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This paper discusses how, in the new economy, education and training will provide the single greatest source of security for workers, as job security as we once knew it barely exists today, and therefore skills security is the way for the future. It outlines how pressures in the workplace at entry level are getting tougher, and that these apply disproportionately to young people. It then goes on to describe the historic forces that have contributed to the present employment and training environment, and the future economic setting. It points out how Australia's traditional industries are changing to those in the services sector. However, new opportunities for employees, both the highly skilled and the less skilled, have arisen from the new service sector, such as in information technology.