Tags: Reich | Americans | Competitive | jobs

Reich: Making Americans Competitive Again Will Bring Jobs Back to US

Friday, 20 Jul 2012 10:34 AM

The core problem for the U.S. job market is not outsourcing, according to economist and former Secretary of Labor Robert Reich, it is that our country’s large businesses have become disconnected from the well-being of most Americans.

“The American economy has moved way beyond outsourcing abroad or even ‘in-sourcing,’” he wrote in his blog, noting that most large companies headquartered here do not outsource jobs and do not bring jobs here from abroad.

"Forget the debate over outsourcing," Reich said. "The real question is how to make Americans so competitive that all global companies — whether or not headquartered in the United States — will create good jobs in America."

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People in the United States are not being educated well enough to get companies to do more of their high-value added work here.

“Our K-12 school system isn’t nearly up to what it should be,” said Reich, now a professor of public policy at the University of California at Berkeley.

“American students continue to do poorly in math and science relative to students in other advanced countries. Japan, Germany, South Korea, Canada, Australia, Ireland, Sweden and France all top us.”

In order to get good jobs back in this country, Americans must become more competitive, Reich stated. To accomplish this, the United States needs to adopt a national strategy to retool our schools, get more young people through college or give them a first-class technical education and remake our infrastructure.

Doing this, he said, will guarantee “a large share of Americans add significant value to the global economy,” said  Reich, who served in three national administrations.

“Without a government that’s focused on more and better jobs, we’re left with global corporations that don’t give a damn,” he noted.

Earlier this month, the Organization for Economic Cooperation and Development reported that unemployment in advanced economies would remain high until at least the end of next year, Reuters reported, with young people and low-skilled workers bearing bear the brunt of it.

The jobless rate in the 34-country OECD area will be 7.7 percent at the end of 2013. In May, the unemployment rate for the OECD area was 7.9 percent rate, with 48 million people jobless.

Editor's Note: Google Banned This Video But You Can Watch it Here


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