Without a well-trained, well-paid, continuously improving workforce, the United States cannot compete with other nations effectively — and won’t be able to sustain high and rising living standards. Yet at all levels of the economy, people behave as if they don’t believe that. Consider these facts:
- Firms value short-term profits over investment in workers.
- Federal policy makers fail to address high, persistent unemployment and underemployment.
- Most people’s wages have stagnated for three decades, despite gains in prod.....