If education is to supply what the workforce businesses want, then firms (or their associations) should be more involved in the preparation of the workforce. Either businesses train workers directly or hire institutions to do that. The link between firms and schools would have to be strengthened.
Businesses don’t want to get involved with education. They want workers with certain behavioral characteristics (showing up on time) and specific job skills. Today, however, the variety of jobs keeps changing. Hence, employers want workers who can relearn rapidly or adapt to new demands quickly.
Modern equipment seems to drive the demand for better-trained workers. The property tax on business equipment is well suited for financing the necessary supply of qualified workers.
This does not relieve the legislature from finding other funds to sustain local services. It is, however, a move toward letting businesses pay for the education services they use. And won’t more firms bring jobs to Indiana if we have a better trained workforce?
Morton Marcus is an independent economist, writer and speaker. Contact him at firstname.lastname@example.org