and Mortgage Massacre - 27th Mar 20
Finding an Expert Car Accident Lawyer - 27th Mar 20
We Are Facing a Depression, Not a Recession - 26th Mar 20
US Housing Real Estate Market Concern - 26th Mar 20
Covid-19 Pandemic Affecting Bitcoin - 26th Mar 20
Italy Coronavirus Case Fataility Rate and Infections Trend Analysis - 26th Mar 20
Why Is Online Gambling Becoming More Popular? - 26th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock Markets CRASH! - 26th Mar 20
CoronaVirus Herd Immunity and Flattening the Curve - 25th Mar 20
Coronavirus Lesson #1 for Investors: Beware Predictions of Stock Market Bottoms - 25th Mar 20
CoronaVirus Stock Market Trend Implications - 25th Mar 20
Pandemonium in Precious Metals Market as Fear Gives Way to Command Economy - 25th Mar 20
Pandemics and Gold - 25th Mar 20
UK Coronavirus Hotspots - Cities with Highest Risks of Getting Infected - 25th Mar 20
WARNING US Coronavirus Infections and Deaths Going Ballistic! - 24th Mar 20
Coronavirus Crisis - Weeks Where Decades Happen - 24th Mar 20
Industry Trends: Online Casinos & Online Slots Game Market Analysis - 24th Mar 20
Five Amazingly High-Tech Products Just on the Market that You Should Check Out - 24th Mar 20
UK Coronavirus WARNING - Infections Trend Trajectory Worse than Italy - 24th Mar 20
Rick Rule: 'A Different Phrase for Stocks Bear Market Is Sale' - 24th Mar 20
Stock Market Minor Cycle Bounce - 24th Mar 20
Gold’s century - While stocks dominated headlines, gold quietly performed - 24th Mar 20
Big Tech Is Now On The Offensive Against The Coronavirus - 24th Mar 20
Socialism at Its Finest after Fed’s Bazooka Fails - 24th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock and Financial Markets CRASH! - 23rd Mar 20
Will Trump’s Free Cash Help the Economy and Gold Market? - 23rd Mar 20
Coronavirus Clarifies Priorities - 23rd Mar 20
Could the Coronavirus Cause the Next ‘Arab Spring’? - 23rd Mar 20
Concerned About The US Real Estate Market? Us Too! - 23rd Mar 20
Gold Stocks Peak Bleak? - 22nd Mar 20
UK Supermarkets Coronavirus Panic Buying, Empty Tesco Shelves, Stock Piling, Hoarding Preppers - 22nd Mar 20
US Coronavirus Infections and Deaths Going Ballistic as Government Start to Ramp Up Testing - 21st Mar 20
Your Investment Portfolio for the Next Decade—Fix It with the “Anti-Stock” - 21st Mar 20
CORONA HOAX: This Is Almost Completely Contrived and Here’s Proof - 21st Mar 20
Gold-Silver Ratio Tops 100; Silver Headed For Sub-$10 - 21st Mar 20
Coronavirus - Don’t Ask, Don’t Test - 21st Mar 20
Napag and Napag Trading Best Petroleum & Crude Oil Company - 21st Mar 20
UK Coronavirus Infections Trend Trajectory Worse than Italy - Government PANICs! Sterling Crashes! - 20th Mar 20
UK Critical Care Nurse Cries at Empty SuperMarket Shelves, Coronavirus Panic Buying Stockpiling - 20th Mar 20
Coronavirus Is Not an Emergency. It’s a War - 20th Mar 20
Why You Should Invest in the $5 Gold Coin - 20th Mar 20
Four Key Stock Market Questions To This Coronavirus Crisis Everyone is Asking - 20th Mar 20
Gold to Silver Ratio’s Breakout – Like a Hot Knife Through Butter - 20th Mar 20
The Coronavirus Contraction - Only Cooperation Can Defeat Impending Global Crisis - 20th Mar 20
Is This What Peak Market Fear Looks Like? - 20th Mar 20
Alessandro De Dorides - Business Consultant - 20th Mar 20
Why a Second Depression is Possible but Not Likely - 20th Mar 20

Market Oracle FREE Newsletter

Coronavirus-bear-market-2020-analysis

How We Can Fix State Education and the U.S. Economy

Politics / Educating Children Jul 31, 2013 - 03:55 PM GMT

By: Money_Morning

Politics

David Zeiler writes: One of the biggest threats to the future of the U.S. economy is that more and more of the U.S. workforce lacks the skills needed to fill the jobs being created in the 21st century.

Last year, a survey by ManpowerGroup found that 49% of U.S. employers are struggling to fill essential jobs, because they can’t find workers with the proper skills.


