The changing economic situation, the changing global market means it is understandable that employers are constantly raising the bar. It is challenging the education system to come up with ever higher standards to meet the expectation of employers. (Jim Knight)

The changing economic situation, the changing global market means it is understandable that employers are constantly raising the bar. It is challenging the education system to come up with ever higher standards to meet the expectation of employers.

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bar challenging changing education expectation market meet raising situation system means global higher

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What is studied is a system which lives in the minds of economists but not on earth. I have called the result "blackboard economics.” The firm and the market appear by name but they lack any substance. The firm in mainstream economic theory has often been described as a "black box.”.

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Education can also be used as a soft power and as a soft force to transform societies. When I say transform societies it means we can tackle issues in political, social, cultural, economic areas. These are the most important things.

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I do not support raising the minimum wage, and the reason is as follows: When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.

John E. Sununu

Here was my city, immense, overpowering, flooded with energy and light... The world, at that moment, opened before me, challenging me, beckoning me, demanding something of me that it would take more than a lifetime to give, but raising all my energies by its own vivid promise to a higher pitch.

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In every aspect of life, including the economic dimension, we are always challenged to do the right thing. In many cases in the market system, which allows a great deal of latitude for human choice, people can get carried away to excess.

Lee R. Raymond