Skip to main content

How Can We Remain Competitive without the Most Competitive Human Capital?

This ABC News video gives us a wake-up call that this nation needs to improve education to stay competitive. According to the results of an international test, U.S. kids are ranked the No. 30 in Math, No. 20 in Science, and No. 17 in Reading. Shanghai is not the cultural capital of China, but kids in Shanghai have the highest performance among all categories. What does this mean to the U.S. economy? According to a research by Stanford, if U.S. can raise the performance in the international test by 5%, such improvement in human capital will translate into 41 trillion dollars in the U.S. economy over the next 20 years.

As compared to those in the U.S., kids in China spend 41 more days a year in school and receive 30% more hours of instructions. In Finland, all elementary school teachers have at least a master’s degree. Kids in Finland have already learned three languages by the 7th Grade. They started taking Physics and Chemistry in middle schools.

I spent my adolescent in one of the most prestigious and most competitive schools in South China. I started learning English when I was in 5th Grade, and I had Physics and Chemistry when I was in junior high school. The competition was so tough that everyone in the school was striving to get a perfect score for every exam because getting an A will not make a student stand out. Graduate schools in America, however, allow me to become an independent and innovative thinker. Probably because of the innovative spirit and academic freedom, universities in the U.S. attract many top talents from all around the world.

Certainly, these international talents contribute to the success of this nation. Without the best talent pool in the nation, I wonder if the U.S. will sustain a leading position in global competitions. If students process insufficient math, science, and reading skills, they might struggle in college. Later, when they graduate from colleges but do not have a solid education, will they be able to think independently, come up with innovative ideas and concepts, and compete with other talents around the world? How can Corporate America remain competitive by retaining the training the most competitive human capital?

Interested to read more a relevant report about my experience as a college student in China and a graduate student in the U.S., you may visit http://bit.ly/dvsIHP for more discussion.

Comments

Popular posts from this blog

Yammer: A Social Networking Site Exclusively for the Workplace

Effective internal communications among employees are related to some desirable organizational outcomes, such as robust morale, a clear vision, low turnover, and high employee engagement. The question is what platform can serve the purpose. This ABC News video introduces “ Yammer ,” an exclusive internal communication tool for companies. A user must use a valid company e-mail address to sign up for an account. Once an account is validated, the user will be led to the company page that is pretty much like a Facebook page. The difference is that only the users whose e-mail addresses share the same domain can see the wall and communicate with each other. I have no question about whether Yammer could be a useful internal communication tool for companies, but I just wonder: how many social networking sites do people need for communication? Why people have to “create” so many platforms or channels for “effective communications”? To many people, Facebook is only for “friends,” whe

Will restaurants of the future still need a dining room?

It does not seem the coronavirus is leaving us soon, although we have seen good   progress in developing the vaccine . In recent weeks, many places reported   a surge of new infected COVID-19 cases . Some even resumed   lockdowns   and the mask-mandate order, forcing restaurants to   shut down indoor dining   services again.     As a short-term remedy, restaurants immediately shifted their offering to   curbside pickup and delivery  services. Meanwhile, restaurants are testing new concepts to embrace the   contactless self-service  trend for the future. Here are some examples,     Chipotle opened its first digital-only restaurant     The new prototype, known as the   Chipotle Digital Kitchen , debut in Highland Falls, NY, earlier this month. Different from the traditional Chipotle restaurant, the Chipotle Digital Kitchen features:     A lobby designated for pickup services through off-premise orders.   A see-through kitchen, allowing customers to see, smell, and hear what is going on b

The 2020 hospitality and tourism trends that will likely stay in 2021 and beyond

The COVID-19 pandemic had made an unprecedented impact on the   global economy   in 2020. The good news is the long-waited COVID-19 vaccines will   soon become available . Let’s hope that the coronavirus will disappear soon as we enter the New Year.     Looking back before we look forward   At year-end 2019, I predicted a few   2020 trends   in hospitality, retail, and tourism businesses. For example, I recommended that we should pay special attention to the following areas:      A shifting focus on food delivery, sustainable food, and quick-casual restaurants. Using AI and facial recognition in service operations.   The threats from Google, Amazon, and Airbnb as a (potential, new) giant tourism enterprise in the market.   Investors’ growing interest in boutique retail stores and hotels. Customer loyalty issues as more travel companies adopted the dynamic pricing strategy even in their frequent traveler programs.   Safety issues during travel.     Certainly, the global pandemic was not