Saturday, July 3, 2010

Recalculation in the Manufacturing Labor Market

A new NY times story about how manufacturing jobs are having difficulty hiring people because of a skills shortage.  


Some random thoughts:
  • This seems to me to be a failure of education.
  • Eventually companies in the US will have to increase and fund their own education efforts (beyond just specific skills training), because it seems that our k-12 educational establishment has failed to teach a significant portion of our labor force.
  • This all fits Arnold Kling's "recalculation" story.


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2 comments:

  1. AnonymousJuly 22, 2010 at 10:21 PM

    You can easily find people who can do 9th grade math, but they won't get paid $12/hr.

    ReplyDelete
  2. Doc MerlinJuly 23, 2010 at 11:17 AM

    @anonymous:
    Almost everyone I know who can do 9th grade math (basic algebra). Ended up going to college, so maybe there is an odd break in the distribution near that skill level?

    ReplyDelete

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