"The ability to make things in America is at risk," says Jeannine Kunz, director of professional development for the Society of Manufacturing Engineers in Dearborn, Michigan. If the skilled-labor shortage persists, she fears, "hundreds of thousands of jobs will go unfilled by 2021."
The shortage of industrial skills points to a wide gap between the American education system and the demands of the world economy. For decades, Americans have been told that the future lies in high-end services, such as law, and "creative" professions, such as software-writing and systems design. This has led many pundits to think that the only real way to improve opportunities for the country's middle class is to increase its access to higher education.
That attitude is a relic of the post–World War II era, a time when a college education almost guaranteed you a good job. These days, the returns on higher education, particularly on higher education gained outside the elite schools, are declining, as they have been for about a decade.
The shortage of industrial skills points to a wide gap between the American education system and the demands of the world economy. For decades, Americans have been told that the future lies in high-end services, such as law, and "creative" professions, such as software-writing and systems design. This has led many pundits to think that the only real way to improve opportunities for the country's middle class is to increase its access to higher education.
That attitude is a relic of the post–World War II era, a time when a college education almost guaranteed you a good job. These days, the returns on higher education, particularly on higher education gained outside the elite schools, are declining, as they have been for about a decade.
Hattip to Smallestminority, who recalls this from 1974:
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