During that time economic analysts were projecting job shortages in almost every major industry from Health Care to Air Traffic Controllers, and from Police to Truck Drivers. So where are we today? Well, right now there are a large number of people out of work, still looking and some 4.6 workers for every job opening, even when the job opening might be in North Dakota to put in a pipeline when the unemployed worker worried about the ending of his unemployment benefits, paying college tuition for kids, and keeping up on his mortgage lives in Sacramento.
Not long ago, I was talking to an acquaintance who believes that even when the economy does pick up there will be the same problem predicted before only much worse. Now then, I agree with his statement and comment, but let me explain why.
You see, I read about the dire predictions the other day in the WSJ, and comments like this have been all over the Trade Pubs too, and Industry Week had an article of Manufacturers complaining about the lack of skilled workers to run assembly lines putting together a variety of products, some high-tech, some not so high-tech. What should we do? Some say we need job training programs to fill the gap, so let's talk about that.
Indeed, if the government subsidizes college, tech, and trade schools, in a way that's corporate welfare, of course in the end the robots will win. You see, China's wage inflation is pegged at 15-20% per year ouch. It's even outpacing our college tuition rates, and…[ad_2]
Sourced from by Lance Winslow