Paying the Price for a Dumber Generation

Recent studies show that the “skills gap” the Trends editors previously forecasted is already impeding our economic progress and will only get worse as the economy recovers. In fact, it’s playing a significant role in “America’s Innovation Crisis” — a trend that we will also explore in this issue. Given the long development cycle for new talent, what is the solution? We’ll examine the facts and the most realistic possibilities.

Lawrence Katz and Claudia Goldin of Harvard University recentl.....