retail news in context, analysis with attitude

The Los Angeles Times reports on a new Anderson Forecast from the University of California at Los Angeles (UCLA) saying that "the country's tepid growth in its gross domestic product isn't creating enough good jobs to build a strong middle class ... Real GDP growth - the value of goods and services produced after adjusting for inflation - is 15.4% below the 3% growth trend of past recoveries, wrote Edward Leamer, director of the UCLA Anderson Forecast. More robust growth will be necessary to bring this recovery in line with previous ones.

"That has long-term implications in the face of technological advancements that continue displacing workers, Leamer said. And the country's education system isn't adequately developing the workforce of the future, he said. 'Regrettably we reward teachers if their students can regurgitate the information on standardized tests,' he wrote. Future workers will need creative and analytical thinking skills for 21st century jobs, he said."
KC's View:
Along these same lines when talking about how education has to change, I would refer you to a Ted talk by Jeff Jarvis that you can watch here. If you are work or around children, be warned - there is the occasional use of a word that might be considered profane. But it is worth it.