One does not have to look very far to see the changes that are taking place in our economy. Globalization and the resulting outsourcing of large segments of our manufacturing base are changing the economic landscape of the United States. If you combine outsourcing with the current exponential rate of technological change, you have a recipe for worker dislocation or underemployment, on a scale never before imagined. We are quickly moving to a point where millions of America workers will not have the formal education, and or technical skills to work in a 21st Century information economy. With the absence of massive intervention, that is aimed at education and retraining, the United States is poised to become economically polarized on an almost medieval scale. As documented in the following article; less education and marketable skill sets is translating into low wage jobs and the creation of a permanent underclass.
For less-educated workers, good jobs will be harder to find
By Tony Pugh | McClatchy Newspapers
WASHINGTON — The steady loss of "good jobs" by less-educated workers has left them more vulnerable to recession than at any time in nearly 30 years, and signs are mounting that a recession is either already here or coming soon.
High-school dropouts and even high-school graduates who lack specialized job training have seen their already limited employment prospects steadily decline during America's decades-long shift from a manufacturing-based economy to a service economy. Read entire article here.