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View Diary: America's Bleak Jobs Outlook (9 comments)

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  •  There's a bleak outlook for unskilled labor... (4+ / 0-)
    Recommended by:
    BusyinCA, cynndara, IowaPopulist, Papuska

    ...and a very good outlook for skilled labor. Here's a recent Hays outook summary:   

    In north america
    , the US has the highest score in the Hays Index, indicating one of the tightest markets in terms of skilled labour. Shortages are particularly evident in sectors such as oil and gas, life sciences and information technology. Paradoxically however, the US is also witnessing stubbornly high levels of unemployment within a weak
    economic recovery. This can be explained by an excess supply of semi-and unskilled workers who are not suitable for the sorts of roles that are being created by the industries that are currently generating economic growth in the US. Canada faces similar issues with acute shortages in the natural resources sector in particular.
    Unfortunately, one of the skills this more competitive economy has is represented by a year or more of on-the-job experience. Therefore, a new registered nurse just graduating with a 4 yr degree does not qualify for a nursing job. That first year training is no longer a justifiable expense so employers simply establish experience as a requirement. H1B nurses with just 1 or 2 yrs experience can fill such jobs but new US grads can't.

    That's a problem that Congress can fix. Also Governors and colleges should partner with employers to do whatever it takes to ensure grads get employed.

    Unskilled labor will either have to get skilled or learn Spanish and migrate South.

    •  The problem is not structural (0+ / 0-)

      There is almost no evidence to support the idea that we have a structural unemployment problem and mountains of evidence suggesting we have a demand-based unemployment problem.

      If the problem with labor really was structural, you'd be seeing skyrocketing wages among the industries with positions that are particularly hard to fill. We've been seeing the opposite of that--as the article notes, most jobs created in the "recovery" are part-time, minimum wage jobs in service or retail. All that points to the unemployment problem being equal parts lack of demand and the divorce of productivity from wages, which each help reinforce the other.

      The problem is that the feral rich are using massive long-term unemployment--with the aid of the politicians they bought--to correct the "error" of the erosion of traditional class systems in the post-war period.

      Every human being must be viewed according to what it is good for; for none of us, no, not one, is perfect; and were we to love none who had imperfections, this world would be a desert for our love.

      by Daniel Roche on Wed Apr 24, 2013 at 11:40:36 PM PDT

      [ Parent ]

      •  "The" problem? There are multiple problems, no? (0+ / 0-)

        There are, all resolvable but they all require aggressive government action which is an unreasonable expectation. The deadly concentration of wealth, wages (lower demand), and political leverage/corruption is severe, as are the overall failures of governments in the developed economies to govern, as are deleveraging, globalization, global contraction (lower demand), technology, and productivity.  Increasing demand in the US middle class is not a solution but a stimulation. The economy can be bolstered with more capital flowing into the middle class but not fixed. A slow slog v. a slower slog seem to be the choices, especially without governance, for the next decade or  more.

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