“A national policy to expand vocational training at the expense of higher education is absolutely essential if the United States is going to continue to grow, prosper and remain secure.”- Peter Morici, Professor, Robert H. Smith School Of Business, University of Maryland
Peter Morici is an economist and professor at the Smith School of Business, University of Maryland, and a national columnist. He tweets @pmorici1
Economist Peter Morici takes a look at U.S. Economic performance and concludes:
- The U.S. economy supports many well-paying jobs at the top in technology, industry and finance.
- it creates many more jobs at the bottom for folks that serve the “better off” at restaurants and in health spas,
- it creates hardly enough in the middle- notably production jobs in manufacturing and construction.
“Manufacturing and construction jobs provide some of the best wages for ordinary workers,” according to Morici.
Morici says that “America sends far too many kids to college-especially inexpensive to staff programs in the social sciences and humanities-and many return home after four years heavily in debt but with few career ready skills. “
The issue is not the education- it is the lack of career readiness and lack of marketable skills.
What is Morici’s proposed solution?
“The federal and state governments need to limit student loans and curtail funding at many universities-especially, liberal arts programs enrolling students from the second and third quartiles of high school graduating classes. Those young people and the money supporting their enrollment should be redirected into expanded high school and community college apprenticeship and technical programs, which are currently scarce and terribly underfunded.”
You can read Morici’s full column at the Washington Times here:
Why should YOU consider his solution for your situation?
- Mid skills jobs can find immediate employment;
- There is immediate Return on Investment in Mid Skills Technical Training and Credentials;
- There is no huge overhang of debt for a degree that does not assure employment;
- Solving the “wage inequality problem” is in your hands as a parent, graduating student, or unemployed person looking for work.
Skills pay the bills. Particularly Middle Skills Technical and Production like Precision Machining, Welding, Industrial Maintenance, Quality Control.