Chapter 9. trained to the max
Gen e trait no. 4: e = educated. More than ever before, education equals money. (It also equals efficiency: a 1995 study by the National Center of the Educational Quality of the Workforce looked at 3,100 US workplaces. The research found that an average 10 per cent increase in the workforce's educational level led to an 8.6 per cent increase in productivity. In contrast, a 10 per cent increase in plant and equipment increased productivity by 3.4 per cent.) Thomas Stewart of Fortune reports that the only group of American men to make gains in their real weekly earnings since 1979 are college graduates, who are now paid an average of 80 per cent more than high school graduates. In the new economy, it pays to have an ...
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