American competitiveness threatened
It was, therefore, sad to read the findings of the study by National Center for Public Policy and Higher Education that we get a F grade in affordability of education. It may be worthwhile to point out that we already are lagging in producing enough "technologists" compared to India and China. Education in both India and China is so inexpensive (cost of education as a percentage of median household income) that it is technically free to study.
We are also seeing some competition emerging from rather unlikely places. In biotech, Singapore is emerging as a strong competitor (Related article: Will biotech save American economy?). And knowledge workers are not just in China and India any more. Even countries like The Philippines and the UAE have potential to grow into strong competitors leveraging their educated workforce. (Related article: Knowledge workers everywhere)
What do we need to do to transform America into a wisdom economy?
China becomes a tech superpower