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Cancelling Student Debt Reduces the Racial Wealth Gap – Current Affairs | Culture & Politics
What is incredible in all this is that the skills gap is the least helpful way to think about rising inequality. It posits that well-paid workers are well-paid because they possess the scarce skills that bosses need. If that were true, then earnings for such skilled workers should have increased, but they have not. Instead, earnings for unskilled workers have decreased, and what counts as a “skilled worker” in terms of education credentials has spiraled further and further out of reach. The basic assumption here—that individual skills determine earnings—is now considered by labor economists to be false.

The skills gap neither explains why rich people are rich and everyone else isn’t, nor does it provide a policy prescription likely to solve inequality. Yet the false premise lives on, along with the new tragedy that it created: a large disadvantaged population unable to pay off its student debt. This population was something the skills gap theory failed to predict: It assumed that taking on student debt in exchange for more educational credentials would itself cause higher earnings that would then be applied to pay down the student debt. 
skills_gap  labor_theory_of_value  wage_gap  student_loans  racism  racial_wealth  wealth_gap  wealth  marshall_steinbaum 
september 2019 by perich
The skills employers are desperate for—and 4 ways higher ed can provide them | EAB
In an effort to balance the mismatched job market in data science and analytics, PwC and the Business-Higher Education Forum published a report highlighting four ways higher education can take action.
april 2017 by generoche49
Jason Kenney tells private sector: stop ‘freeloading’, invest in training | Ottawa Citizen
Kenney said the private sector must do far more to train workers to help fill the skills gap in Canada and solve the problem of underemployment, especially among youth.

“It’s about bending the arc in the direction of more employer-led, demand-driven training. But at the end of the day, yes, I’m a Conservative and I stand up in front of business audiences and say, ‘You guys have been, to some extent, freeloading on the public training system.’ We need to see businesses put more resources into skills development,” Kenney told reporters following his speech.
skills_training  skills_gap  employment  Canada 
october 2014 by pathways_to_education
The US Manufacturing Industry is Growing; Here's How to Keep it Strong | The Aspen Institute
While China and other countries face challenges to their once-burgeoning manufacturing sector, all signs in the US are pointing to a growing industry now seen as a "rising star" in the world market. Thanks to an abundance of natural gas cutting energy costs, an increase in auto sales, and a host of other factors, the US manufacturing industry is now growing at its fastest pace within the past three years. But there's one obstacle standing in the way of a full US resurgence and the improved job numbers that could come with it: a lack of skilled American workers. 
blog  manufacturing  skills_gap  workforce_development  workforce_demand  international_comparisons  september14  from delicious
september 2014 by LuminaHigherEdNews
Why not having a college degree is a bigger barrier than it used to be - The Washington Post
Jeanne Marrin, 48, comes from what she calls an “HR family.” She runs a human resources consulting company out of Manhattan, pinch hitting for big nonprofits when they need help hiring and setting up procedures. One of her sisters helps with that business, and another sister runs her own workplace culture consultancy in Washington. Marrin’s father has managed HR departments as a vice president of finance, and her mother is an assistant vice president of employee relations at a large non-profit hospital in the Bronx. Her brother is the black sheep, running a moving company in Raleigh, N.C.
workforce_development  degree_value  skills_gap  september14  from delicious
september 2014 by LuminaHigherEdNews
Skills Gap Bumps Up Against Vocational Taboo - WSJ
The Obama administration and governors from Michigan to North Carolina have a solution for some of the U.S. manufacturing sector's woes: German-style apprenticeship programs.
obama  skills_gap  workforce_development  apprenticeships  international_comparisons  germany  vocational_education  september14  from delicious
september 2014 by LuminaHigherEdNews
Community College And The Four-Year Degree -
When you think of community colleges, what springs to mind? A campus open to the public? An institution that serves the community? Or do you think of two-year associate degrees?
blog  community_colleges  skills_gap  bachelors_degrees  college_access  september14  workforce_development  from delicious
september 2014 by LuminaHigherEdNews
Viewpoints: America’s ‘skills gap’ goes far beyond computer engineering - Viewpoints - The Sacramento Bee
Labor Day offers an opportunity for politicians and economists to offer their two cents on the state of labor. It’s a good bet that some of that commentary will focus on the so-called “skills gap” – the notion that millions of jobs in highly technical fields remain unfilled while millions of Americans without those skills remain unemployed.
california  US-CA  opinion  skills_gap  september14  workforce_development  from delicious
september 2014 by LuminaHigherEdNews
Manufacturing jobs are open, but skills gap holds back high-tech industry | The Kansas City Star
The quest is on throughout the Kansas City area. At A&E Custom Manufacturing, they’re looking for someone with welding and robotic machine experience.
missouri  US-MO  skills_gap  workforce_development  august14  from delicious
september 2014 by LuminaHigherEdNews
Schnurman: Who fixes the skills gap? | Dallas Morning News
The great jobs mismatch won’t seem to fade away. The recession ended five years ago and companies have almost 5 million openings nationwide, yet 10 million people are looking for work. An additional 7.5 million part-timers want full-time jobs.
opinion  texas  US-TX  skills_gap  workforce_development  september14  from delicious
september 2014 by LuminaHigherEdNews
How to close the skills gap
Looking to get rich? Try welding. For the third consecutive year, positions in the skilled trades are the hardest to fill, according to a survey of American employers conducted by the Manpower Group. This shortage is why a master welder can earn a six-figure salary - without a college degree.
opinion  pennsylvania  US-PA  workforce_development  skills_gap  august14  from delicious
september 2014 by LuminaHigherEdNews
Partnering to fill the skills gap in Houston
Houston is growing, and with that growth comes jobs. More jobs mean a stronger economy. But employers are struggling to find qualified, skilled workers. That's where San Jacinto College (SJC) comes in.
texas  US-TX  skills_gap  workforce_development  august14  from delicious
august 2014 by LuminaHigherEdNews
How to educate Americans for jobs? Ask the Germans, employers urge | The Hechinger Report
Two years. That’s how long it takes William Lankin’s fast-growing electrical contracting company to teach new hires with four-year university degrees the tricks of the trade.
community_colleges  workforce_development  skills_gap  international_comparisons  germany  apprenticeships  august14  lumina-supported  lumina-mentioned  from delicious
august 2014 by LuminaHigherEdNews
What’s better: Skills or degrees? - eCampus News | eCampus News
According to a recent national survey on whether employees value their degrees more than skills training, though most employees say higher education is still a must, skills training is what’s more important to their career.
skills_gap  degree_value  workforce_development  workforce_demand  august14  from delicious
august 2014 by LuminaHigherEdNews
Louisiana higher education leaders to business community: WISE Fund will help fill workforce demands |
Higher education and workforce development leaders hosted a panel Tuesday to discuss how the Workforce and Innovation for a Stronger Economy Fund will help Louisiana fill its growing demand for qualified and skilled labor.
louisiana  US-LA  business_leaders  workforce_development  skills_gap  community_colleges  august14  from delicious
august 2014 by LuminaHigherEdNews
Tips for creating industry curriculum
The nation’s community colleges have long taken pride in their ability to react to economic change: A blue-chip employer opens a factory — the local community college provides the training. Emerging industries, such as wind and solar, create new career opportunities — the college offers certificates and degrees to enable students to land those jobs.
community_colleges  workforce_development  skills_gap  career_and_technical_education  august14  from delicious
august 2014 by LuminaHigherEdNews

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