The Jobs Imperative

Posted by on August 5, 2010

With today’s Senate passage of the new public sector jobs bill, the federal government’s role in stimulating the economy is once again in the limelight. The use of public dollars to leverage jobs in the private sector is even more controversial. Historically (and today) U.S. business wants government to “get out of the way,” and let market forces determine outcomes (at least until they themselves need to be bailed out). The priority is “maximizing shareholder value.” The fewer workers you need to do that, or the lower their cost, the better.

Still, some worry that the axiom of maximizing shareholder value lately has been taken to a destructive extreme. One of those is Andy Grove, former CEO of Intel and still a consultant to the U.S. chip-making giant. In a recent interview in Business Week, Grove noted that U.S. business is “…largely oblivious to emerging evidence that while free markets beat planned economies, there may be room for a modification that is even better.” Read More »


Teachers Matter, But So Do Words

Posted by on July 14, 2010

The following quote comes from the Obama Administration’s education “blueprint,” which is its plan for reauthorizing ESEA, placing a heavy emphasis, among many other things, on overhauling teacher human capital policies:

Of all the work that occurs at every level of our education system, the interaction between teacher and student is the primary determinant of student success.

Specific wordings vary, but if you follow education even casually, you hear some version of this argument with incredible frequency. In fact, most Americans are hearing it – I’d be surprised if many days pass when some approximation of it isn’t made in a newspaper, magazine, or high-traffic blog. It is the shorthand justification – the talking point, if you will – for the current efforts to base teachers’ hiring, firing, evaluation, and compensation on students’ test scores and other “performance” measures. Read More »


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