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The Mismanagement of TalentEmployability and Jobs in the Knowledge Economy$
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Phillip Brown, Anthony Hesketh, and Sarah Williams

Print publication date: 2004

Print ISBN-13: 9780199269532

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199269532.001.0001

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What Knowledge Economy?

What Knowledge Economy?

(p.41) 3 What Knowledge Economy?
The Mismanagement of Talent

Phillip Brown

Anthony Hesketh

Sara Williams

Oxford University Press

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.

Keywords:   high value-added labour, policy-makers, knowledge-based economy, United States, UK, high-skilled labour

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