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Unemployment and Skills

"I have some experience with this as an employer, and I submit that there are very, very few people under the age of 35 who possess any job qualifications whatsoever.

Folks, we are turning out high school graduates who are completely unprepared for adult life. There are many reasons, not the least of which are the internet, social media and 24/7 instantaneous communication.

What I see in my business is that young adults have absolutely no problem solving skills whatsoever."

Comment by GreenRiver

GreenRiver is a frustrated business owner who has difficulty in finding qualified employees out of sea of 15 million officially unemployed and a few million more discouraged people without work who have stopped looking for jobs.

An article this week by Vincent Fernando at Business Insider - The Money Game,
addresses the same pointFernando writes:

Current U.S. unemployment isn't just about a lack of job creation from companies, outsourcing, or a lack of trade protections.

Sometimes it's just due to a lack of skills on the part of Americans.

The case described involves Ben Venue Laboratories, a Cleveland area contract drug maker for pharmaceutical companies.  The company has 100 job openings with starting pay at $13 to $15 an hour (average about $31,000 per year).  They have reviewed about 3,600 job applications so far this year and have found only 47 people to hire.

Does Ben Venue ask for too high a skill set?  It doesn't seem that way.  The requirement is competency in reading and math at the ninth grade level. 

GreenRiver recounts the experience of an Army recruiter who found that a high school valedictorian could not pass the military's basic competency exam without the use of a calculator to do simple arithmetic (addition, subtraction, multiplication and division).

This is the condition of the world's most powerful economy?  If so, how can it remain in that position for long?

I am reminded of the standard trouble shooting process for computer programs from my more youthful days.  No program could be considered ready for use until it could reproduce results from several different hand calculations.  How are computer program calculations verified today?  Are we getting to a point where, if two computer programs give different results, we will have trouble finding the people to sort out the bugs?

Maybe we'll have to get someone in Asia to do it. 

Disclosure: No stocks mentioned.