Unformatted text preview: -As the economy changes, the skills needed to work in the economy changes (at times very rapidly)-Institutional lag: the changes in education are not changing as fast as the economy-Two consequences: 1. You have a lot of high-end jobs (typically works with a computer and any job with a computer can be done anywhere in the world because the internet makes that possible) that are not being filled (don’t have the knowledge or skills needed), international workers are being brought in to fill the jobs (they have the knowledge & skills), the jobs are being outsourced. 2. The majority of people who graduate from high school (not us though; college students are the cream of the crop) do not typically have the knowledge and skills that will get them a high-end job...
View Full Document
- Spring '08