What Knowledge Economy?

Abstract

Although it is a given that all of the services in the world's largest knowledge-based economy (KBE) need managers and leaders, there is still a need for janitors, fast food service crews, and other such workers. This chapter reviews the evidence for the claims of policy-makers on the shift to a KBE. The evidence presented by the policy-makers, particularly in the United States and in the UK, is examined through the interpretation of available occupational data by these policy-makers and through the author's own interpretation. The notion of scaling down the size of the proportion of knowledge workers is also evaluated, as are the implications for a dramatic increase in graduates brought about by the demand of KBE for high-skilled and high value-added labour.

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