Chicago-based senior partner of The Boston Consulting Group, Harold Sirkin, calls for more vocational schooling:
“Germany’s vocational education program is a dual system: Students learn in the classroom, and they learn by doing. Typically, trainees attend vocational school one or two days per week, studying the theory and practice of their occupation as well as economics and social studies, foreign languages, and other general subjects. They also do a working apprenticeship in their chosen field. During this period, trainees receive about one-third of the salary of a trained skilled worker.
Photograph by Getty Images
Not surprisingly, perhaps, a majority of German students (some 51.5 percent) choose this path. As a result of this system, few Germans find themselves unemployable. The youth unemployment rate, for example, was just 7.7 percent in February, well below that of the U.S. (16.2 percent officially, excluding those who have dropped out of the labor market) and the euro zone as a whole (23.9 percent). Overall unemployment in Germany was just 5.4 percent in February.”
See more at: http://www.businessweek.com/articles/2013-04-29/what-germany-can-teach-the-u-dot-s-dot-about-vocational-education
- Apprenticeship / Leads to substantially lower unemployment rates research finds (jobmarketmonitor.com)
- Gov’t urged to adopt German dual vocational system to fight unemployment (newsinfo.inquirer.net)