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These young folks don’t want to spend a lot of money and time training to do a specific job they might not get only to get laid off when some private-equity slicks (where the real money’s at) buy out the company and ship the jobs to China.
That’s what happens when owners and management have shredded the social contract. They find workers can’t or won’t do what they need them to. A flexible workforce has its downsides too.
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In Europe, for instance, training is often mandated, and apprenticeships and other programs that help provide work experience are part of the infrastructure.
The result: European countries aren’t having skill-shortage complaints at the same level as in the U.S., and the nations that have the most established apprenticeship programs—the Scandinavian nations, Germany and Switzerland—have low unemployment.
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the businesspeople quoted here know how a market works. If you put out a want ad for something and you don’t find it, you need to think about upping your bid.
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Source: Steven J. Davis, Jason Faberman and John Haltiwanger using data from the Job Openings and Labor Turnover Survey. Recessions, as dated by the NBER.
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Bill Clinton put his finger on a distressing aspect of the U.S. jobs situation in a recent television interview. The former president remarked that openings are being filled at only half the rate of previous recessions, even though current unemployment is much higher. He stressed the bleak outlook for job-seeking construction workers and the need for retraining and skills development.
He has a point: Construction workers can't easily become nurses. And, given the weak housing market, an early return of boom times in construction is highly unlikely. So skill mismatch will persist. It slows the pace of job filling by making it harder for employers to find suitable hires.
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The benefit of a flight simulator is that it allows pilots to internalize their new knowledge. Instead of memorizing lessons on the blackboard, they were forced to exercise emotional regulation, learning how to stay calm and think clearly when bad stuff happens. (I’ve been in these realistic flight simulators and let me assure you – they can be terrifying. After I crashed my jetliner, I left the simulator drenched in sweat, all jangly with adrenaline.) The essential point here is that pilots were the first profession to realize that many of our most important decisions were inherently emotional and instinctive, which is why it was necessary to practice them in an emotional state. If we want those hours of practice to transfer to the real world – and isn’t that the point of practice? – then we have to simulate not just the exterior conditions of the cockpit but the internal mental state of the pilot as well. For far too long, we’ve assumed that expertise is about learning lots of facts, which is why we settled for the “chalk and talk” teaching method. But it’s not. True expertise occurs when we no longer need to reference facts, because we already know what to do.
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