Manufacturer needs and worker skills don't match up
Manufacturing jobs are growing slowly because laborers don't have the skills that factories need.
Manufacturing jobs are growing slowly because laborers don't have the skills that factories need.
Wells Fargo's Chief Economist is out with a look at the skills mismatch between what manufacturers need versus what the labor force in America can actually do.聽 John Silvia notes that this mismatch is nothing new even as it seems more and more pronounced.
Further, his research finds that, like most things, the disconnect is a regional thing - certain parts of the country have fared better than others.
One of the big surprises in this endless balance sheet recession is that we haven't seen a lot more migration a la the Depression where people went to where the work (or the charity) was.聽 Especially given the disparity in regional economic strength this go-round.