As I mentioned in
my minor blog (link to minor blog), the topic of the economy was the most
compelling of all in the readings - more specifically and productivity of the
economy. I feel it is only appropriate to draw upon the recent United States presidential
election that just place as my fellow classmates; afcallaghan and
PEARLSGLITTERANDPOLISH did
so, although in a different manner.
As many of us
know, the economy was one of the top issues during the most recent US
presidential election. It was
interesting to hear the kind of numbers being called out during talk about the
deficits. During the second presidential debate moderator
Candy Crowley brought up the question about shipping jobs overseas,
specifically to China. Barrack Obama’s response about continuing to develop the
educational system to educate the current and upcoming generation was an
intelligent response. To me he understands what adaptation means in relation to
ongoing capacity of technological advancements.
Manuel Castels
(2005) writes about the three processes that researchers have
associated with productivity growth in this period. One was the diffusion of new microelectronic/digital
technologies. The second was the transformation of labor, with the growth of
highly educated individuals. The third was the diffusion of new forms of
organization around networking.
The second about
the transformation of the labor force to me is the most essential of all. The
generic labor force is becoming obsolete in our economy (Castels, p. 10), as
China has found a way to compete by substantially increasing production levels at a lower price of labor. Electronic factory jobs are a great example of
the before mentioned. It is rare to see mass production of electronics
factories in the US and Canada. Although the down fall of these jobs being
moved overseas have been the allowance of poor worker conditions, something
that would in a sense would never go unnoticed In the US or Canada.
In order to
compete and be on top I agree that the education system is the key to doing so.Ruty224 , posted a video in her minor blog that mentions that we
live in an exponential era, resulting in the top 10 in-demand jobs in 2010, not existing in 2004. The education system is the backbone of a country's educated
population. If a country is able to figure out a way to keep its population
educated in line with current network society that we live in, then factory
jobs being shipped overseas can become a thing of the past as new industries
creating new jobs will continue to flourish.