Employer-based education and training is a potential solution to the complex issues facing the U.S. in the global marketplace of the 21st century. Recent evidence suggests that investing in a skilled workforce leads to improved economic competitiveness and productivity for individual firms. A few companies have regained lost market share and profitability by investing in their employees. Some of the most successful employer-based initiatives are joint labor-management worker training programs. Currently, Congress is considering legislation which would consolidate existing federal job training programs, but these efforts are likely to do little to encourage additional private sector investment. Without some type of government intervention, it is unlikely the U.S. will be able to compete economically in the future with overseas rivals such as Germany and Japan.