Best of the Week
Most Popular
1. Dollargeddon - Gold Price to Soar Above $6,000 - P_Radomski_CFA
2.Is Gold Price On Verge Of A Bottom, See For Yourself - Chris_Vermeulen
3.Dow Stock Market Trend Forecast 2018 - Nadeem_Walayat
4.Gold Price to Plunge Below $1000 - Key Factors for Gold & Silver Investors - P_Radomski_CFA
5.Why The Uranium Price Must Go Up - Richard_Mills
6.Dow Stock Market Trend Forecast 2018 - Video - Nadeem_Walayat
7.Jim Rogers on Gold, Silver, Bitcoin and Blockchain’s “Spectacular Future” - GoldCore
8.More Signs That the Stock Market Will Rally Until 2019 - Troy_Bombardia
9.It's Time for A New Economic Strategy in Turkey - Steve_H_Hanke
10.Fiat Currency Inflation, And Collapse Insurance - Raymond_Matison
Last 7 days
Are Technology and FANG Stocks Bottoming? - 18th Sep 18
Predictive Trading Model Suggests Falling Stock Prices During US Elections - 18th Sep 18
Lehman Brothers Financial Collapse - Ten Years Later - 18th Sep 18
Financial Crisis Markets Reality Check Now in Progress - 18th Sep 18
Gold’s Ultimate Confirmation - 18th Sep 18
Omanization: a 20-year Process to Fight Volatile Oil Prices  - 18th Sep 18
Sheffield Best Secondary Schools Rankings and Trend Trajectory for Applications 2018 - 18th Sep 18
Gold / US Dollar Inverse Correlation - 17th Sep 18
The Apple Story - Trump Tariffs Penalize US Multinationals - 17th Sep 18
Wall Street Created Financial Crash Catastrophe Ten Years Later - 17th Sep 18
Trade Wars Are Going To Crash This Stock Market - 17th Sep 18
Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - 17th Sep 18
Financial Markets Macro/Micro View: Waves and Cycles - 17th Sep 18
Stock Market Bulls Prevail – for Now! - 17th Sep 18
GBPUSD Set to Explode Higher - 17th Sep 18
The China Threat - Global Crisis Hot Spots & Pressure Points - 17th Sep 18 - Jim_Willie_CB
Silver's Relationship with Gold Reaching Historical Extremes - 16th Sep 18
Emerging Markets to Follow and Those to Avoid - 16th Sep 18
Investing - Look at the Facts to Find the Truth - 16th Sep 18
Gold Stocks Forced Capitulation - 15th Sep 18
Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - 15th Sep 18
Trading The Global Future - Bad Consequences - 15th Sep 18
Central Banks Have Gone Rogue, Putting Us All at Risk - 15th Sep 18
Gold Price Seasonal Trend Analysis - 14th Sep 18
Growing Number of Small Businesses Opening – and Closing – In the UK - 14th Sep 18
Gold Price Trend Analysis - Video - 14th Sep 18
Esports Is Exploding—Here’s 3 Best Stocks to Profit From - 13th Sep 18
The Four Steel Men Behind Trump’s Trade War - 13th Sep 18
How Trump Tariffs Could Double America’s Trade Losses - 13th Sep 18
Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - 13th Sep 18
Trading Cryptocurrencies: To Win, You Must Know Where You're Wrong - 13th Sep 18
Gold, Silver, and USD Index - Three Important “Nothings” - 13th Sep 18
Precious Metals Sector On a Long-term SELL Signal - 13th Sep 18
Does Gambling Regulation Work - A Case Study - 13th Sep 18
The Ritual Burial of the US Constitution - 12th Sep 18
Stock Market Final Probe Higher ... Then the PANIC! - 12th Sep 18
Gold Nuggets And Silver Bullets - 12th Sep 18
Bitcoin Trading - SEC Strikes Again - 12th Sep 18

Market Oracle FREE Newsletter

Trading Any Market

What Does it Take to Create Living Wage Jobs?

Politics / Wages Apr 18, 2018 - 04:19 AM GMT

By: BATR

Politics

For those with the practical experience of being an employer, it is well established that in order for an enterprise to survive, profitability is a primary objective. Employing labor is a function of fulfilling a needed task and matching the skills of the worker with the ability of making or running equipment in order to produce the end product for sale. These conditions are the basics when applicants are hired. Putting aside cultural values of work itself, the methods for training the expertise to become productive are often overlooked by managers in the fast paced and changing work environment. Resolving this problem is the practical path on how to build a viable workforce, which in turn would go a long way to be able to pay a living wage.


Harry J. Holzer from The Brookings Institution outlines a proven process for Creating skilled workers and higher-wage jobs.

