Another disturbing finding of the OECD is that younger age cohorts in the U.S. do not seem to have skills as high as those in the cohort just below age 65.
All of this suggests that America’s economic future may not be as bright as its past — or that the current economic doldrums may turn out to be the new normal.
What to do? The OECD sensibly calls for better education and more adult skills training. In fact, many worthy attempts have been made and are being made to improve education around the country, and some have had positive results. Even the Obama administration, despite its political debts to teacher unions, has pitched in to some extent.
In the meantime, the United States can do something about improving skill sets by changing its immigration laws to increase high-skill immigration.