The Contrarian View About Jobs
Oct 23, 2012
It seems like everyone is talking about jobs these days, especially in the US during this election season. CBA has always been the contrarian in the room - the one in the back when Groupthink threatens to take over, that jumps up and says, 'Wait a minute, not so fast!'
So in this situation, again we feel we must protest the current narrative
that's unfolding in what passes for thinking in terms of the global workforce.
Here's what we've been hearing: companies are sitting on piles of cash, and have job openings that go unfilled because managers can't find people with the right skills to hire. So they post jobs on their websites, and collect resumes for months and months, but never hire anyone. Why is this? Here is the narrative:
We need more math and science taught better at an earlier age, and the schools and universities aren't producing enough American citizen graduates. We need people that know how to develop the future high tech products that unborn prospective customers of companies like Microsoft want so Microsoft will be innovative and competitive again and C-suite stock options will be worth what they used to be. And they need to be willing to work for $40,000/year on contract.
It's the government's fault. We need more H-1 visas so we can hire the mythical PhD/MBA/MSEE 20-year old Einsteins from Asia that are getting educated in the US and are willing to work for $40,000/year on contract.
Our workforce is too old. The engineers we have keep complaining about stupid things like, R&D funding cuts; having to work with teams that are located seven time zones away at 3 am; reaching the boundaries of the laws of physics.
The new hires are lazy and spoiled. They want to be millionaires by the time they are 25 and complain because we don't have free beer available at 10 am.
So what are we missing? Let us know where we are going wrong in this analysis by commenting on the blog.
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