Transition of Economy Changes

1079 Words5 Pages
The ability of producing highly talented human capital that can adapt to the changing economic environment is one of the main components of maintaining prosperity in United States. “Today’s organizations place a high value on flexibility and agility, allowing them to sense and respond to changes in the market, technology, or the economy” (Nielson 65). The workforce is responsible for producing high quality goods and services that offer current and future needs of their target groups. The economic shifted from industrial to knowledge-based, which is not only driven by expansion of technology, globalization, and innovation, but how we should restructure our education programs so that future workers can become accustomed to this transition. “Economic developers have long acknowledged that they cannot afford to settle for mediocre performance in the K-12 sector” (EDA 2005). Therefore, it would be counterproductive to undermine the importance of utilizing education institutions as a tool for improving our workforce system and strengthening our economy. Such transition of the economy requires workers to get more training and use much more brainpower than was required during previous era. This transformation is, also, expanding globalization, and for this reason prompting United States to depend on international resources and compete with other countries for high quality goods, services and skilled workers. Unfortunately, our government has not been effective in monitoring such changes of our economy and implementing an effective policy that will prevent further crisis. “According to the Department of Labor’s Bureau of Labor Statistics, by the year 2014, 36 million people are expected to leave their jobs and will need to be replaced” (K... ... middle of paper ... ... disabled workers qualifications of handling high level courses or working in highly technical fields. The government, education institutions, and businesses must understand that increasing education and job opportunities for disadvantaged groups positively correlate with their ambition for economic prosperity. Since we are experiencing large deficits, many political leaders proposed or enacted cuts certain programs, but failed to understand that these cuts on education can produce a devastating effect on the country’s wealth and national security. New Jersey is one state that, recently, created a blueprint on redesigning secondary curriculums that included local business leaders to serve on the committee. I intend to look at whether their proposal of implementing knowledge based skills in their curriculum match the needs of 21st century industries in New Jersey.
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