| Abstract: | Basic forces are influencing the American economy and significantly effecting employment and training policy. States need to take responsibility in solving the problems created by these trends. The implications of these trends-the technological revolution, internationalization of the American economy, and labor market and demographic changes-are examined. The first implication is that the United States cannot have effective economic policies unless monetary-fiscal policies are supplemented by selective labor market policies which can deal with specific labor market problems. Second, policies must be measured in terms of their effects on the competitiveness of American industry in the areas of wages, management systems, and technology. Finally, there is a need to recognize the importance of education in responding to the economy's problems and to combine employment and training with other human resource development activities. |
