Wednesday, February 22, 2012

"Skills Mismatch" Causing High Unemployment?

I've posted about this a number of times, HERE and HERE for example, but the Wall Street Journal, NYTimes, Washington Post, et al continue to roll out a series of articles about every quarter that laments our valiant business and industry leaders struggling to find workers with the skills they need... The latest from the Washington Post HERE says that manufacturers are just begging to hire 600,000 workers, if those workers weren't... well, stupid I suppose.

A very smart rebuttal at the Huffington Post HERE points out the idiocy of the WP piece, which is essentially serving as a mouthpiece for the Manufacturing Institutes propaganda.  From HP:

"Since the beginning of the century, manufacturing wages for production workers have barely increased, Sum said. And in the last two years, as employers have said they've been having difficulty filling spots, wages have declined slightly.

"If there was a big shortage of workers, than we should find wages rising. But this just isn't the case," Sum said. "That doesn't mean that specific companies won't ever have trouble finding a machinist, but when you add it all up, it doesn't amount to very much."...

 "The point of the argument is to then say: 'We don't need to ramp up demand or infrastructure investment. We need to fix people,'" said Paul Osterman, a professor of human resources and management at the M.I.T. Sloan School of Management. This rhetoric, Osterman added, fits well with another priority for business owners: "Firms are always interested in shifting the costs of training to the public sector," he said."

No comments: