A case for "jobs stimulus" in the U.S. that subsidizes American consumers and producers of customized education, and American providers of associated online markets
An outsize share of jobs are created in regional economic clusters.
From Clusters of Innovations: Regional foundations of U.S. competitiveness, a 2001 report published by the Council on Competitiveness:
Regional economies are the building blocks of U.S. competitiveness. The nation’s ability to produce high-value products and services depends on the creation and strengthening of regional clusters of industries that become hubs of innovation…These clusters enhance productivity and spur innovation by bringing together technology, information, specialized talent, competing companies, academic institutions, and other organizations. Close proximity, and the accompanying tight linkages, yield better market insights, more refined research agendas, larger pools of specialized talent, and faster deployment of new knowledge.
From an article in the October 7, 2006 edition of The Economist:
You might have thought that the advent of the Internet would have eroded the connection between place and talent. In fact, the opposite is happening. Bright people gather in university cities such as Boston and San Francisco, or in technology hubs such as Austin, Texas, or Redmond, Washington, or in rural idylls such as Camden, Maine, and Jackson Hole, Wyoming. They cluster together because they feed off each other’s intellect. Christopher Berry, of the University of Chicago, and Edward Glaeser, of Harvard, have studied the distribution of human capital across American cities. They found that in 1970 about 11% of people over 25 had a college degree, and they were fairly evenly distributed throughout the country. Since then the proportion of Americans with college degrees has more than doubled, but the distribution has become much more uneven.
From the page titled Many Jobs it can be inferred that ‘1.0′ CE markets will primarily serve buyers and sellers of corporate training. (If public policy comes to be informed by this site, buyers and sellers of CE for schoolchildren and teachers may also be a big presence in early-stage CE markets.)
No other region in the world — or, more precisely, no other integrated set of regions — comes close to matching the quantity and quality of America’s post-secondary educators.
From The World Is Flat, a 2005 best-seller by Thomas Friedman:
America has 4,000 colleges and universities…the rest of the world have 7,768.
Sean Gallagher, a senior analyst at Eduventures:
U.S. education is perceived worldwide as the gold standard in higher education.
The advent of popular CE markets is likely to create opportunities that said educators will want to pursue, along with many of America’s other subject-matter experts.
From the December 11, 2006 issue of Business Week:
Megastudy has built a booming business by tapping into the anxieties of parents such as Kim. The [Korean] cram school company burst onto the scene in 2000, offering videotaped lectures online. Today its Web site lists 2,000 courses.
…Megastudy’s meteoric rise owes much to its popular lecturers. Son has signed up top talent by offering a 23% cut of online sales of videos — a deal that earned one English teacher $2 million last year.
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U.S. Advantages
An outsize share of jobs are created in regional economic clusters.
From Clusters of Innovations: Regional foundations of U.S. competitiveness, a 2001 report published by the Council on Competitiveness:
From an article in the October 7, 2006 edition of The Economist:
From the page titled Many Jobs it can be inferred that ‘1.0′ CE markets will primarily serve buyers and sellers of corporate training. (If public policy comes to be informed by this site, buyers and sellers of CE for schoolchildren and teachers may also be a big presence in early-stage CE markets.)
No other region in the world — or, more precisely, no other integrated set of regions — comes close to matching the quantity and quality of America’s post-secondary educators.
From The World Is Flat, a 2005 best-seller by Thomas Friedman:
Sean Gallagher, a senior analyst at Eduventures:
The advent of popular CE markets is likely to create opportunities that said educators will want to pursue, along with many of America’s other subject-matter experts.
From the December 11, 2006 issue of Business Week: