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Is College the Best America Can Do for its Students?

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In today’s job market it’s hard to find any well paying job that doesn’t require some level of college education. But should it be that way? In Switzerland apprenticeships serve to put young people into jobs immediately upon entering the workforce.

How many unproductive years of college and even grad school must American students endure before entering the workforce for jobs Swiss youths are doing straight out of high school?

Switzerland is one of the most competitive nations, and home to the world’s most Fortune 500 companies per capita. At the Financial Times, Ralph Atkins explains why the Swiss apprenticeship program works so well:

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Switzerland’s long-established apprenticeship system, combining classroom and workplace learning, is widely seen as one of the affluent country’s greatest economic strengths, creating a pool of highly skilled workers for Swiss companies.

The efficiency gains help explain why Switzerland — despite its high costs resulting from a strong franc — regularly tops global economic competitiveness tables; the World Economic Forum this year described its labour market as “the best functioning globally”. Hopes are high that European innovation such as this could create an opportunity for growth as the continent recovers from the financial crisis.

Read more here (subscription required).

Earn While You Learn: Switzerland’s Vocational Education and Training System

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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