In recent article by Frederick Hess for The Atlantic, economists have estimated that “25 percent of the unemployed are out of work due to skill-job mismatches. Experts have also said that today’s unemployment rate of 9.2 would be closer to 8 percent if a majority of these jobs were filled. When it’s difficult and costly for employers to find skilled workers, employers either don’t hire or they concentrate their growth overseas.”
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“The training and skills discussion is less about bachelor’s degrees and more about those who need a top-shelf technical education.” So where can mid-career employees seek additional technical training?
The fact is, “community colleges retain a balky and inconvenient academic calendar, and frequently do a less-than-stellar job of linking their instruction to local workforce needs. Moreover, they've been slow to meet new needs, instead insisting that they first require new state subsidies.”
Therefore, most growth in career and technical education in the past decade has been driven by for-profit institutions. With flexible scheduling, accessible online courses, and niche degree programs, workers have turned to for-profit colleges as a “convenient, cost-effective, high-quality option for an advanced degree.”
With high-quality retraining offered at for-profit schools, it is no longer likely for “workers in struggling industries to get stuck in the same job, for their skills to atrophy, and for their networks and work habits to erode.” Heavy regulation targeting for-profiting schools contributes directly to the shrinking supply of skilled workers, discouraging employers and leading many big firms to outsource.
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The fact is, “community colleges retain a balky and inconvenient academic calendar, and frequently do a less-than-stellar job of linking their instruction to local workforce needs. Moreover, they've been slow to meet new needs, instead insisting that they first require new state subsidies.”
With high-quality retraining offered at for-profit schools, it is no longer likely for “workers in struggling industries to get stuck in the same job, for their skills to atrophy, and for their networks and work habits to erode.” Heavy regulation targeting for-profiting schools contributes directly to the shrinking supply of skilled workers, discouraging employers and leading many big firms to outsource.
When it comes to job creation, for-profit institutions provide a crucial lift for the business community. While job creation is an especially timely challenge, the robustness of the for-profit education industry can make an enormous positive change in our economy.
nation's future to be a dumping ground for academic
underachiever or problem students.We must help
our youth to choose satisfying jobs and encourage them to take extensive training and, in return, see
that they are well rewarded.
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