Friday, August 27, 2010

Like I've beensaying for 7 years or so now...

Lack of skilled workers threatens recovery

Nick Zieminski  NEW YORK (Reuters)

http://finance.yahoo.com/news/Lack-of-skilled-workers-rb-1457929627.html?x=0

NEW YORK (Reuters) - Workers with specialized skills like electricians, carpenters and welders are in critically short supply in many large economies, a shortfall that marks another obstacle to the global economic recovery, a research paper by Manpower Inc (NYSE:MAN - News) concludes.
"It becomes a real choke-point in future economic growth," Manpower Chief Executive Jeff Joerres said. "We believe strongly this is really an issue in the labor market."...

The shortage of skilled workers is the No. 1 or No. 2 hiring challenge in six of the 10 biggest economies, Manpower found in a recent survey of 35,000 employers. Skilled trades were the top area of shortage in 10 of 17 European countries, according to the survey.

Since the 1970s, parents have been told that a university degree -- and the entry it affords into the so-called knowledge economy -- was the only track to a financially secure profession. But all of the skilled trades offer a career path with an almost assured income, Joerres said, and make it possible to open one's own business.

More:                 http://finance.yahoo.com/news/Lack-of-skilled-workers-rb-1457929627.html?x=0