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Education and Economics There has been a great deal of discussion that centers on education of our youth and the relationship of the education and related employment to the overall economic well-being of the country This discussion also extends to global business and the economic crisis that evolves from inadequate education Some of this discussion relates to the sociological interaction between the schools colleges and businesses that employ the graduating students Other aspects of research and assessment in this field have focused on a more practical approach to be education of students This practical approach would better meet the needs of employers One of the single and most significant faults in the system of education on the students is that our young people are not educated in the real-life needs that the business world seeks as it employees more people This failing in a practical education is leading to an economic crisis in the labor market today Education in the 21st century varies substantially across the United States and around the world In America education stresses the importance of grades and academic achievement This emphasis on grades in high school has evolved because of the use of these grades as an evaluation factor for entry to college While the use of academic grades is one approach to measuring the students achievements it does not provide a complete picture of a students knowledge or potential as a member of the future workforce This confusion and a lack of true evaluation of the students skills stems from a lack of understanding of the meaning and a value of these grades To produce students who will become valued members of the business workforce a clear understanding of academic grades must be established Under our current educational system academic grades are representative of the students cognitive achievements They did not however provide any indication of how a student will behave in the workplace environment Much of
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