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Rediff.com  » Business » Competition from Germany, China, India a big challenge: Obama

Competition from Germany, China, India a big challenge: Obama

April 17, 2014 10:48 IST

Image: US President Barack Obama.
Photographs: Jonathan Ernst/Reuters Lalit K Jha in Washington

Countries like Germany, China and India are working every day to out-educate kids so they can out-compete American businesses and are making more progress than US, President Barack Obama said.

"Countries like Germany, China and India -- they're working every day to out-educate our kids so they can out-compete our businesses.

"And each year, frankly, it shows that they're making more progress than we are," he said.

. . .

Competition from Germany, China, India a big challenge: Obama

Image: A sign advertising jobs is posted along a street in the Brooklyn borough of New York October 23, 2013.
Photographs: Shannon Stapleton/Reuters

"We're still ahead, we've still got the best cards, but they're making some good decisions," he said on Wednesday in his address on ‘skill training’ to students of a community college in Pennsylvania.

"We've got to make those same decisions," the US president said as he urged his countrymen to work towards better skill development.

In his speech, he emphasised on training Americans with the skills that they need for the good jobs that are going to be in Washington on Thursday and Friday.

. . .

Competition from Germany, China, India a big challenge: Obama

Image: US President Barack Obama greets children and volunteers during a visit to Martha's Table, a kitchen that prepares meals for the needy.
Photographs: Kevin Lamarque/Reuters

"You know better than most how in recent decades the economy hasn’t always worked for middle-class families.

“You saw outsourcing. There was a time when finding a good job in manufacturing wasn't all that hard.

“If you were willing to work, you could go to the local factory, maybe the factory your dad was working in, and say, I'm ready to go, and they'd sign you up," he said.

"And over time, the economy changed, part of it because of globalisation, some of it because of new technologies.

. . .

Competition from Germany, China, India a big challenge: Obama

Image: US President Barack Obama.
Photographs: Reuters

“And you've seen, sometimes painfully, where technology shutters factories and ships jobs overseas, and even makes some jobs obsolete," he said.

"But you know what, we're not going to reverse all those trends.

“We can’t stop technology.

“And you've got a global economy now where we've got to compete. We live in a 21st century global economy.

"Jobs know no borders, and companies are able to seek out the best-educated, most highly-skilled workers wherever they live.

“And that's where the good jobs and the good pay and the good benefits is going to be," Obama said.

. . .

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