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Education for the Third Industrial Revolution

Author

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  • Alan S. Blinder

    (Princeton University)

Abstract

At the risk of sounding like a crass economist, I want to assert at the outset that one major purpose of the K-12 educational system is vocational in the broad sense. Specifically, the K-12 system is a mechanism for preparing cadres of 18-year-olds (many of whom will get some higher education first) to perform the tasks needed and remunerated by the U.S. job market (or of being easily trained to do so). To be sure, this narrowly economic purpose of mass public education is not the only reason to educate America's youth; an educated citizenry presumably has other social benefits as well. But I believe it is an important purpose and, in any case, it is the perspective that guides this essay. Any reader who does not accept this initial premise can stop reading right now. My second, and much more controversial, premise is that the needs of the U.S. economy are changing (that's not the controversial part) in ways that are at least somewhat predictable (that is the controversial part). To be sure, I am not foolish enough to believe that we can predict in detail the mix of jobs that will be available in the United States in, say, 2028 or 2038 and then fine-tune the educational system to meet those demands. But I think at least two broad trends are clearly foreseeable.

Suggested Citation

  • Alan S. Blinder, 2008. "Education for the Third Industrial Revolution," Working Papers 1047, Princeton University, Department of Economics, Center for Economic Policy Studies..
  • Handle: RePEc:pri:cepsud:163
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    File URL: https://gceps.princeton.edu/wp-content/uploads/2017/01/163blinder.pdf
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    Citations

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    Cited by:

    1. Ashok Bardhan & Daniel L. Hicks & Dwight Jaffee, 2013. "How responsive is higher education? The linkages between higher education and the labour market," Applied Economics, Taylor & Francis Journals, vol. 45(10), pages 1239-1256, April.
    2. Iryna Kalenyuk & Liudmyla Tsymbal & Maiia Fedyshyn, 2019. "Methodical Principles of Estimation of Intellectual Leadership of the Global Economy Actors," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 74-87.
    3. Petre Prisecaru, 2016. "Challenges of the Fourth Industrial Revolution," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(1), pages 57-62, March.

    More about this item

    Keywords

    United States;

    JEL classification:

    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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