The myth of the ‘skills mismatch’

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Jacob Richter
The myth of the ‘skills mismatch’


According to Kiviat, the skills mismatch narrative began in the 1980s and paralled the declining trend of on-the-job training and the rise of expensive universities and colleges, which shifted the cost and responsibility of training workers from the employers to the workers themselves.

The skills mismatch argument, Kiviat says, mostly serves an ideological purpose since it has given politicians on both sides of the political divide an opportunity to blame the other for high unemployment, while employers get an opportunity to demand that taxpayers and workers, not companies, bear the cost of training employees



Wow, I think there is a lot missing from Kiviat's analysis. Where do we start?  No mention of the new class war waged by banking and finance since the 1980's. No mention of offshoring technology and jobs.

1. Workers need access to education and retraining regardless of who pays for it.

2. They have to fix the banking and monetary system. Banks are supposed to serve society not the other way around.

The new class war is one of finance and banking. Marx said industrialists would never be so stupid as to let bankers overthrow industrial capitalism. In fact, they were that stupid, and Marx was correct. They were that stupid, and the new liberal capitalism has all gone fubar as a result. Three decades three recessions. It's broken.