"Many US employers now choose “low road” human resource models, where they seek to profit only by minimizing labor costs, rather than investing in skilled employees who would be more productive and committed to their businesses (the “higher road” to competitiveness and profitability).  But they could make other choices. Interestingly, when German manufacturers open plants in the US (where they enjoy lower energy costs and greater access to our consumer markets), they create more apprenticeships and other worker training programs than their American counterparts."

Such manufacturing companies have usually set their own employment standards and paid for the training required to teach the prospective employee. The public financing of higher education was adopted post WWII, in such programs as the GI Bill. Rebuilding Europe and Japan put into motion the retraining education where one objective was to transfer the knowledge for practical job careers.

The education explosion of degree mills in disciplines that have little to do with the real world has left a glut of untrained and underachievers. The Hechinger Report asks, Are apprenticeships the new on-ramp to good jobs?

"The traditional high school-to-college-to-employment route has hit a number of potholes recently, among them cripplingly high college tuition and growing concern that higher education is disconnected from emerging work opportunities. Although demand for jobs requiring bachelor’s degrees is rising at twice the rate of those requiring only high school diplomas, there’s a growing sense among some companies, including Zurich, that baccalaureates aren’t necessarily the best way for students to gather meaningful job skills and experience."

This is an obvious conclusion. Those beholden to the government dependency society will view with alarm that public spending for workforce training is relatively low when compared to the European socialist states. However, who still believes that a college degree is so desirable when the burden of paying for such highly overrated matriculation is so poorly rewarded in the job market?

Companies who want to build a sound organization understand that developing the proficiency of their employees is one of their greatest assets. Since the benefit of apprenticeship programs mostly are reaped by corporations, the primary responsibility for funding should fall on their organizations. Nonetheless, the coordination and support for such endeavors can be advanced through the United States Department of Labor, as defined by How does apprenticeship fit into career pathways?

"Apprenticeship programs are a key asset for state and local workforce systems’ career pathway strategies. Apprenticeship can be a partner in the K-12 educational system and an integral part of career and technical programs in high schools. School or community-sponsored pre-apprenticeship programs can be valuable training approaches and serve as the start of a career pathway, which leads to Registered Apprenticeship opportunities for youth or low-skilled adult workers.

Apprenticeship programs pave the way for career-building and life-long learning through the attainment of stackable credentials. The foundation of the apprenticeship model is the continual building of skills and the ability for workers to obtain higher levels of employment in an occupation or industry. As a result, use of the apprenticeship model can provide communities with a competitive advantage by establishing a continual pipeline of qualified workers for local employers."

Workers want to earn a living wage. Employers want stable, competent and efficient employees. When the formal academic institutions fail in the crucial mission of preparing their pupils for the hardened circumstances of the work environment, they cheat not only their students, but also companies. Snowflakes do not last long when the heat turns up to engender results on the job.

Most everyone knows that America needs to rebuild its infrastructure. 10 Fast-Growing Jobs That Offer Apprenticeships needed to attain that renovation are:

·         Elevator Installers and Repairers

·         Pile-Driver Operators

·         Plumbers, Pipefitters, and Steamfitters

·         Electricians

·         Structural Iron and Steel Workers

·         Mechanical Insulation Workers

·         Brickmasons, Blockmasons, and Stonemasons

·         Carpenters

·         Solar Photovoltaic Installers

·         Cement Masons and Concrete Finishers

What all these trades have in common is that apprentices are required to work hard. In an economy this attribute is seldom discussed much less taught in school. Learning this know-how will gain a living wage pay check. Nevertheless teaching such common sense in classes that emphasize computer encoding avoids the economic consequences of artificial intelligence which is designed to replace the programmer with an autonomous system of unconstrained code generating machines.  

As the collectivist economy stamps down gainful employment options, succeeding generations will struggle even harder to eke out a marginal living. Few people have the courage and dedication to become proprietors of their self-owned businesses. Most entrepreneurs do not succeed. Workers with meaningful skills; however, have a marketable future. If society revamped their delusion about what it takes to actually earn a living, introducing extensive apprenticeship schooling would be a profound improvement over the wasted subjects taught within the education system.

When interest rates rise to their historic levels, finding a decent job may well become even more difficult. Skill-less is an unimpressive qualification on a resume. Learning a useful craft does not mean basket weaving. No one will pay you a living wage when you cannot produce a meaningful benefit.

Source: http://batr.org/merchantry/041818.html

Discuss or comment about this essay on the BATR Forum

http://www.batr.org

"Many seek to become a Syndicated Columnist, while the few strive to be a Vindicated Publisher"

© 2018 Copyright BATR - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors

BATR Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules