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The least educated people have always performed menial tasks. <br />This is one of the reasons education is as important today as ever <br />for an individual in order to succeed and enjoy a good standard <br />of living. <br />So, when a primary employer is examining a community, it will <br />review the current industries to determine if a potential <br />workforce is available. If it requires an array of high skilled <br />people who can be trained to perform its specific tasks and such <br />a workforce is not present, it will not locate in the area. <br />During this process, the company will also use a strategy which <br />is directly related to the wage ladder. Suppose the company <br />intends to pay $45,000. The business will review the type of <br />industries which pay around $35,000. If, from this group, it is <br />determined the skills, education and aptitude of the $35,000 <br />workforce are sufficient for its operation, then they will <br />seriously consider this community. <br />There are several reasons they target "one step down" on the <br />wage ladder. First, there will be a large number of people <br />applying for a job at their company, as they will be offering <br />about 30% more pay than the workers presently receive. <br />13 <br />ee <br />The company also realizes if they drop down too many steps, the skills and work <br />experience will not be suitable. (By the way, if this employer does come to town, the <br />force pulling everyone up the ladder will begin, as the $35,000 employers will replace <br />their people from the $25,000 pool and so forth.) <br />A low -wage employer will shun areas which have an abundance of high -wage employers. <br />The company will likely conclude it will not be able to attract a sufficient number of low - <br />skilled workers for its operation. It will therefore target communities which have a large <br />number of low -wage businesses or which are in economic distress. <br />Therefore, if a community wants to improve the quality of its economy by attracting <br />higher paying companies, the skill and education level of its workforce needs to be <br />addressed. <br />Now of bough - Poge 32 - Version August 20, 2007 <br />