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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.23+2.3%Dec 22 4:00 PM EST
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To: marcher who wrote (129257)1/30/2017 11:28:21 AM
From: Horgad1 Recommendation

Recommended By
marcher

   of 218670
 
I think the first couple of comments after that article hold some truth:

<Begin Quote>

moltenmetal • 3 years ago

Bravo! It's about time we had a well-researched summary paper written on this subject. In Canada, per the 2006 census, only about 30% of engineering graduates worked as engineers or engineering managers. There isn't a shortage of engineers in Canada, hasn't been for two decades, and won't be as a result of demographic shift as the baby boomers retire. Rather, there's a shortage of employers willing to hire young people and TRAIN THEM. They call this a "skills shortage": they can't find sufficient numbers of people with 10 years of experience because they didn't hire fresh grads 10 years ago.

walla walla moltenmetal • 3 years ago

Exactly. Many entry level jobs require 3-4 years experience in their particular sector or field. With this kind of catch-22 nonsense, good luck getting your foot in the door after graduation.

<End Quote>

What is being hired for by a given company at a given moment can be very specific and if given the chance they will search the world trying to find someone who can hit the ground running as opposed to hiring someone that needs trained. Here we hire a limited number of college grads every year and attempt to train them, but constantly seek specific skills/experience and can never find enough in the US.

In demand tech skills move so fast many can't or don't want to keep up...especially when you are expected to do the your own training on your own time. The ones that manage to keep up on doing their jobs and keeping up with the changing skills market are working 60 hours a week. Everyone else is likely slowly or quickly (depending on what they are working on) becoming obsolete.

At least here they are using H1Bs not to save money on salaries but to get high demand skills without the cost of training or retraining US workers. (Others, of course, may use H1Bs and outsourcing strategically to cut salaries.)
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