Business leaders expect the nation’s competitiveness to deteriorate, with companies less able to compete globally, pay workers well, or both, according to a new report released by Harvard Business School.
The report, unveiled Wednesday, surveyed nearly 7,000 Harvard Business School graduates in September and found that 58 percent expected the nation’s ability to compete against other countries for companies and jobs to erode. Seventeen percent were neutral, and 25 percent were optimistic.
Harvard professor Michael E. Porter , an author of the report, “Competitiveness at a Crossroads,” said profound changes have taken place in the nation’s ability to attract business and that anemic job growth of recent years is not something that’s going away “any time soon.”
“American companies are doing OK, American multinationals are doing OK. America as a place to relocate is not OK,” Porter said. “America used to be a job machine.”
The report marks the second year Harvard Business School faculty have released the results of their survey of graduates. Porter said the scholars are speaking publicly about their findings at venues across the nation and have met with President Obama’s economic advisers to discuss their findings and recommendations, such as improving workers’ skills and linking them to employers, supporting education, and fostering research .
The report said most graduates surveyed, including many top and retired corporate leaders, said the tax code, regulatory system, and public schools were areas of concern or in need of reform. The survey also found that most believed the availability of skilled labor “remained stubbornly weak.”
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