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The U.S. labor market may finally be picking up steam, but when it comes to our structural labor problems, big questions about stagnant wages and underemployed workers remain.
Will labor market tightening do anything to accelerate wage growth for middle- and lower-class workers? Will it ease the difficulties manufacturers and other skills-based employers face in finding an adequately trained workforce? Almost certainly not.
While today’s college-educated workers stand ready to step in to managerial and professional roles, those with only a high school degree or some college frequently frequently lack the skills to provide adequate value to employers. The result has been to accelerate the shift toward mechanization, further decreasing the opportunities for those who need them most...Read More At: http://www.rstreet.org/2014/10/22/america-should-learn-from-the-german-job-training-model-but-not-copy-it/
- - Volume: 2 - WEEK: 44 Date: 10/28/2014 8:32:32 AM -