US falling behind

T

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http://www.forbes.com/markets/feeds/afx/2007/09/24/afx4149714.html

MILLIONAIRES said:
WASHINGTON (Thomson Financial) - Demand for highly educated workers has been rising fast in the US economy, Federal Reserve Chairman Ben Bernanke said today, but 'the supply of educated workers has not kept pace with demand,' causing more income inequality.

Bernanke made no references to monetary policy or current economic conditions in his prepared speech to a US Chamber of Commerce education and workforce conference. The Fed released his text to reporters.

While the US education system made great progress in raising the percentage of the population with high-school and college degrees during the 1970s and 1980's, Bernanke said progress has stalled since.

But while the educational progress stagnated, two major trends, the advance of information technology and the globalization of production, have increased the demand for educated workers, 'thus generating an increasing salary premium for education,' according to the Fed chairman's analysis.

As he has before, Bernanke called for more life-long education, including better education and re-training programs for people who lose their jobs because of technological change and globalization.

As the baby-boom generation retires, Bernanke also said the US will need the productivity boost provided by more educated workers because there will be a smaller workforce supporting more retirees.

Over the last twenty years, he said, continued improvement in the education and experience of the US labor force accounted for 0.4 percentage point per year in productivity growth.

dennis.moore@thomson.com

dem/wash/jlc

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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More millionaires than ever before. :clink:
 
Topspin said:
and why's this a bad thing
more reason than ever to go to college
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Carefull there. I agree with you in principle but keep in mind, not everyone is college material. I think that it's in our nations best interest that not one person who is qualified for a college education should be denied that oppurtunity. Ditto for graduate and professional education.

But we can't dilute the quality of our academic institutions to make sure everyone has that oppurtunity as everyone just doesn't have the ability to obtain a liberal arts education at a baccaluareate or graduate level.

For those whom a liberal arts education may not be the best path, then we need to focus on skills training in marketable skills in IT, electronics, the traditional trades, CNC machining, Tech trades like stereolithography, etc.

The key to success in our modern world is not neccessarily having a liberal arts education. Though that certainly helps. It's having a marketable skill or trade.
 
Mottleydude said:
Carefull there. I agree with you in principle but keep in mind, not everyone is college material. I think that it's in our nations best interest that not one person who is qualified for a college education should be denied that oppurtunity. Ditto for graduate and professional education.

But we can't dilute the quality of our academic institutions to make sure everyone has that oppurtunity as everyone just doesn't have the ability to obtain a liberal arts education at a baccaluareate or graduate level.

For those whom a liberal arts education may not be the best path, then we need to focus on skills training in marketable skills in IT, electronics, the traditional trades, CNC machining, Tech trades like stereolithography, etc.

The key to success in our modern world is not neccessarily having a liberal arts education. Though that certainly helps. It's having a marketable skill or trade.
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Your whole condescending attitude towards "trade skills" is a bit offputting. Liberal arts majors are for stupid people and women.
 
Mottley, 100% agreed
obviously not everyone can hack college, we've got a couple on this thread that wouldn't have a chance.
For them vastly increased trades school, we need welders, auto mechanics and computer techs big time.:clink:
 
AssHatZombie said:
Your whole condescending attitude towards "trade skills" is a bit offputting. Liberal arts majors are for stupid people and women.
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See Top. Here's a perfect example of someone who couldn't hack it in a Liberal Arts school. Hell.....he doesn't even know what that is. Problem is with low potential people like Ass Hat. Are there ANY marketable skills you could teach them?
 
he prob can go to a community college where he can get remedial english math and bookeeping and move up at office depot from managing the envelope isle to office printers or some similar type progression.
 
Mottleydude said:
See Top. Here's a perfect example of someone who couldn't hack it in a Liberal Arts school. Hell.....he doesn't even know what that is. Problem is with low potential people like Ass Hat. Are there ANY marketable skills you could teach them?
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My mother's put over 100,000 dollars into a liberal arts degree that hasn't helped her in the job market. She's about as good off as I am.

The only thing a liberal arts degree is really good for is transferring to law school.
 
notice the decrease in foreign students studying at us educational institutions and the decrease in us of a students studying math and science

notice the increase in h1b visas to import cheaper workers in the science fields

wtf
 
usc you don't have the time in the system to qualify as a relevant observation.
Our colleges are way better. To bad you've never been in one.
 
Umm Over that last 6 months or so I have posted several articles by professionals that were more qualified than either of us spinner.

What do I need college now for ? I am secure.
So yep too bad isn't it :D

Think I will go bowling .
 
you should go bowling
you scrounge for some loser article putting us down. LOFL
We have by far the best colleges, economy, and liesure life.
Heck even our fat, dump and happy do good. Have fun at the alley
 
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