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U.S. workers with less education are less likely to obtain skills training from their employers

Issues in the Knowledge Economy. U.S. workers with less education are less likely to obtain skills training from their employers (Lynch 1992, 1994) One in four U.S. workers say they are under-trained (Leuven & Oosterbeek 1999) Almost 1 in 4 U.S. youth suffer from low literacy skills

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U.S. workers with less education are less likely to obtain skills training from their employers

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  1. Issues in the Knowledge Economy • U.S. workers with less education are less likely to obtain skills training from their employers • (Lynch 1992, 1994) • One in four U.S. workers say they are under-trained • (Leuven & Oosterbeek 1999) • Almost 1 in 4 U.S. youth suffer from low literacy skills • (OECD 1997)

  2. Issues in the Knowledge Economy • More than 1/3 of U.S. employers say >25% of their workers • are not fully proficient in their current job • (EQW NES survey, 1997) • New technologies and greater employee involvement in • problem-solving and decision-making require higher skill • levels of workers (Lynch 2000) • Most workers are already in the workforce and 40% have • only a high school education • U.S. employers are spending $62 billion/year on training • (NAB 2000)

  3. Implications and Possible Consequences . . . • Initial education MUST provide a solid basis on which • workers can build their skills • If current workers are not sufficiently prepared, firms may • find that training costs are too high to bring workers • up to speed (Lynch 2000) • Mid- and late-career workers need access to • technological training • Skill gaps and shortfalls may potentially stall growth • associated with the Knowledge Economy

  4. U.S. Students Lagging Behind Rest of the World in Literacy 16-25 year-olds with low literacy skills: Sweden 3.1% Germany 5.2% Netherlands 6.1% Australia 9.7% Canada 10.4% U.K. 17.8% New Zealand 18.3% United States 24.7% Source: OECD(1997) Literacy Skills for the Knowledge Society

  5. Issues in the Knowledge Economy • More than 1/3 of U.S. employers say >25% of their workers • are not fully proficient in their current job • (EQW NES survey, 1997) • New technologies and greater employee involvement in • problem-solving and decision-making require higher skill • levels of workers (Lynch 2000) • Most workers are already in the workforce and 40% have only • a high school education • U.S. employers are spending $62 billion/year on training • (NAB 2000)

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