The Problem With Reskilling - Deepstash

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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