New York Times,Oct. 21, 2008 Page A24:
Amy Laiken of Chicago wrote to the editor in reference to the millions of lower income folks who cannot climb up the ladder to the middle class economic status because the ladder's rung have been sawed by stagnating wages and high costs. In order to revive the concept of upward mobility, policy makers in the next administration need to propose structural changes to help the less fortunate folks in America. The same observation has been made by three Georgetown University professors in their article published by the Washington Post on Sunday,Outlook section,October 19, 2008. I sent my blog to the same with my comments from my published works as follows:
1. Congressional Record,July 18, 1974: The Future of Community Colleges. Should be available at the Library of Congress. www.loc.gov
2. Keys for Economic Understanding. 1971 www.Amazon.com for apprenticeship programs. Published in USA and in UK.
3. Keys to Economic Understanding. 1976 re vocational training et al.
4. Work and Study Cycle Theory. 1978(to enhance productivity for economic growth): to be validated and implemented in the US and in China. www.Ask.com for reference.
Such works are dated in the 20th century but would be useful in the 21st century and beyond...
On page B9 Business section of New York Times,Oct.21,2008 apropos of China:
Hu Angang, a prominent Chinese economist who is the director of the Center for China Studies at Tsinghua University in Beijing said that the government was drafting plans to step up its spending on vocational training and other educational programs for adults. The goal is to help China's workers move away from low-wage skill as assembly line tasks in export-oriented factories and provide the skills necessary for an internationally competitive economy.
I have always maintained my view that folks need to have marketable skill to supply the changing demands of our society via education and training. I am delighted to find the identical thoughts of other thinkers to recommend such structural changes to develop human potentials as skilled labor needed in USA and in China as well. That is Sino-American Economics in unison.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 to learn the relevant economics for the wellbeing of two nations on both sides of the Pacific. October 21, 2008 at 2.40 p.m.