Opinion | Ivanka Trump's new program wants to fight unemployment by closing the 'skills gap.' But that's a fundamental misunderstanding of how the economy works. By AngelaHanks of Groundwork.
suggested the "coming wave of automation and digital technology" and demand for more skilled workers has arrived with the growth of telecommuting in the coronavirus economy.
It's clear that millions of Americans are out of work not because they lack the skills to get a job, but because the government has failed to contain the pandemic and mitigate the devastating economic fallout.In severe downturns like the current crisis or the Great Recession it's clear that it's not a lack of skills keeping people out of work. So what why does this myth persist?
When the supply of workers suddenly increases—in this case as a result of a pandemic—employers can afford to be choosier about who they hire, what wages they pay, and the skills required to do the job. Indeed, there is evidence that shows thatdepending on the strength of the labor market.
Just as concerning, the skills gap narrative puts the onus on the individual to improve their skills, while absolving public institutions of their role in creating good jobs, raising wages, establishing meaningful labor standards — or in this case, keeping families and the economy afloat amid an unprecedented crisis. It also ignores how deeply baked racism and sexism are in our labor market and how that impacts the distribution of jobs and wages.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meet Stephen Ross: Inside his life and $7.2 billion net worth - Business InsiderStephen Ross — Trump donor and Equinox chairman — is reportedly mobilizing a $100 million campaign to elect NYC's next mayor. Take a look at how one of the city's richest residents built his fortune.
Read more »
Inside Santa Barbara County, Prince Harry and Meghan Markle's new home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Trump's $300 unemployment boost could leave out 1.5 million low-wage workers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Lloyd's has unveiled the insurtechs that'll take part in its fifth accelerator program - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Trump WeChat ban worries business leaders at Apple, Disney, Walmart - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Under Trump, SEC Enforcement Of Insider Trading Dropped To Lowest Point In DecadesKodak and Sen. Richard Burr, R-N.C., are facing high-profile insider trading investigations, but data show the Securities and Exchange Commission pursued far fewer insider trading cases last year.
Read more »