Friday, May 07, 2004
Knowledge wave? More of a ripple
The knowledge economy is much smaller than previously thought, according to a new book to be published later this year. The Mismanagement of Talent by political economists Phillip Brown and Anthony Hesketh, argues that the UK Government's prediction of a 70-80 percent growth in the knowledge economy over the next few years is over-exaggerated.
In their study of more than 28 million UK jobs it found that only 32 percent were in fact knowledge based, traditionally requiring a university graduate. The study also looked at 145 million jobs across the US economy and found only 1 in 5 roles were knowledge based. Read the full report and the press reactions and debate here.
The knowledge economy is much smaller than previously thought, according to a new book to be published later this year. The Mismanagement of Talent by political economists Phillip Brown and Anthony Hesketh, argues that the UK Government's prediction of a 70-80 percent growth in the knowledge economy over the next few years is over-exaggerated.
In their study of more than 28 million UK jobs it found that only 32 percent were in fact knowledge based, traditionally requiring a university graduate. The study also looked at 145 million jobs across the US economy and found only 1 in 5 roles were knowledge based. Read the full report and the press reactions and debate here.
