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Reskilling And Refitting
- Due to the pandemic, millions have had to say goodbye to their existing jobs, as companies and stores make positions redundant or go bankrupt themselves.
- Training oneself or upgrading to newer, better skills seems like a good idea to hedge oneself against the indirect consequences of the virus unleashed on the world this year.
- Many companies and governments have given signals that new skills are key to steady employment.
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The Problem With Reskilling
- Globalisation and technological progress have impacted the well-paid ‘blue-collar’ jobs negatively, apart from disrupting routine office work. Addressing a skills gap by training workers sounds great in theory, but various studies point out to a different reality: skilled workers are already in oversupply.
- The problem arises from the retraining occupations that workers are doing, which may not be what the industry requires, but just a small fraction of the total vacancies. Add to this the fact that technology itself is automating tasks at a brisk pace, eliminating thousands of jobs altogether.
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Realism About Reskilling
The push towards reskilling is not a scam, but merely a misalignment of incentives and a myopic focus on ‘skilling’, which does not shine a light on the numerous other factors that prevent people from getting new jobs, or keep them stuck in dead-end jobs:
- Lack of interoperability between organisations for employer health or retirement plans.
- Lack of decent-paying entry-level jobs.
- Logistical and commuting issues of the employee.
- Lack of guidance and support to laid-off employees from the industry.
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