Courtesy of Mish.
President Obama says there is a “skills gap”. A quick search says that many misguided souls believe the president.
For example Forbes writer Rich Karlgaard says The Skills Gap Exists.
Karlgaard believes the “gap is sure to grow as the population ages and industries from health care to manufacturing are altered by technology. Outsourcing to China won’t be the answer, either. Its population is aging the fastest of all the major economies.”
Vicki Needham writing for The Hill says Skills gap is hampering labor market.
Needham, citing a report by Deloitte says “job creation in the United States is hampered by a lack of highly skilled and adaptable workers whose talents don’t match current job openings”.
The Atlantic comments on Solving the Manufacturing Skills Gap.
Eighty percent of the manufacturing companies in the United States say they cannot find enough workers with the proper skills to fill open positions at their facilities. That’s the number President Barack Obama cited, as he announced the Military-to-Civilian Skills Certification Program, in June 2012.
“If you can maintain the most advanced weapons in the world, if you’re an electrician on a Navy ship, well, you can manufacture the next generation of advanced technology in our factories like this one,” Obama said, speaking from the floor of a Honeywell plant in Minnesota.
But the problem is that veterans have had trouble getting hired, as Obama said, “simply because they don’t have the civilian licenses or certifications that a lot of companies require.”
Skills Don’t Pay the Bills
The above columnists express widely believed economic hooey.
In contrast, Adam Davidson, in his New York Times column, Skills Don’t Pay the Bills, precisely summarizes the problem in four deep thoughts.
Deep Thoughts
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