MyNotes - How to Restore the American Dream

A fellow tech director in a smaller school district in Texas and I were chatting, and he started sharing how technology must be used to re-construct how we approach schooling. Of course, he cited Good to Great as well as Disrupting Class. He started pointing out the following from Jack Welch, cited in Fareed Zakaria's article in TIME magazine, which is pretty sobering....


Jack Welch, former CEO of GE, states:
  1. Technology has produced massive efficiencies over the past decade.
  2. Technology has changed the game in jobs. We had technology bumping around for years in the 80s and 90s and we were trying to make it work. And now it it’s working…You couple the habits of efficiency from a deep recession with an exponential increase in technology, and you are not going to see jobs in a long, long time.
  3. Private equity firm in 2007 generated $12 billion in revenue with 26,000 employees. It will return to those numbers by 2013 but with only 14,000 employees.
  4. Companies have learned to do more with less.

The most telling point is #3...simply the jobs won't be there because the technology has made them unnecessary. My friend drew comparisons between schools and businesses, and how the former must change.

Fareed's points below are hard-hitting. I encourage you to read the full article on How to Restore the American Dream.




How to Restore the American Dream By Fareed Zakaria
the U.S. looked like a shining city on a hill.
The modern American Dream, for me, was this general prosperity and well-being for the average person.
Americans had a sunny attitude toward life that was utterly refreshing.
in the U.S., the mood is sour. Americans are glum, dispirited and angry. The middle class, in particular, feels under assault. In a Newsweek poll in September, 63% of Americans said they did not th...
Americans
fear that we are in the midst of not a cyclical downturn but a structural shift
Jack Welch explained the process succinctly on CNBC last September. "Technology has changed the game in jobs," he said. "We had technology bumping around for years in the '80s and '90s, and [we wer...
Technology and globalization are working together at warp speed, creating a powerful new reality. Many more goods and services can now be produced anywhere on the globe. China and India have added ...
In a now famous essay in Foreign Affairs, he argues that while we recognize the pressures placed on manufacturing jobs by international competition, technology ensures that service jobs are now sim...
. People who get paid a decent wage for skilled but routine work in manufacturing or services are getting squeezed by a pincer movement of technology and globalization.
job growth divides neatly into three categories. On one side are managerial, professional and technical occupations, held by highly educated workers who are comfortable in the global economy. Jobs ...
In between are the skilled manual workers and those in white collar operations like sales and office management. These jobs represent the beating heart of the middle class. Those in them make a dec...
technology, followed by global competition, has played the largest role in making less valuable the routine tasks that once epitomized middle-class work.
You cannot shut down this new world.
Local, state and federal governments obliged, taking on massive debts. A generation's worth of economic growth has been generated by an unsustainable expansion of borrowing.
People everywhere — from California to New Jersey — wanted less taxes but more government.
Ultimately American jobs are created from the bottom up by companies, not from the top down by government fiat. But there are measures we can take that will encourage the process.
This means large investments in research, technology and development.
The only good jobs that will stay in the U.S. are jobs related to knowledge and innovation.
Shift from consumption to investment.
Training and education. "Most jobs that will have good prospects in the future will be complicated," says Louis Gerstner, the former CEO of American Express and IBM. "They will involve being able t...
Fiscal sanity.
We need a radical rebalancing of American government so it can free up resources to fund future growth.
Benchmark, benchmark, benchmark. There is now global competition for growth, which means the U.S. has to constantly ask itself what other countries are doing well and how it might adapt




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Comments

Jim Walker said…
As a special educator I have seen this coming for the last couple of years. It is difficult enough for a high school grad to get job, much less someone who has cognitive or social issues. The very jobs these people do well in, low skill and routine, are gone to third world countries. The service type of jobs are often taken by immigrants. Instead of spending months getting these students ready to take the state mandated graduating test (which many will not pass), they need to spend that time focused on learning skills that will get them an entry level job.

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