Respond to the 2 students.
1. In reviewing the Human Capital Index, which unfortunately I had never heard of, I was interested to learn about what it is intended to measure. Countries are evaluated on their ability to cultivate and position workers in their communities who are healthy, educated and qualified. This index is said to be the best predictor of a nation’s ability to prepare its youth to enter the workforce.
There are four mainstays which are considered: Education, Health/Wellness, Workforce/Employment and Enabling Environment. Out of 122 countries, Finland came in at the top of the rankings, followed by Norway in second and the United States came in under the top twenty at number seventeen. Unfortunately, I believe I am able to link these numbers to our American Values assignment in a very negative way. The United States, although we promote Individualism, Competition and place a large amount of value on the countries future, we also endorse our children watching reality television, aspiring to be a famous model or be a football player for the NFL. Often our values are skewed and our youth is paying the consequences.
This newest report is likely to be a hot topic among the 2016 presidential campaign, as President Obama recently announced his push to structure the education in our country to be stronger at Math, Science, Technology and Engineering skills. These areas are truly the future of the country and we need qualified experts in order to dominant internationally.
Human Capital Report 2015. (2015). Retrieved from http://reports.weforum.org/human-capital-report-2015/
New Index Identifies Countries' Ability to Develop and Nurture Human Capital. (2013, October 1). Retrieved fromhttp://www.weforum.org/news/new-index-identifies-countries-ability-develop-and-nurture-human-capital
2. A nation’s human capital endowment—the skills and capacities that reside in people and that are put to productive use—can be a more important determinant of its long term economic success than virtually any other resource. This resource must be invested in and leveraged efficiently in order for it to generate returns—for the individuals involved as well as an economy as a whole"
First I have to say I was a little surprised that the United States was ranked at 17 with Finland ranked number 1 and Norway number 2.
Finland actually ranked in the top 10 for every age group regarding education and employment yet they still have a higher unemployment rate than the US.
The total population gap between the US and both of these countries is very big. The Quality of Education also caught me by surprise with the US ranking 26th, Norway 14th, and Finland 2nd in the 15-24 age group. Finland and Norway both have higher across the board rankings in education within the 25-54 age group. Could this be because of the high education cost in the US as was outlined in one of the reading this week? More people in the US according to he article Cost of College are forgoing higher education because of the cost. These educational concerns are also a concern regarding the future labor force within the United States. We hear so often that there is not enough qualified works for certain jobs - is this the reason? What about the quality of an education?
|Due By (Pacific Time)
||10/24/2015 12:00 am