Is the manufacturing skills gap a myth, or a real threat to competitiveness?
BOILER-PIPE: Wall Street Journal took this as evidence that companies were simply “trying to stick the government with the bill for training workers” There are two major problems with this interpretation. First, while unemployment allows firms to be choosier in whom to hire, it does not give them an incentive to leave positions vacant.
employment, so this might not sound like a big deal—but it is. Lack of talent could undermine the competitiveness of U.S. manufacturers, and accelerate their efforts to automate. Meanwhile, many new workers will miss out on challenging jobs with above-average pay that can open the way for rewarding careers.
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Millions of American jobs are going unfilled because of the 'skills gap,' and Prudential's vice chairman says the responsibility for closing it largely rests on companies like his ownA new Prudential survey found about 80% of Americans want companies to provide better skills training, a role the company is now working to provide.
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