Education - Get It!
In most parts of the country, the first week of June marks the start of summer vacation from school for students from pre-school age to college age. Interestingly the past week's news media contained many reports about various aspects of education. The New York Times had an article entitled "Why is Income Inequality
in America So Pronounced? Consider Education". The first paragraph
stated "The most commonly cited culprits for the income inequality
in America - outsourcing, immigration and the gains of the superrich
- are diversions from the main issue. Instead, the problem is largely
one of (a lack of) education." "Starting about 1950, the relative returns for schooling rose,
and then skyrocketed after 1980. The reason is supply and demand. For
the first time in American history, the current generation is not significantly
more educated than its parents." Another article pointed out that in most of the world, education is
the No. 1 or No. 2 spending priority. In the U.S., education sometimes
lands as far back as fifth place. The economy of the future will not
depend on just physicists and physicians. Technicians, technical workers
and skilled manufacturers will be just as important. While the U.S. is
serving its top performers well in school, it could learn from other
countries to prepare students who are less academically minded for the
work force. In Shanghai, high school students not bound for college are
sent to vocational high schools. One expert said that for businesses
to thrive in the increasingly global economy, they must find workers
who can adapt quickly and think for themselves. "The U.S. needs
to do a better job of teaching young people to think critically." Finally, to prove that education does pay, not only to the workers,
but also the communities, consider the small town Dundee, MI (population
3,522). Global Engine Manufacturing Alliance (GEMA) has two plants in
Dundee, which employ a total of 530 people. To be hired at GEMA, potential
workers had to have a minimum of an associate's degree or five years'
experience. According the GEMA, 44 percent of hourly workers at the two
Dundee plants have at least an associate's degree. Of the salaried workers,
71 percent have at least a bachelor's degree, and 29 percent have a master's
degree. |