Having digested Georgetown CEW’s most recent publication, I wanted to post a few quick summary notes. This report may stand as a milestone in our understanding of how well education coordinates, and interacts with the specifications of industry. Basically, the CEW sounds the alarm that the US is on track to underproducing 3 million jobs. We are listening.
This post is meant to get started in grasping their news. I am still very focused on understanding the introduction… Here are my opening notes on the report’s messages.
Preface: the report sets out to provide a detailed forecast of jobs and their education requirements for 2 reasons:
1) the ability of individuals to connect education, training & careers has become key to employability and to training and maintaining middle class status.
2) in spite of its growing importance, an ability to match education alternatives with career options is woefully underdeveloped.
Further-the US. is unable to help people match their educational preparation with their career ambitions, not because it cannot be done but because it simply is not being done. All the information required to align port secondary educational choices with careers is available, but unused.
Poor forecasts on job growth contribute to misinformed educational choices and career plans of individuals and their counsellors.
Educational and career planning need to catch up and adjust to this new reality.
As CEO of this tiny firm, I am pleased to see our own analysis echoed by professionals in academia. Having observed the matriculation paths of thousands of students from the perspective of college educator, I believe that the efficiency lost in translating education to employment is diminishing the overall competitiveness of US firms, and those around the world. I am not a fan of highly controlled, state-mediated education and employment (as some European and Asian governments still come to grips with this problem, despite state-run post-secondary education).
However, we believe that a data-intensive, personalized means to intermediate university students and employers seeking to employ them, is a mandate. We remain amazed at the paralysis of the current administration to address these issues as the current crop of US graduates, perhaps the best-trained in US history, withers on the vine. To observers of this administration, it is clear that public-sector efforts to simulate employment are acting without synergy of employers and students.
As we all know well, the private sector will need to respond, with vigor, to assisting people and firms with their needs.