The article argues that the Federal Reserve's recent rate hike decision, while justifiable on inflation grounds, highlights a critical lack of an underlying, transparent policy framework. The core problem is that the Fed's decisions appear discretionary, leading to market uncertainty because the committee's judgment, rather than clear data, dictates policy shifts. The author proposes that the Fed adopt a formal monetary policy rule—an algebraic formula linking the target rate to indicators like inflation and unemployment—to replace subjective guidance. Implementing such a rule would provide market predictability, enhance transparency, and shield the Fed from political attacks by making deviations from the standard easily quantifiable.
From skills to jobs: Building clearer pathways to good work
English Summary
The Brookings Institution highlights the growing disconnect between educational systems and labor market needs, which complicates the transition from school to high-wage employment for students and workers. The event examines how fragmented pathways—including degrees, apprenticeships, and work-based learning—often lack the alignment necessary to provide learners with relevant experience or employers with skilled talent. Panelists argue for systemic reforms to make high school more career-relevant, postsecondary options more affordable, and professional entry points more accessible for lifelong learners. Ultimately, building clearer pathways to 'good work' requires better coordination between educational institutions and employers to ensure workforce development meets modern economic demands.
中文摘要
布魯金斯學會（Brookings Institution）強調，教育體系與勞動力市場需求之間的脫節正日益擴大，導致學生及勞工從學校轉向高薪就業的過程更趨複雜。該活動探討了學位、學徒制與職場學習等碎片化的路徑，如何往往因缺乏必要的銜接，而無法為學習者提供相關實務經驗，或為雇主提供專業人才。與會者主張推動系統性改革，以提升高中的職涯關聯性、增加高等教育的可負擔性，並為終身學習者創造更易進入的專業門檻。最終，若要建立更清晰的「優良職涯」路徑，必須加強教育機構與雇主間的協調，確保勞動力發展能與現代經濟需求接軌。
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