
Economic Progress
How the US can tackle unemployment
If the US doesn't implement far-reaching measures to expand opportunities for education and reskilling, severe skilled-labor shortages will cripple the economy.
Laura Tyson, a former chair of the US President's Council of Economic Advisers, is a professor at the Haas School of Business at the University of California, Berkeley, and a senior adviser at the Rock Creek Group.
If the US doesn't implement far-reaching measures to expand opportunities for education and reskilling, severe skilled-labor shortages will cripple the economy.
As governments assess their external balances and competitive positions, they need to look beyond manufacturing and agriculture.
Entire education systems need to change, and fast, to prepare workers for the jobs of the future.