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WASHINGTON -- A "perfect storm" of falling literacy, the changing structure of the economy and rapid immigration threatens to sharply cut US competitiveness and lower living standards, according to a report released Wednesday.
The report by influential education institute ETS argues that the education system is not preparing enough people for the changing economy and job market, risking "dire consequences" for the United States.
We're losing manufacturing jobs to other countries, particularly in Asia. ... Our wage rates and social security benefits make us globally non-competitive. We've got to do something to improve productivity so we can bring back jobs to the middle class into America.