Wall street must invest in technical workforce.Our nation's economic strength depends on manufacturing and technical development, NOT on Wall Street financial manipulations.
The current financial meltdown meltdown
Occurrence in which a huge amount of thermal energy and radiation is released as a result of an uncontrolled chain reaction in a nuclear power reactor. The chain reaction that occurs in the reactor's core must be carefully regulated by control rods, which absorb has been a public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most disaster and has angered the public and Congress. Bankers and Wall Street executives are viewed as con-artists who hold the American economy hostage for their insatiable greed. Why can't Wall Street be an army of philanthropists?
ATEA members must help reform the culture, and instill in·still
To pour in drop by drop.
instil·lation n. a mission of public service not only on Wall Street but Industrial firms as well.
My message to Wall Street is this:
Give back to the community--to the local charitable and cultural institutions, and especially to the two-year community colleges and their workforce training programs.
Invest In Your Clients' Workforce
The success of any bank or financial institution is driven by your clients. Your corporate clients are successful only if they have a well-trained workforce. Their success will drive YOUR success.
Two-year community and technical colleges are on the forefront of developing the workforce of tomorrow, and have pushed the "big-name" four-year colleges and universities to the side. Two-year Associate's Degrees are now the "gold-key" credential, especially in fields such as manufacturing technology and e-commerce.
While many Americans have put too much focus on four-year college degrees and high status management careers, technical and manufacturing technology programs at two-year colleges is the real key to any nation's economic future.
We don't need more engineers--we need more machinists, technicians, robotics robotics, science and technology of general purpose, programmable machine systems. Contrary to the popular fiction image of robots as ambulatory machines of human appearance capable of performing almost any task, most robotic systems are anchored to fixed positions , CAD/CAM CAD/CAM
in full computer-aided design/computer-aided manufacturing.
Integration of design and manufacturing into a system under direct control of digital computers. and CNC (Computerized Numerical Control) See numerical control.
CNC - Collaborative Networked Communication technical specialists with applied technical training at the two-year Associate's Degree level.
Rick Carter, executive editor of Maintenance Technology (www.mtonline.com) magazine gave some pertinent suggestions in the October 2010 issue (page 13). They are from the readers' panel, composed of maintenance and reliability professionals and subscribers who volunteered for the panel. Among them:
* Every industrial plant or facility should adopt a local high school and community college to foster an interest in technical and manufacturing careers among young people.
* Local junior, community, and technical colleges and businesses should advertise the needs and benefits of two-year technical programs and careers.
The magazine is also looking for people to serve on their industry forum. This could be a great way for ATEA members to network with professionals across the country and to generate more support for ATEA and 2-year technical programs. For info, contact Rick Carter at rcarter@ atpnetwork.com
ATEA members can network with local business groups such as workforce boards, Rotary, etc. to generate support for 2-year technical programs. Many cities have local industry or economic development councils that are often part of the local chamber of commerce. Banks, accounting, and venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed
5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M  who have technical and manufacturing clients should also be encouraged to adopt community and technical colleges.
The financial firms should be encouraged to join ATEA as corporate members and be fully involved in technical education. By investing in the workforce of their client firms, the financial sector is also ensuring the future success of themselves. Local and Wall Street firms must be involved with organizations such as SkillsUSA (www. skillsusa.org), the Council for Advanced Manufacturing (www.nacfam.org), state workforce boards, and of course, ATEA.
Wall Street must make investment in manufacturing and workforce training their TOP priority. Investment in America's manufacturing sector will bring forth financial prosperity for all.
Banks and Wall Street firms must realize that their role is NOT to RULE the world, but rather to SERVE it.
Glen W Spielbauer is a Life Member of ATEA