Tyler Cown, a professor of economics at George Mason University, wrote a New York Times article, with the same title as this post (http://www.nytimes.com/2013/09/08/business/a-dearth-of-investment-in-young-workers.html?_r=0). What is troubling is his argument that due to a slow economic recovery, that much of our nations youth are being bypassed. Suggesting that these workers will not attain the economic status of their parents or achieve the desire of being middle-class.
Mr. Cown’s article makes the following points:
- Businesses have been and are expected to continue to be unwilling to invest in teaching skills to their new staff.
- That these same businesses are investing in information technologies that eliminates dependency on staff, and,
- Staff can expect to have more of their training and education delivered to them online.
The article is a bit sobering and does not point to a rosy outlook. Reading is does, however, provide opportunities for companies who wish to take an alternative path to success. It also creates opportunities for firms delivering affordable solutions to these companies to provide the training that they remain willing to deliver.