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ERIC Number: ED311303
Record Type: RIE
Publication Date: 1989-Oct
Pages: 70
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
New Limits to Growth. Economic Transformation and Occupational Education.
Vaughan, Roger J.
The roles played by occupational education in the U.S. economy are changing. Because of the growing demand for and shrinking supply of skilled workers, economic success--of the nation and of individual members of the work force--is increasingly tied to educational and occupational attainments. Unless the nation increases its investment in educating and training noncollege-bound students, it faces two grave risks: overall economic growth will slow and unskilled workers will suffer diminishing economic prospects. The nation's economic success in the coming decades will depend on how well it meets, with investments in human capital in the classroom or on the job, the following imperatives that are raising the demand for skilled workers: (1) the technological imperative; (2) the trade expansion imperative; and (3) the entrepreneurial imperative. Occupational education is a way to get a job, leads to on-the-job training, leads to careers, fosters entrepreneurship, is an avenue to opportunity for the economically disadvantaged, and increases the flexibility of the economy by retooling the work force when existing skills and industries become obsolete. Annual U.S. investments in human capital already equal its investments in plants and equipment and exceed any other nation's. Education and training institutions--not Wall Street bankers--will be responsible for making most of the nation's productive investments. (CML)
NCRVE Materials Distribution Service, Western Illinois University, 46 Horrabin Hall, Macomb, IL 61455 (Order No. MDS-016: $5.50).
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Office of Vocational and Adult Education (ED), Washington, DC.
Authoring Institution: National Center for Research in Vocational Education, Berkeley, CA.