Less Demand For 20th Century Skills
You went to school – probably years ago – to get a good education. That education provided the basic stepping stones for you to move forward in life and support yourself in some economic endeavor – commonly called “a job”. You were taught English (and perhaps a second language), arithmetic, chemistry, history, and probably some electives to become a “well rounded” student. After grade school, an individual could enroll in a college or university, where subject matter became more specialized and pertinent to real-world job requirements.Â
From 1950 to about 1980, our economy was mostly manufacturing-based, with the automobile industry being the largest manufacturers. In Detroit, General Motors, Ford, and Chrysler were behemoths, employing hundreds of thousands of workers in their own factories. Many thousands more worked for supplier firms throughout the United States. The jobs ranged from blue-collar machine operators and assemblers to engineers and management teams. While auto manufacturers were the backbone of the economy, thousands of other types of manufacturing businesses provided employment. It is said that for every manufacturing job, seven others were created in other businesses to support the manufacturing sector.
Education For Century Workforce
Other sectors in the economy provided employment as well, with wage scales and union contracts that took their lead from the wages and benefits in the auto industry. But while many of jobs didn’t pay as well as those in manufacturing, wage and benefits increased steadily across most sectors, led by increases enjoyed by auto workers. Public schools throughout the
country were the first step in the process that provided an educated workforce, and education in reading writing and arithmetic was more than sufficient to gain entry into a job that would enable a worker to support a family. Subjects such as finance and business administration were relegated to institutions of higher learning and for the most part were not part of public school education.
Beginning around 1980, the structure of the economy began to change, when a small number of manufacturers found sources of supply outside the United States. This was the beginning of outsourcing – a practice whereby products could be purchased elsewhere at a cost lower than domestic companies could themselves manufacture them. What began as a trickle in the early 1980s developed into a flood, leading to the decimation of domestic manufacturing operations. Companies that formerly employed thousands of workers no longer needed as many workers as they had formally employed.
Older Workers Need Re-Education To Earn Income
Have you been impacted by the changing economy? Have you lost a job, been downsized, laid off, your skills no longer in demand? : In today’s economy, you need to know how to make money without depending on a job, a boss, or a paycheck. If you’d like to learn a skill that you can use to make money by trading, let me teach you – but I need to caution you that trading is not easy. You need to study, practice, and gain experience. If you were learning to become a doctor or lawyer, there’s a lot more involved than simply reading about it. You’d have to practice to perfect your skills – and so it is with trading – but if you become successful, you’ll find trading to be the most valuable skill you have.Â
