The "Skills Gap" Myth

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There are eight point two MILLION job openings in America right now, and around seven million people actively looking for a job…

There are also millions of American who have simply given up on even trying to look for a job, but still companies are complaining that they can’t get the people they need…

There is one reason that has been used time and time again to explain this all. Yep… the skills gap…

There are people looking for work, and jobs on offer… but the skills of those people and the requirements of the jobs just don’t line up…

It’s a simple elegant explanation to a major problem… but it’s also almost entirely made up…

The skills gap also known as the skills shortage, or just good old structural unemployment is a convenient excuse for a lot of the major issues in todays job market that are often swept under the rug by businesses, politicians, and even economic statistics.

If a hospital is hiring a doctor, but the only person in the town looking for a job has a degree in computer science then obviously that role is not going to be filled regardless of how much time and effort the applicant has put into their education.

The argument that you would have seen is that this same problem is playing out everywhere across the world which is why even if companies claim to be desperate to hire people, you may struggle to find a job…

The whole argument conveniently shifts the blame of any labor market problems onto the workers because they are the ones that haven’t trained the right skills or developed the right experience.

So it’s time to learn How Money Works to find out how the myth of the “skills gap” helps everyone… but you.

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In conversation with Alexander Payne