An article about woes in the high-tech sector helps explains our perma-temporary jobs deficit. The crisis in the U.S. workforce is partly Cyclical (a short-term drop in demand):
"We are talking about people with very particular, advanced skills out there who are at this point just not needed anymore," says Bart van Ark, chief economist at the Conference Board, a business and economic research organization. "Even in this sector, there is tremendous insecurity."
...partly Structural (a long-term mismatch of workers and jobs):
The chief hurdles to more robust technology hiring appear to be increasing automation and the addition of highly skilled labor overseas. The result is a mismatch of skill levels here at home: not enough workers with the cutting-edge skills coveted by tech firms, and too many people with abilities that can be duplicated offshore at lower cost.
...and partly Strucylical (people out of work due to a short-term drop in demand see their skills atrophy)
That's a familiar situation to many out-of-work software engineers, whose skills start depreciating almost as soon as they are laid off, given the dynamism of the industry.
Read the full story at the New York Times.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.