Learn more about career with this collection
How to analyze churn data and make data-driven decisions
The importance of customer feedback
How to improve customer experience
It’s common in economics to refer to labor that does not require extensive specialized training or certification as “unskilled.” But used outside of the academic field, it’s a term that obscures much more than it reveals.
By implying low-skilled workers inherently don’t have the academic chops to do the higher-paid, remote, work-from-home job
When people refer to low-skill workers, the more precise term would be low-wage. There is nothing inherently unskilled about standing in a hot kitchen for hours cooking or picking countless pieces of fruit every day in the blistering heat.
This isn’t a pedantic distinction. The failure to understand that skill does not track with wages often leads people to advocate for bad policies that don’t actually help low-wage workers access a more financially stable future.
Policymakers have often erred in attempting to respond to unemployment issues by trying to make employees more “skilled.”
In the aftermath of the Great Recession, pundits and politicians alike made a ton of noise about the so-called “skills gap,” essentially blaming workers for not having the right credentials or expertise for the jobs that were available.
During a recession, the balance of power is in employers’ hands. Bosses knew that many people were out of work; they could stand to be picky when it came to hiring and so they demanded more credentials, complaining when applicants didn’t meet that high bar. Only when the labor market tilted in workers’ favor did they bother to take less obviously credentialed applicants more seriously and stop bleating about a “skills gap.”
Wages aren’t based on skills, they’re based on scarcity and want. You could be the best Ping-Pong champion in the world, and if nobody wants to watch Ping-Pong you probably won’t make a living playing the sport.
Alternatively, you could be a terrible construction worker, but if there’s a severe enough shortage of people needed to build houses, you could get by without ever improving your “skills.”
During the pandemic, the government has pursued expansionary fiscal and monetary policy. As a result, many workers have been empowered to find new and better jobs fueling the “Great Resignation” as they abscond from their employers for better opportunities. These workers did not suddenly become more skilled over the last two years, they gained leverage in a labor market that can no longer demand they jump through hoops in order to do a job they always had the ability to do.
MORE LIKE THIS
Ready for the next level?
Read Like a Pro
Explore the World’s
Save ideas for later reading, for personalized stashes, or for remembering it later.
# Personal Growth
Take Your Ideas
Just press play and we take care of the words.
No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.
Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.
2 Million Stashers
This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!
Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.
Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.
Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
Read & Learn
Access to 200,000+ ideas
Access to the mobile app
Unlimited idea saving & library
Unlimited listening to ideas
Downloading & offline access
Claim Your Limited Offer
Get Deepstash Pro
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates