Monday, March 6, 2017

The Fall Of Manufacturing And Rise Of Technology Makes Lifelong Education More Important - Rick Levin, Forbes

President Trump has sounded a note that resonates with many Americans: good middle class jobs are disappearing. He’s right. Adjusted for inflation, the incomes of the bottom 60% of the income distribution are not much higher today than they were 30 years ago. President Trump blames globalization, and in particular the liberalization of trade which has allowed manufacturing jobs to migrate overseas. But the stagnation of incomes for most Americans is not primarily attributable to the loss of jobs in manufacturing. It is new technology — in particular the growing and now ubiquitous use of computers — that has widened the wage gap between higher and lower skilled jobs — not simply in manufacturing, but in the service sector as well. Some of the most in-demand jobs require training in cybersecurity, computer systems operations, web development, data analytics, data science, and digital marketing.

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