The ability of the American worker to adapt to technological innovation and worldwide competition is the key to economic security in the future, according to a report released by the National Governors Association (NGA). The report notes that the current approach to workforce development in the U.S. was designed for a different set of economic realities than those that exist today.
The Cornerstones of Economic Security for Resilient Workers: A Policy Framework for Shared Action explores the nature of ongoing economic changes, the meaning of economic security in today’s economy and the roles that government, business, the civic sector and individuals play to create a new approach better suited to current and future economic and social conditions.
States are critical intermediaries between federal policy and local institutions. In particular, state governments possess many of the policy levers and institutional infrastructure to influence change.
The “cornerstones” needed to achieve success in the workforce in today’s economic environment are:
- Skills and Adaptability;
- Income and Savings;
- Health and Wellness; and
- Mutual Support and Networks.