You constantly hear that manufacturing jobs are being lost to get lower costs overseas. Could it be that we actually have a shortage of skilled workers? That we are educating too many kids in college with the wrong skills?
The Organization for Economic Cooperation and Development did a study that showed less than 10% of teenagers in the U.S. learned skilled trade careers for jobs with manufacturers and utilities.
We have had this shortage for over twenty years. As a result, there aren’t sufficient qualified workers in many areas of essential work. And the workforce is getting older, so the problem is becoming more acute.
We get more unemployable college grads, amid more lawyers and the like, but with more manufacturing jobs sent overseas where the skills may be. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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