THE IMPACT OF CHANGING ECONOMY ON EDUCATION


The historic changes that our economy has been experiencing in recent years teach us about the way we learn and innovate, their impact on the workforce and on graduates, how has technology transformed our ability to understand the natural and social world.
Our faculty for rational thought has carried the human race one arduous step at a time into a deeper understanding of how the world works. Decade by decade, scholars have recorded their insights, building knowledge from one generation to the next. We have learned to use that knowledge to alter our physical environment for the betterment of mankind.


That process has become increasingly conceptual in nature and ever less reliant on physical materials. Indeed, the endeavor to economize on physical resources has led to widespread downsizing of the elements of the nation's output. We have dramatically reduced the size of our radios, for example, by substituting transistors for vacuum tubes. Thin fiber-optic cable has replaced huge tonnages of copper wire. New architectural, engineering and materials technologies have enabled the construction of buildings enclosing the same space, but with far less physical material than was required, say, 50 or 100 years ago. Most recently, mobile phones have been markedly downsized as they have been improved.

The heyday when a high school or college education would serve a graduate for a lifetime is gone. Today's recipients of diplomas expect to have many jobs and to use a wide range of skills over their working lives. Their parents and grandparents looked to a more stable future-even if in reality it often turned out otherwise.
    However one views the uncertainty that so many in our workforce are experiencing in their endeavor to advance, an economist can scarcely fail to notice a marketplace working efficiently to guide our educational system, defined in its widest sense, toward the broader needs of our  
                                    
      Experiment of education method
Experiment schools must first be established before we can establish a normal school education and instruction must not be merely mechanical. They must be founded upon fixed principles people imagine indeed that experiments in education are unnecessary and that we can judge from our reason whether things are good or bad. This is a great mistake and experiment teachers uses that the result of an experiment are often entirely different form what we expect Kegan, (1999)  bitterly complained that parents whose eyes were fixed upon the world success of their children ignore this most important principle namely that children ought to be educated not for men in the future.
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