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Regaining America's Competitive Edge

Once the world鈥檚 uncontested manufacturing and high-tech powerhouse, the United States must today contend with stiff international competition for markets, innovation, and talent. To regain its edge, America needs serious-minded and long-range reforms in K-12 education, the tax code, and immigration policies, an expert panel said.

鈥淲e need to recruit the best and brightest,鈥 noted school reformer Paul Vallas, a former superintendent of schools in Chicago and Philadelphia. Vallas also stressed performance-based measures to reward good teachers and punish bad ones, and he emphasized the importance of 鈥渦niversal early childhood development鈥 to give children the foundation they need to become good students.

On education, performance standards tied to salary bonuses is needed to attract and retain good teachers, especially in fields where private-sector pay is highly competitive, former Lockheed-Martin CEO Norm Augustine said. 鈥淎 great physics teacher should be paid more than a good physics teacher who should be paid more than a phys ed teacher,鈥 he said.

Immigration policies should also be reformed to keep advanced-degree graduates in science and math in the United States, Jan Rivkin of Harvard Business School said. 鈥淲e should staple a green card to the degree of each foreign Ph.D. in engineering and science,鈥 he said.

Immigration reform is needed to enhance America鈥檚 industrial and greater economic competitiveness, former Michigan Governor John Engler said. 鈥淚t is in the national interest to have a comprehensive immigration reform bill now,鈥 he said.

Educational improvements are needed not only at the primary, or K-12, level, but throughout the course of workers鈥 careers, as industries adapt to swiftly changing markets, Deborah Wince-Smith of the Council on Competitiveness said. Students should be encouraged to pursue careers in manufacturing, as well, she added. 鈥淢anufacturing is safe, strong, and surging, not dumb and dangerous,鈥 she said, citing exciting new frontiers in nanotechnology, materials science, and bioengineering. 

Tax reform is essential to enhancing corporate America鈥檚 edge, said many of the panelists. The corporate tax rate should be lowered to levels that allow private-sector competition with the rest of the world, but at the same time the loopholes and deductions that corporations have used to effectively pay lower taxes need to be closed, they said.
 

The National Conversation at the Woodrow 浪花直播 Center series provides a safe political space for deep dialogue and informed discussion of the most significant problems and challenges facing the nation and the world.

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