Amazingly, there are 3.8 million job vacancies in the U.S. Yet the Bureau of Labor Statistics says there are 11.8 million Americans looking for work and the U.S. unemployment rate is an unacceptably high 7.6%.

The crisis is having an adverse effect on individuals, communities, and businesses as well as the U.S. economy as a whole.

That’s why improving education is one of the themes President Barack Obama is focusing on in his series of speeches on the U.S. economy this summer.

“Technology and global competition, they’re not going away,” the president said at a speech last week at Knox College in Galesburg, IL. One of the cornerstones of a strong middle class, he added, is “an education that prepares our children and our workers for the global competition that they’re going to face.”

But it’s going to take more than talk to fix this problem.

Ed Rust, chairman of the U.S. Chamber of Commerce and CEO of State Farm Mutual Insurance, noted in a recent speech that little has been done about the disconnect between the U.S education system and in-demand job skills since the issue was first brought to light in the 1983 report “A Nation at Risk.”

“Thirty years later, our country is still at risk. There’s an ever-widening skills gap,” Rust said. “Learning has never been so important.”

A major re-think of U.S. educational systems, from kindergarten all the way through college, is long overdue. Unfortunately, the kinds of changes that would go a long way toward producing American workers with globally competitive skills are not being properly addressed.

The U.S. Economy Needs to Adapt to Global Changes

The days when the U.S. economy dominated the world are already over. Other nations, particularly in Asia and especially China, have growing middle classes that are increasingly educated and possess the skills needed to compete in the global economy.

Throughout the world, workers with higher skills are in more demand, while low-skilled workers continue to lose their jobs to automation.

Having the more advanced skills that are in demand is increasingly a matter not just of getting ahead, but of sheer survival.

And at the moment, the situation looks grim for the U.S. economy.

The most recent test results of the Organization for Economic Cooperation and Development’s (OECD) Program for International Student Assessment (PISA) ranked U.S. 15-year olds 17th in reading, 23rd in science and 31st in math matched with other countries.

Those aren’t the rankings of a global economic leader.

Most embarrassingly, the U.S. did rank first in one category – spending per student. When all levels of education are included, the U.S. spends $15,171 per student per year.

That means Democrats have it wrong when they say we need more “investment in education.” Throwing money at the problem isn’t working.

On the other side of the aisle, some Republicans, such as Texas Gov. Rick Perry, would like to eliminate the Department of Education altogether. That’s unlikely to help much, either.

What Should Be Done to Fix Education

While Washington is good for little more than the usual hand-wringing, other groups have studied this issue extensively and have come up with many practical ideas that would at least get U.S. education moving in the right direction.

One is the OECD, which offered some analysis in its “Education at a Glance 2013” report.

Rather than debate spending levels on education, OECD Secretary General Angel Gurria wrote, governments are better served by focusing on how the money is spent, and, even more importantly, on policies that “improve the efficiency and relevance of the education they provide.”

Gurria said the OECD’s studies have shown the countries that excel in education tend to emphasize not just foundation subjects such as math and reading, but “soft skills” like teamwork, communication and negotiation. They also work toward reducing dropout rates, teach the skills needed in the labor market at the secondary level, and develop vocational training for those less suited for college.

Similar ideas have been developed by StudentsFirst, a Sacrament, CA-based education reform advocacy group founded in 2010 by former Chancellor of DC Public Schools Michelle Rhee.

StudentsFirst has a very detailed policy agenda that revolves around the basic themes of getting the best teachers possible in the public schools regardless of where those schoolos are located, spending public money more wisely (on educational tools and programs rather than bureaucracy) and increasing parental and community involvement.

And Sajan George, the founder of Matchbook Learning, has developed a “blended” educational model that combines technology like netbooks, multi-media and personalized content with a traditional classroom where students learn alongside peers from a teacher.

The traditional side “leverages a physical teacher’s passion, presence, judgment and intuition,” George told Fast Company, while “the online curriculum can track, monitor, and adjust learning paths for each student, providing real-time feedback to the teacher on where and how to intervene with struggling students, as well as students that are progressing.”

Sadly, despite all the great ideas being developed by smart and daring educators throughout the country, getting change to occur at the federal and state level won’t be easy, as educational bureaucracies tend to resist change.

But the longer we wait to act on these ideas, the further the American workforce will fall behind the rest of the world, endangering the U.S. economy and putting Americans at a competitive disadvantage.

Here’s more on why employers can’t find people to fill critical jobs despite a chronically high unemployment rate.

Source :http://moneymorning.com/2013/07/30/how-we-can-fix-education-and-the-u-s-economy-too/

Money Morning/The Money Map Report

©2013 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules