The Insidious Myth of the "Skills Gap"

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  • Опубликовано: 30 сен 2024
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    #jobs #business #career
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    There are eight point two MILLION job openings in America right now, and around seven million people actively looking for a job…
    There are also millions of American who have simply given up on even trying to look for a job, but still companies are complaining that they can’t get the people they need…
    There is one reason that has been used time and time again to explain this all. yep… the skills gap…
    There are people looking for work, and jobs on offer… but the skills of those people and the requirements of the jobs just don’t line up…
    It’s a simple elegant explanation to a major problem… but it’s also almost entirely made up…
    The skills gap also known as the skills shortage, or just good old structural unemployment is a convenient excuse for a lot of the major issues in todays job market that are often swept under the rug by businesses, politicians, and even economic statistics.
    If a hospital is hiring a doctor, but the only person in the town looking for a job has a degree in computer science then obviously that role is not going to be filled regardless of how much time and effort the applicant has put into their education.
    The argument that you would have seen is that this same problem is playing out everywhere across the world which is why even if companies claim to be desperate to hire people, you may struggle to find a job…
    The whole argument conveniently shifts the blame of any labor market problems onto the workers because they are the ones that haven’t trained the right skills or developed the right experience.
    So it’s time to learn How Money Works to find out how the myth of the “skills gap” helps everyone… but you.

Комментарии • 1,5 тыс.

  • @HowMoneyWorks
    @HowMoneyWorks  День назад +34

    🔒 Secure your privacy with Surfshark! Enter coupon code MONEY for 4 months EXTRA at → surfshark.com/money

    • @heyitsgeorge
      @heyitsgeorge День назад +4

      dont

    • @GrayneTechno
      @GrayneTechno День назад

      dont

    • @zodiacfml
      @zodiacfml 18 часов назад

      watching this just made me angry and ruined my day. this brings back a lot of memories as an applicant and being employed

    • @ryvyr
      @ryvyr 16 часов назад

      In mutual consideration, plenty people would watch non-adsense if placed at very front/back/both, rather than skip/click off when interrupting video 😦

    • @ONYX-365
      @ONYX-365 8 часов назад +1

      9:02 talks about the UK but shows a silhouette of just England 🤦🏼
      Oh! North Americans & their geography skills gaps.

  • @rud
    @rud День назад +3155

    The constant shortage of overqualified, underpaid workers.

    • @HowMoneyWorks
      @HowMoneyWorks  День назад +580

      Yeah where did they all go?!

    • @NikitOS-vv4ks
      @NikitOS-vv4ks День назад +59

      Welp... who knew that people follow the money, right?

    • @kennethoneill4176
      @kennethoneill4176 День назад +142

      Now there is an epidemic of highly productive employees only willing to be as productive as what they are getting paid to do.

    • @Daniel-ef7nk
      @Daniel-ef7nk День назад +33

      Haha same with the lack of affordable housing, there is not lack of affordable housing anywhere, there is tons of old small apartments in bad communities available for sale

    • @kennethoneill4176
      @kennethoneill4176 День назад +58

      @@Daniel-ef7nk that are now priced like they are in great neighborhoods. Investors are buying up this housing and pushing up the prices

  • @Silverghost992
    @Silverghost992 День назад +2256

    Funny how the amount of skills you need is always increasing but the pay never increases.

    • @Adelina-293
      @Adelina-293 День назад +118

      This 100%. More work, no pay raise.

    • @arvindkumarsingh3035
      @arvindkumarsingh3035 День назад +90

      Rise of human population. Searching for infinite growth on a finite planet. Constant comparison.

    • @moisesmera7913
      @moisesmera7913 День назад +10

      This might be the hardest comment I’ve ever seen on RUclips in my life

    • @Demmrir
      @Demmrir День назад +37

      @@arvindkumarsingh3035That's why the average wealth of individuals has dropped massively as the population has exploded in the last century, right?

    • @stevenruyf4044
      @stevenruyf4044 День назад +8

      Nah you're just not learning valuable skills. No one is going to pay for something useless just because you added it to a resume.

  • @ShamanicEnzan
    @ShamanicEnzan День назад +1634

    If they can’t find the skills, they should help build the skills, anything else is an excuse.

    • @DKNguyen3.1415
      @DKNguyen3.1415 День назад +193

      Managers love to talk about victim mentality of their employees but not themselves.

    • @blahblahblah-uw4uf
      @blahblahblah-uw4uf День назад +129

      Exactly. But none of them want to train new employees or they don’t know how to train them.
      They expect the new employee to join the company and immediately know all the processes.

    • @blahblahblah-uw4uf
      @blahblahblah-uw4uf День назад

      @@DKNguyen3.1415 They are truly some of the most pathetic people in the workforce.

    • @TheSmark666
      @TheSmark666 День назад +22

      But then they can't offer at-will employment :(

    • @FaustsKanaal
      @FaustsKanaal День назад +22

      Thats easy to say, as an employee. I have had to train people who work for me, and sometimes (often) the investment is just not worth it. Would take several years to train someone to become proficient, which costs a lot of time and money, whereas if I have someone who just has the skills, I can go 100% without all that time lost. Plus, when you do succeed in training them, they often leave and start their own business. I mean that's what I did with my last employer.

  • @Hondavid.
    @Hondavid. День назад +319

    Literally taking the phrase "skill issue" but somehow increasing the smarminess and self-righteousness. Oh you can't make a living because greedy corporations don't want to compensate you for the skill you actually have? Skill issue, go get a 4 year degree and go 150k in debt to sit in a cubicle and get layedoff when we want to make our earnings look better

    • @ArkansanPartisan
      @ArkansanPartisan День назад +7

      I live near Bentonville, home of Walmart. they do layoffs basically annually.

    • @Hession0Drasha
      @Hession0Drasha День назад +31

      They also refuse to train anyone themselves

    • @idkmybffjill9682
      @idkmybffjill9682 День назад +1

      lol a hit dog hollers. I have a skill so I’m doing fine

    • @GoofyPilled
      @GoofyPilled День назад

      @@idkmybffjill9682for now 😂

    • @c182SkylaneRG
      @c182SkylaneRG 23 часа назад +2

      @@Hession0Drasha Skill issue. Food Stamps are there for a reason. We don't need to pay for your food _and_ your housing.

  • @josephs3973
    @josephs3973 День назад +1040

    1. Post a job with extremely high requirements and low salary.
    2. Reject anyone that doesn't cover 100%
    3. Use an offshore recruiter to find an H1B candidate that's close enough on paper.
    4. Offer them an even lower salary, which they will be glad to take anyway.
    5. Since their visa is tied to their employment, you can exploit them and they can't leave.
    6. Train them all you want, they can't leave anyway.
    7. Profit, profit, profit.

    • @toddpacker1015
      @toddpacker1015 День назад +39

      Here I thought they are just replacing the jobs with AI

    • @Boredblacksheep
      @Boredblacksheep 23 часа назад +155

      They don't train them. They pressure them until they buy classes themselves and upskill themselves on their own time and dime so they can keep their jobs. Some of my immigrant team mates in US were treated like they were less than human.

    • @drez13
      @drez13 23 часа назад +4

      Exactly

    • @toddpacker1015
      @toddpacker1015 23 часа назад

      @@Boredblacksheep They want the migrants on Visas because they can treat them as poorly as possible and the migrant cant complain/leave

    • @matthewprince9705
      @matthewprince9705 23 часа назад +13

      3. The Democrat Party 2024 Way...

  • @jileskorey1105
    @jileskorey1105 День назад +707

    These employers don't view applicants as investments to train, but expect pre-made, replaceable cogs to slot in a machine.

    • @EvenTheDogAgrees
      @EvenTheDogAgrees 21 час назад +12

      Then again, it's not like workers build their entire careers at one company, like they used to. We got savvy, we learned that the best way to get a raise is to change employers every 3 years or so. Especially at the start of your career. And while that's a problem the employers are entirely responsible for creating by focusing on acquiring skilled workers over retaining the ones they got by offering them better conditions, it's also what disincentivises them to "invest" in "talent".

    • @shadow7988
      @shadow7988 20 часов назад

      @@EvenTheDogAgrees they didn't need the incentive, this has been a problem for decades. the reason this happened is because of H1B visas giving companies access to 'skilled' workers from abroad that take way less pay and benefits. This is why all American tech giants got taken over by India.

    • @TurKishsoulja
      @TurKishsoulja 20 часов назад +3

      what happens when you invest money to train an employee up over a year and they just leave?

    • @TookAHikeNowWhat
      @TookAHikeNowWhat 20 часов назад +5

      @@TurKishsoulja Exactly. Everything is a 2way street. An exercise in trust; "social contract" between employees and employers. If anyone will take the pain and invoke change, I think it would be massive corporations. If they set the tone then the rest of a market will adjust.

    • @duckymomo7935
      @duckymomo7935 20 часов назад +10

      Tbf company loyalty is dead but that’s also because job security is also dead

  • @blahblahblah-uw4uf
    @blahblahblah-uw4uf День назад +2161

    “Can’t get the people they need” = I don’t want to pay a competitive or living wage for my workers. I expect servants to live on ramen with 5 roommates.
    And they want the worker with 5+ years of experience to take a 20-30% pay cut to work at their trash company.

    • @winstonsmith6204
      @winstonsmith6204 День назад +78

      Pull yer self up by yer bootstraps

    • @slimjim2584
      @slimjim2584 День назад +146

      They are spoiled since 2007 where there was an entire class of people with decades of experience willing to take pay cuts. That period lasted until the pandemic and society has suffered for it.

    • @genres381
      @genres381 День назад +114

      @@winstonsmith6204 Phrase "Pulling yourself up by bootstraps" was first sarcastically meant something impossible to do because it's physically impossible

    • @LastDays77
      @LastDays77 День назад +3

      Amen

    • @Adelina-293
      @Adelina-293 День назад +75

      Just work harder sonny!!!!!!! 5 years of experience with a software program that's only been around for 2 is reasonable.

  • @jeffreynicol8287
    @jeffreynicol8287 День назад +855

    Companies just want employees with a Masters degree and 10years experience while paying them $10.25 an hour.

    • @jasonfromguitarcenter
      @jasonfromguitarcenter День назад +11

      Private Companies Can Do Whatever The Fuck They Want

    • @kimilsungthefirst6840
      @kimilsungthefirst6840 День назад +90

      ​@@jasonfromguitarcenterHopefully that changes soon. Unless the rich wise up, they will get the socialism they fear so much.

    • @Bluelimesuxcom
      @Bluelimesuxcom День назад +52

      ​@@jasonfromguitarcenter the same is true for us 👍

    • @jasonfromguitarcenter
      @jasonfromguitarcenter День назад

      @@kimilsungthefirst6840 Socialism Can’t Happen When Everyone Fucking Rejects That Shit

    • @GameFuMaster
      @GameFuMaster День назад

      @@kimilsungthefirst6840 yeah, and then everyone will experience food shortages like during Corona but long term.
      People can't even handle democracy properly, what makes you think socialism is any solution.

  • @WillMoon
    @WillMoon День назад +550

    Back in "the day", companies used to take bright and smart people and, using some of their corporate profits pay for their college and training with a agreed upon term of employment so that they could have the employees they needed for a reasonable length of time. These days, companies funnel all of their money into stock buybacks and dividend payments to shareholders and then say they're constantly hiring so they look like their businesses are growing, which looks better to retail investors.

    • @GameFuMaster
      @GameFuMaster День назад +62

      the biggest problem to me is stock trading. It's really just moving money around and yet that's supposed to be value?

    • @idkmybffjill9682
      @idkmybffjill9682 День назад +6

      Completely unrelated points with no coherent connections

    • @commonsay4191
      @commonsay4191 День назад +21

      Back in the day we had capitalism, now we have... something else.

    • @levigoodwin3522
      @levigoodwin3522 День назад +10

      ​@@commonsay4191The way I see it, big business better knock it off with the shenanigans or there is going to be a huge societal correction that will probably make all parties worse off afterward.

    • @dsjgfxxkhrx4050
      @dsjgfxxkhrx4050 День назад

      super capitalism
      thats just what happens when growth keeps going unchecked ​@@commonsay4191

  • @JoelReid
    @JoelReid День назад +265

    If a company cared about skills they would pay for training. Reality is that they do not want to invest their own money in their own future, they would rather someone else pay for it.

    • @sg5sd
      @sg5sd День назад +5

      This

    • @eile4219
      @eile4219 День назад +5

      because people left after 1 year or less. That's why they don't pay for training anymore. I think they can sign contract to force people to stay for 5 years or more, they would provide training. Big teches like Amazon, people mostly stay for 3 to 4 years because their RSU is 5% first year, 15% 2nd year, then 40%, 40%

    • @ezbg
      @ezbg 23 часа назад +5

      That’s the problem everyone wanted someone else to do it.. It sucks

    • @asdfqwerty14587
      @asdfqwerty14587 23 часа назад +1

      @@eile4219 Those kinds of long term contracts don't really have any good way of being implemented. I mean, if someone wants to leave a company, even if there's a contract that says they have to work for the company for X amount of time, there's no realistic way to stop them from being lazy and not doing their job properly until the company decides to fire them.. so any form of trying to legally enforce that someone stays at a company doesn't really work that well.

    • @JasonRobards2
      @JasonRobards2 22 часа назад +2

      "Skills Gap" also enables consultancy firms (as in: engineering consultancy firms, aka temp agencies for engineers) to raise their prices to their customers while neglecting to train and support the employees they rent out to those customers. Any time their employee does a fuck up with their customer, those companies can just shift the blame with "it is difficult to find the right profiles" rather than admit they sent out the employee without proper training.

  • @davianoinglesias5030
    @davianoinglesias5030 День назад +477

    Company : We have a skills gap.
    Nobody : Ok, tell us the skills you are looking for and how much you are paying for it.
    Company : Look!👉🏽a squirrel 🐿️ 🐿️

    • @idkmybffjill9682
      @idkmybffjill9682 День назад +1

      Spend more than 6 weeks getting a certificate, getting an actual degree will help

    • @sugasweet435
      @sugasweet435 День назад

      @@idkmybffjill9682ah yes, get a degree instead of a certificate. Oh, you got a degree? Maybe you should have gotten a less useless degree🤡🤡

    • @allthe1
      @allthe1 День назад +22

      They're willing to pay for a paper, but not for actual, concrete, profitable labour

    • @CyrilCommando
      @CyrilCommando День назад

      @@idkmybffjill9682 College tuition cost for a job that pays 40k a year is a horrible investment. Hiring managers need to adapt to the times.

    • @KoboldAdvocate
      @KoboldAdvocate 23 часа назад +5

      Is the squirrel purple?

  • @hmr1122
    @hmr1122 День назад +131

    This is so true. When I was applying for multiple jobs as a machinist I was told that welding certification despite the job not requiring one and they tried to brutally lowball me. Another one required a forklift certification I firgot to put into my CV, after I told them I do have one I got the "we will call you back" line. They want to pad their bottom line with disgusting tactics that shouldn't be legal.

    • @Toastcat890
      @Toastcat890 День назад +19

      And here people have been saying the trades are where all the jobs are.

    • @handlesrstupid123
      @handlesrstupid123 День назад +9

      ​@@Toastcat890 there is jobs they just pay lower than unskilled production work but you can work a 100hrs a week to make up for that

    • @hermitxIII
      @hermitxIII Час назад

      @@Toastcat890 McDonald's will pay you more than an apprentice makes.

  • @Mcree114
    @Mcree114 День назад +304

    Useless and clueless HR managers with MBAs assuming "derp derp making computer work means coding like the haxors in the movies" make insane requirements for entry level help desk like years of coding experience which is insane. People think you could sit a Google dev in front of a Cisco Router/Switch console and they'll just magically know what to do because "they do the computer stuff".

    • @swagmuffin9000
      @swagmuffin9000 День назад +32

      Can confirm. Did some networking for a bit, but don't ask me to build a GUI for anything.

    • @idkmybffjill9682
      @idkmybffjill9682 День назад +2

      Do you usually assume people with way more education are dumber than you?

    • @traolin5877
      @traolin5877 День назад +20

      @@idkmybffjill9682 yea

    • @devinmcmanus
      @devinmcmanus День назад +38

      That's like asking a chemical engineer why they don't know how to operate a locomotive - they're both engineers, right?

    • @WowzersFun
      @WowzersFun День назад +19

      When I was a help desk technician, my coworker was taking his masters in computer science. He was horrible at troubleshooting level 1 tier. He's the type to think the cpu is the whole motherboard

  • @Gamer8585
    @Gamer8585 День назад +138

    Businesses: Demand more qualifications than the CEO, pay less than the janitor.
    Also Businesses: We can't find anyone for our jobs!

    • @traskth
      @traskth День назад +11

      Again, also businesses: weve got to "import" workers to fill these jobs that noone wants domestically and they will be model employees because they will do whatever we ask them and wont complain about this myth that is low pay

    • @JasonRobards2
      @JasonRobards2 22 часа назад +5

      Some listings for programming jobs are just insane.
      At one such company I once applied for the one with the fewest requirements without reading too deeply into the job description. I got a invitation for a teams call. Turns out the job was for management supervisor. Not for team manager, but for his superior. I am not kidding.
      This was for a company that uniquely supplies programmers to the government. Each position has 15+ requirements. For that one position, I think Jira was the only hard skill. The other 5 requirements were soft skills.
      But, since I was unskilled in Jira, they decided I was not a good fit for the position.

    • @NotYoutube-cp3qg
      @NotYoutube-cp3qg 4 часа назад

      Simple.. Business owners don't want you to be rich or retire faster

    • @Adelina-293
      @Adelina-293 3 часа назад

      My favorite is 5 years of experience with a software program that's existed for only 2.

    • @BrunoOliveira-xn7yr
      @BrunoOliveira-xn7yr Час назад

      Companies: you should not only care about the money! It's about the challenges and personal growth!

  • @KennTollens
    @KennTollens День назад +109

    They will pay billions on ads, but nothing to train employees to make the products.

    • @Rajeshammm
      @Rajeshammm 11 часов назад

      What is your skill set

  • @kaijuultimax9407
    @kaijuultimax9407 День назад +724

    It's all a lie, as one of the overqualified applicants who is willing to take that steep paycut just so I can have a paycheck at all, they are not interested in even getting a good deal out of a worker. They simply don't want to hire anyone, they simply want to claim the tax breaks and private investments associated with having a bunch of open job listings. Them recycling the "skills gap" excuse is just a sign that they're running out of excuses for this unhinged behavior.

    • @idkmybffjill9682
      @idkmybffjill9682 День назад +14

      There are no tax breaks for having a job opening. Why lie?

    • @RealHomeRecording
      @RealHomeRecording День назад

      ​@@idkmybffjill9682cheaper labor through H1B Visa workers is the "tax break"

    • @HH-le1vi
      @HH-le1vi День назад +24

      There's no tax breaks for a job opening. They only get a tax deduction for actual payroll employees. Stop spreading lies.

    • @tomyoung8563
      @tomyoung8563 День назад

      They want to replace high skilled workers with low wage and semi skilled immigrants

    • @trickslies844
      @trickslies844 День назад +1

      Curious, what are your qualifications?

  • @jotajmg
    @jotajmg День назад +101

    can't get the people they need = they are unwilling to train people to do the job + they want someone to accept a lower wage due to despair.
    Edit:...and the desperate people who do not have the training to do the job but lied their way into the job (or are nepobabies) and learned how to do the job when challenged with the tasks given while working .... when it was learned what needs to be learned, then that was call experience... now that is an employee with experience.

    • @skyblazeeterno
      @skyblazeeterno День назад

      They live high unemployment and mass immigration as it gives them desperate candidates

    • @BossItUp911
      @BossItUp911 17 часов назад

      when you don't hire people for the business you don't have the balls to start, do you take these kinds of gambles, hoping people will pan out after you train them?

    • @skyblazeeterno
      @skyblazeeterno 12 часов назад +2

      @@BossItUp911 capitalism involves risk to the capitalist BUT nearly every employment law favours the capitalist. You talk as if employees are being trained when they are not

    • @jotajmg
      @jotajmg 2 часа назад

      @@BossItUp911 maybe that is in your working field and in your country ... but, there are many kinds of jobs that no college degree or community college degree prepares you for in which companies do train their employees, there are many countries around the globe in which companies do train their employees... but that is something that with every passing year is harder to find... why? Because companies as well as economy are in crisis worldwide and they are now cutting corners for the worst that is about to come.... they are bracing for impact
      ... specially in the IT business which was growing since the 90's and its growth exploded during covid 19 years... now the bill is due and the hefty price needs to be paid.

  • @alansewell7810
    @alansewell7810 День назад +116

    In IT, employers lay off their experienced staff, who know the business and its systems, in waves of cost-cutting, then complain they can't hire anybody new who'll work for less money who has the skills of the people they let go. Then they'll farm out the work to an H1-B visa outsourcer

    • @andrewsnyder9262
      @andrewsnyder9262 День назад +8

      They even put non visa immigrants on payroll.

    • @JimmyLeeJr
      @JimmyLeeJr 23 часа назад +17

      ​@@andrewsnyder9262 Minneapolis just hired a police officer who isn't even a US citizen.
      Imagine getting arrested by a foreigner in your own country. Only in America, and ancient Rome when it was collapsing due to runaway usury.

    • @General1Cal
      @General1Cal 23 часа назад

      I personally don't trust any college in China, India, it seems like they just get their diploma from a Crackerjack, yet they are taking US jobs.

    • @andrewsnyder9262
      @andrewsnyder9262 23 часа назад +3

      @@JimmyLeeJr that is wild. It’s everywhere now. I have worked with many of them in oil and gas and my wife worked with some in a professional office setting. And I mean the type that would get sent back if they were caught or pulled over.

    • @TransConBrilliance
      @TransConBrilliance 22 часа назад +3

      That's bs. I have a team of tech experts but the entire team suffers when we're down 1-2 members. We have specific needs. For example we need a dedicated oracle dba. Just because half the team are devs doesn't mean they can be oracle dbas. If America would stop sucking in math maybe they can learn to be a DBA in high school and stop going out into the world with no skills. My team can't keep working 70 hr work weeks too support the projects. I have the funding but no competent candidates. I have people sending me resumes with the nerve to apply when the only technical skill on the resume is excel. Wth?

  • @mattdeblassmusic
    @mattdeblassmusic День назад +123

    Your last few videos have been enlightening and kinda depressing. After my journalism career fizzled out I went back to school in my 40s to finish my long-delayed bachelor's degree, hoping it would open some doors for a career change. It's been 9 months and haven't gotten anything except for automated rejection emails.

    • @idkmybffjill9682
      @idkmybffjill9682 День назад +2

      College in your 40s…

    • @AndyWarhole-w7q
      @AndyWarhole-w7q День назад +20

      In your 40’s no white collar job will get you on entry level, even with brand new degree. Go trades, get certificates, land a union job.

    • @andaddplus
      @andaddplus День назад

      consider voting MAGA trump will stop whoever who steals your job

    • @mattdeblassmusic
      @mattdeblassmusic День назад +7

      I’ve thought about it. My hands are pretty messed up from the manual labor jobs I did after I lost my office job, but there’s gotta be something a 48-year-old can do, right?

    • @andaddplus
      @andaddplus День назад +3

      @@mattdeblassmusic vote Trump support MAGA

  • @masonm600
    @masonm600 День назад +100

    So "Skills Gap" = Employer pickiness

    • @axeketchum9846
      @axeketchum9846 День назад +4

      ooooor....actual skills gap. Y'all expecting 200k salaries right out of college with a cs degree. Wake up!

    • @duancoviero9759
      @duancoviero9759 День назад +16

      **Employer bullshit**

    • @Ilovelovin
      @Ilovelovin День назад +13

      ​@@axeketchum9846lol we just want a job

    • @SeaShrimp
      @SeaShrimp День назад

      @@Ilovelovin Then become an engineer, electrician, mechanic, plumber, nurse, doctor, or 1000 other different educations, and you WILL get a well paying job in under 3 weeks of searching.
      If you took an education in "management, history, geography, language, drama, music" or some other bullshit goofy education, you literally have 0 skills that are needed to run the world, thus why no one wants to PAY you or employ you. Wake up

    • @bilalafzal7442
      @bilalafzal7442 День назад +6

      @@axeketchum9846 stop sucking up to the oligarchs

  • @AndyWarhole-w7q
    @AndyWarhole-w7q День назад +86

    If company complains they can’t hire “the right person for the role”, it means they don’t really need this role.

    • @noneofyourbusiness4830
      @noneofyourbusiness4830 12 часов назад +1

      If they also offer less than average wage. Or don't advertise the wage at all.

  • @marcus_b1
    @marcus_b1 День назад +109

    Made a comment on the last video about this. Training definitely NEEDS to be done domestically as a PRIMARY solution, not filled via immigration as the primary solution.

    • @HowMoneyWorks
      @HowMoneyWorks  День назад +23

      Yeah, but that's hard...
      To be fair, I totally agree generally but the counter argument is that we need skills NOW not in 3-5 years when people have had time to learn.

    • @marcus_b1
      @marcus_b1 День назад +45

      ​@@HowMoneyWorksThat's true but like the old saying goes; "You bite the bullet now, or bite it later". I wrote a detailed paper on immigration back in 2005 and we are in fact biting the bullet now more and more.
      HVAC for example is a 6-9 month program. Plumbing is a 3 month program. Welding is about a 3 month program. Carpentry, I'm not sure. Electrician takes the longest which is about 24 months overall for a "degree" program. Truck driving classes can be as short as 1 month. The list goes on. The "skilled labor" of migrants can't even be confirmed and based on build quality if you just look at the residential housing market as an example, shows that it's not true.
      A country is stronger when it relies on the strengths of the country's men and women, not immigration. The current trajectory will ultimately show a reversal of workplace labor laws, decreased pay, and continued degrading of worker rights that citizens have fought for over the past century.

    • @andaddplus
      @andaddplus День назад +5

      sounds like some alt-right talk to me

    • @andaddplus
      @andaddplus День назад +1

      ​@@HowMoneyWorks racist

    • @setop123
      @setop123 День назад

      @@andaddplus you sounds like some uneducated npc to me

  • @brunocarvalho6632
    @brunocarvalho6632 День назад +37

    Why can't find a enginner programmer that will develop my entire factory automated system for 5 dollars/hour? What a fucking mystery.

  • @cloudsofsunset7323
    @cloudsofsunset7323 День назад +52

    The skills gap is a myth... and I can tell solely on how filled my curriculum is, and how impossible is for me to get job as bartender.

    • @idkmybffjill9682
      @idkmybffjill9682 День назад +3

      lol what? So there is no gap in skills in workers? A cashier is as skilled and a surgeon? And you can’t get a job as a bar tender because you’d need a good personality

    • @roblowe8295
      @roblowe8295 22 часа назад +6

      @@idkmybffjill9682you’re presuming he has a bad personality 🙄

    • @skyblazeeterno
      @skyblazeeterno 11 часов назад

      ​@@idkmybffjill9682skills gap is bullshit

    • @noobulon4334
      @noobulon4334 37 минут назад

      ​@@roblowe8295 Its inferred from his comment

  • @bradyroberson4910
    @bradyroberson4910 День назад +52

    As someone looking for another position, this has been infuriating. It's like all companies just assume that you cannot learn anything. I understand that there are some careers that require certifications, certain schooling, etc.. but asking for 5+ years of experience for many of these entry level/midlevel jobs just boggles my mind.

    • @Grimmlocked
      @Grimmlocked День назад +20

      I love when tech companies ask for 5-10 years of experience in programs that are 2-3 years old

    • @colourfastt
      @colourfastt День назад

      ⁠That's been going on for at least 30 years.

    • @toddpacker1015
      @toddpacker1015 День назад

      That's what I'm saying the work entry level workers do doesnt even matter

    • @JimmyLeeJr
      @JimmyLeeJr 23 часа назад +1

      The problem is two-fold.
      1. The company is genuinely trying to hire capable talent who will work for pennies.
      2. The vast majority who they hire for pennies are barely worth the pennies.
      I'm not sure your experience level, but ask yourself. Do you see that in corporate teams there is usually one capable person carrying a bunch of do-nothings and know-nothings? And they're begging to get some compensation for this effort?
      Ahh, then what I speak of is true.

    • @manoftomorrow5987
      @manoftomorrow5987 19 часов назад +1

      Nothing is wrong with that. There are people looking to change jobs that have had experience in with a previous employer with the same role. When you critically think through the “requirements” you’d realize that everyone is on the job market…not just those who finished school or looking to switch careers.

  • @laughinggiraffe9176
    @laughinggiraffe9176 День назад +48

    Name a single time in history in which employers said “wow, this generation of workers is really great. I couldn’t ask for more at such a reasonable wage”. It doesn’t matter how many hours they work, how highly trained they are, or how low their wages are, employers will always look for better employees at even lower wages. If they are given too much, managing will become easier, and people who aren’t even great at managing will be able to survive as managers. If there was a genuine skills gap industry groups would get together and create more of their own training and certificate programs.

    • @skyblazeeterno
      @skyblazeeterno 11 часов назад +5

      THIS. I'm nearly 60 and in the UK and I recall whinging employers bleat in the 80s that they couldn't find good candidates when we had record unemployment levels. Employers talk shit

    • @didi7074
      @didi7074 9 часов назад

      They are mad they are legally forced to pay us and not make us work for free. Slavery never ended, it's just more hidden.

    • @Stszelec01
      @Stszelec01 5 часов назад

      This sounds like soome commie propaganda

    • @BrunoOliveira-xn7yr
      @BrunoOliveira-xn7yr Час назад

      capitalism has roots in slavery, so no surprise here... the capitalists (employers in this case) don't want you to have a good life, they want you to give them money and with this ever more short goal oriented corporate landscape, they're more than willing to pay you less than you need to survive, or pay you at all, if you're generating profit to them... and if we don't vote right even the thin safety net that governments provide will be broken... Companies don't care any more than they're obligated to about their workers...

  • @enonknives5449
    @enonknives5449 День назад +88

    You can't hire skills; you can only hire people. Given the choice between training a good person to do the job, or going bankrupt, the vast majority of companies would choose to go bankrupt. They aren't even trying to succeed; they are just trying to justify their failure.

    • @samithajayasinghe
      @samithajayasinghe 21 час назад +1

      Comments like this are exactly why I consider some channels' RUclips comment sections a good source of wisdom 👍

    • @manoftomorrow5987
      @manoftomorrow5987 19 часов назад

      @@samithajayasinghemy thoughts exactly. Smh. He read this back and clicked “post”

    • @cpK054L
      @cpK054L 17 часов назад

      You realize a grand majority of companies are actually zombie companies right?

    • @noneofyourbusiness4830
      @noneofyourbusiness4830 12 часов назад

      ​@@cpK054LGrand majority? Where did you get that info?

  • @Demmrir
    @Demmrir День назад +34

    Same energy as "no one wants to work anymore!" If no one wants to work for you, the problem is you/what you're paying/what you demand in return.

    • @wesnohathas1993
      @wesnohathas1993 22 часа назад +6

      Companies complaining they can't find any qualified workers is like saying there's nothing to eat while standing in front of a buffet.

  • @tkt8994
    @tkt8994 День назад +52

    That’s what happens when HR doesn’t know what they are doing, because they are all psychology major instead of actually receiving HR education. The fact that coding is needed for IT help desk speaks that HR are just slapping whatever they think it’s needed instead of performing job analysis

    • @dan-nutu
      @dan-nutu День назад +11

      Newsflash, job descriptions are usually written by the hiring managers, not HR

    • @Redneck_Ed
      @Redneck_Ed День назад +4

      ​@@dan-nutu That's my experience. In fact, HR would typically talk me down on qualifications I wrote as the hiring manager for technical jobs. This was especially true for basic qualifications because if candidates don't meet those, they simply cannot be hired. If candidates don't meet items listed in the additional skills section, that's ok but as they point out on this video, it might mean a lower salary offer. People act like this is all a big conspiracy, but mostly it's that no hiring manager wants to hire someone, train them, and then have that person leave and have to repeat the cycle all over. They want candidates that require minimal training and hand holding. I have experienced this time and again and even with the best of intentions and the desire to train and teach, it's exhausting to repeat this cycle over and over.

    • @MrFrankEast
      @MrFrankEast День назад +2

      @@Redneck_Ed And vice versa starting jobs and having an employer that expects you to be someone to be comfortable for the rest of their working careers with the pay, mobility, and job itself is also exhausting.
      Im not trying to say one is wrong or the other but both points are just non starters, they don't go anywhere.
      If you don't want to even slightly train someone to get running, why would you expect someone that DOESNT need training to work that job forever?
      Its just a big tug o war.

    • @Redneck_Ed
      @Redneck_Ed 23 часа назад

      @@MrFrankEast No one expects lifelong employees anymore. I'm talking about people who get in and then jump ship almost immediately after their break-in/training/ramp up period ends. Most employers expect that some training is required, but they aim for that training to be a minimal as possible which is why they ask for as many skills as possible. I hired several people over the years that lacked some skills, but clearly demonstrated aptitude and desire in their interviews. I have even had job postings pulled and re-posted with reduced basic qualifications just so we could hire a specific person. I think people get so hung up in what they hear online that it ends up becoming a roadblock for them. I was on a thread last week where a guy was complaining about the skills gap, but after a few exchanges, he admitted that he was just repeating what he heard on reddit and had not actually gotten out there himself to apply various resume and job interview strategies. There has and will always be a tug of war. The difference these days is that instead of pressing on and getting past it, people spend too much time hung up on the problems and the finger pointing. They have the social media dopamine hit at their fingertips and spend too much time taking hits on it instead of focusing on getting out there and winning.

    • @kosmosXcannon
      @kosmosXcannon 23 часа назад +5

      HR's job is quite literally to defend the company.

  • @alansewell7810
    @alansewell7810 День назад +54

    I remember working for a client in Canada that needed an IT employee. They were supposed to hire Canadians first, but laughed about how they over-qualified the position because they needed to bring in someone from overseas who'd work for less money. Of course, the over-qualifications were only used to keep Canadians from being considered for the position, so they could bring in the foreign person (India or Bangladesh) to work for a fraction of the money. I've consulted for American companies who dumped their IT people overboard in order to hand off their work to Indians on H1-B visas.

    • @langhamp8912
      @langhamp8912 День назад +2

      That's the free market system, right? Like if you have strong borders, then if you're a corporation it makes perfect sense to hire cheaper labor. Labor moves to where it is more valued, while industry moves to where labor is cheaper.

    • @TheSwedishHistorian
      @TheSwedishHistorian День назад

      straight evil

    • @alansewell7810
      @alansewell7810 День назад +15

      @@langhamp8912 Labor was cheaper before the slaves were emancipated. Why don't we bring that back?

    • @bilalafzal7442
      @bilalafzal7442 День назад +11

      @@alansewell7810 you're saying like that doesn't exist in America, prison labour is a thing.

    • @alansewell7810
      @alansewell7810 День назад +1

      @@bilalafzal7442 Well don't you know
      That's the sound of the men
      Working on the chain gang [song of that name by Sam Cooke]
      That's the sound of the men
      Working on the chain gang
      All day long they're singing, mm huh ah
      My, my, my, my, my, my, my, my work is so hard huh ah
      Gimme water, I'm thirsty, my, my work is so hard huh ah
      Woah oh, y, my, my, my, my, my, my
      My work is so hard huh ah

  • @BoydGilbreath
    @BoydGilbreath День назад +22

    A very old trick. Advertise jobs, hire no one, complain people don't want to work

  • @iTzDritte
    @iTzDritte День назад +55

    6:47 Way too many kids got told to study Computer Science and are meeting a cruel reality where too many people followed the advice.

    • @fictionaddiction4706
      @fictionaddiction4706 20 часов назад +9

      Okay will someone please say which job skill is required and not oversaturated now.

    • @iTzDritte
      @iTzDritte 20 часов назад

      @@fictionaddiction4706 I kid you not, the answer you’re looking for is packaging science. It’ll never be over-saturated, it’s immune to recessions, and no one thinks about it, but the economy 100% runs on packaging.

    • @KeithTurbo-ny8lz
      @KeithTurbo-ny8lz 19 часов назад

      @@fictionaddiction4706 By the time you hear about it, it's already too late.

    • @cpK054L
      @cpK054L 17 часов назад +2

      That's because a lot of idiots don't know what computer science is and got straight scammed because CS degrees are a foundational major not a skills major

    • @terrablaze3387
      @terrablaze3387 16 часов назад +7

      @@fictionaddiction4706 Then the second you try to train for that job it got oversaturated.
      Such is life in this modern society.

  • @RobertStoll
    @RobertStoll День назад +34

    "Skills ga-"
    "Why don't you do job training then?"

    • @JurekOK
      @JurekOK 10 часов назад

      Because as soon as the trainee consumes the cost of training, he moves out to a better paying company. You spent the money and still have no worker.
      In other words, it's a mirror problem on the other side.

    • @grapeboi9256
      @grapeboi9256 Час назад

      ​@@JurekOK something has to give you can't expect people to be born out the womb with 20 years experience.

    • @michaelvaldivia3747
      @michaelvaldivia3747 45 минут назад

      They could pay people more before the other company offers them more lol​@@JurekOK

  • @josemfernandeza5979
    @josemfernandeza5979 День назад +33

    Went to college, graduated, no job offerings.
    Go back to college, get a master's, still no job offerings.
    "But we have a skill shortage!"

    • @toddpacker1015
      @toddpacker1015 День назад +6

      You have a skills gap brother... who you know inside the company

    • @Mamaazhiiwe
      @Mamaazhiiwe 15 часов назад +2

      Everyone complained when my sister-in-law told my niece that it was more important to be popular than smart. I knew she was actually right. Social networking is far more important to your future success than the skills you bring to the table. With all of the degrees that I have will never make up for the people I don't know.

    • @jamiehartman3350
      @jamiehartman3350 6 часов назад +1

      ​@@Mamaazhiiwehigh school never ends.

    • @hermitxIII
      @hermitxIII 56 минут назад

      I have an EET degree, and the problem is every company seems to want you to have experience with specific machines. How could I possibly have experience with something I am not even allowed to work on without certification, and the only way to get said certification is through the company I am trying to apply for?

  • @gdj777
    @gdj777 День назад +41

    Unicorn hunting is bad for business

    • @GameFuMaster
      @GameFuMaster День назад +1

      too bad it's not so bad that they go out of business though. Not enough competition is the problem.

    • @arn1345
      @arn1345 21 час назад +1

      you don't understand we need to catch that unicorn to justify our HR department!

  • @blake7297
    @blake7297 День назад +30

    I work with onboarding for one of the largest privately held fin-tech companies in the world based in the United States and I can tell you, at least 50% of the literal tens of thousands of people we've hired in the US in the past 4 years have been H1B transfers from India despite the near constant lay offs in the tech sector and never ending job posting for computer engineers. These are mostly entry level roles being filled to do.

    • @JimmyLeeJr
      @JimmyLeeJr 23 часа назад +13

      I'm also in the industry behind the curtain, the vast majority of job postings are fake jobs, ghost jobs, federal jobs. Federal jobs are ones posted to meet federal requirements.
      Due to my role I've been trying to untangle the H1B situation. But ironically enough I've had several people join my team who got recent green cards. So while the H1B issue is wildly understated, immigration as a whole is truly unfathomable.
      It is an entire replacement of a free people with a permanent subserviant underclass. Look at who owns the banks if you want to know who and why.

    • @cpK054L
      @cpK054L 17 часов назад

      I'd arather work in missile guidance systems using ASICs/FPGAs knowing they won't pass the necessary checks and who knows what's happen in the future

    • @honkhonk8009
      @honkhonk8009 13 часов назад

      Peak Democrat moment.
      Their all bought out by corporate donors, and they just give away all the jobs to other countries just to enrich the wealthy 1%.
      Then they lie about taxing them, while simultaneously giving them loop holes.
      They need to severely limit immigration and outsourcing to overpopulated countries

  • @L1vv4n
    @L1vv4n День назад +29

    Turns out there is not a skill gap, but education price, cost of living and low salary gap.
    Next up - consumers do not appear from warp, they are people who needs to be paid money to buy staff and without it markets just stalls.

    • @marianhunt8899
      @marianhunt8899 20 часов назад +1

      They can sell to other global markets.

    • @nah131
      @nah131 14 часов назад

      @@marianhunt8899but then global market eventually has less consumers only the rich is there

    • @L1vv4n
      @L1vv4n 11 часов назад

      @@marianhunt8899 Yes, but American market has a strong influence on all other markets and while we in Europe (depending on the country) suffer less from mass layoffs, we losing money on same imaginary "skill gap", wage stagnation and inflation, so consumer activity is dropping globally. Asian markets are affected by Japan and Chinese slowdown, African markets are still non existent, because everyone think suffering of people on other end of the world in not their problem.
      Also, with drop in global sales economy of scale in logistics will also drop, which will make selling globally less profitable.
      Economic are not open ended systems, we should learn something since XVII century and theory of mercantilism.

  • @C4lmTFdown
    @C4lmTFdown День назад +18

    They'll tell you you don't have the required skills and then hire a 13 year old migrant to do it for 1/5th the pay. No such thing as a skills gap just stingy employers who won't train new hires either because they're not all that skilled either OR more likely they don't want to risk paying for training and then that employee not work out. Well the solution is to raise pay and provide better work conditions to retain employees. Companies resist change even as their organization is going down the drain, they would rather be suicidal and engage in the most reprehensible business practices than take one step in the direction of actual betterment and enhancement. If there was such things as organizational death throes it would be today's business and hiring practices...

  • @alexlopez5800
    @alexlopez5800 День назад +101

    They can’t get the skills because nobody wants to give them the shot to teach them the skills to begin with. So, it’s the employers fault since they don’t want to train anyone anymore. Either your 20 years + experience or no experience at all! Insane!

    • @idkmybffjill9682
      @idkmybffjill9682 День назад +3

      That’s not what nepotism means. Random addition

    • @anuragchakraborty8766
      @anuragchakraborty8766 День назад +3

      People say it's the fault of the outdated education system that's failing to train their students in the latest industry-specific skills.

    • @alexlopez5800
      @alexlopez5800 День назад +1

      @@idkmybffjill9682 Happy?

    • @Orphic_being
      @Orphic_being День назад

      I gave up and forged my own dream.

    • @toddpacker1015
      @toddpacker1015 День назад +5

      Let's say all companies train their employees. If employees quit, move around, go to another company... guess what? You can get other employees from other companies that train their employees. Something so simple yet companies are so GREEDY that they prefer to have the job market in absolute chaos.

  • @theplaintiff5450
    @theplaintiff5450 День назад +20

    the "coding skill" bloat is incredible. vast majority of jobs that require coding barely, if ever, use it. had a few of those myself.

    • @mlsasd6494
      @mlsasd6494 9 часов назад

      also, its a lot more efficient to have some actual developers compared to having everyone tinkering away on their issues separately.

  • @PhillKaggitz
    @PhillKaggitz День назад +18

    I met a girl from Mexico at my job that is working in the US with a work visa. She told me she doesn’t do anything at work because there are 4 Indians that want to go out with her so they take care of her job responsibilities. She makes more money than me.

    • @jamiehartman3350
      @jamiehartman3350 6 часов назад +6

      Shes doing the oldest profession in the world lol

  • @fedyx1544
    @fedyx1544 День назад +73

    Sweet, yet another HowMoneyWorks video! I am eager to learn which way I'm getting effed in today's episode

    • @duancoviero9759
      @duancoviero9759 День назад +2

      😂😂😂

    • @eprokluvee
      @eprokluvee День назад +8

      A fellow Louis Rossman enjoyer

    • @Snake369
      @Snake369 11 часов назад

      @@eprokluvee Louis Rossman is based af.

  • @swagmuffin9000
    @swagmuffin9000 День назад +15

    Lol you put it so softly for helpdesk. You need 3 years of experience, a bachelor's, a few $500 certifications, just for entry level.

  • @brendanwiley253
    @brendanwiley253 День назад +47

    Thw whole migration issue when it comes to wages really feels like its as simple as "strikes don't work when there's a functionally unlimited number of people for whom your struggling to stay afloat is an improvement to them."

    • @tomyoung8563
      @tomyoung8563 День назад

      The whole point in immigration is to reduce the value of native born labor

    • @trickslies844
      @trickslies844 День назад

      Ironically its the people that oppose immigrants that end up making sure those immigrants don't have any legal protection, making then desperate enough to accept the lower wages. Then again people are happy to see people paid these low wages, just not when its them selves. Hoping you would be the only one to show up for a job was never a great plan

    • @prettyboyjeremy
      @prettyboyjeremy День назад +2

      They'll happily live in a car because it's better than a 14 person 600 sq dirt floor shack.

    • @JimmyLeeJr
      @JimmyLeeJr 23 часа назад +10

      ​@@prettyboyjeremy"Come on, what do you mean this job offer isn't competitive? Baki Abu-Salaam is fleeing genocide, civil war and mass starvation in Sudan, and he says this wage is more than enough for someone in his situation. Are you going to call him a liar? Think about it more seriously, Harold. Okay, can I pencil you in for $32k as our newest Senior Program Analyst? Mr. Salaam is waiting right outside this room and he wants this role very much... Harold?"

    • @mistermoo7602
      @mistermoo7602 21 час назад

      And as long as the military industrial complex continues to churn, they will continue to destabilize other countries to keep that flow of desperate workers coming.

  • @richnubbz4910
    @richnubbz4910 День назад +39

    super easy ... paid OJT !

    • @richnubbz4910
      @richnubbz4910 День назад +12

      how do you think the military gets its skilled labor and skilled leadership ... they develop it!

    • @HowMoneyWorks
      @HowMoneyWorks  День назад +32

      No but you don't understand!... That would cost money...

    • @Kite403
      @Kite403 День назад +8

      @@HowMoneyWorks It's a cyclic problem. "We need people who know how to do the work...but training them ourselves would cost money..."

    • @Maytrx
      @Maytrx День назад

      @@HowMoneyWorks 🤣

    • @Felipe-kv8qd
      @Felipe-kv8qd День назад +2

      @@HowMoneyWorks your sarcasm gives me strength

  • @rexcatston8412
    @rexcatston8412 День назад +34

    There's absolutely no way im going off and paying thousands of dollars and spending years training for a skill set based on the idea that some ENTIRELY theoretical job opening out there is demanding 'skilled labor'
    If you want me to do a job, train me to do it. That's been the rule for 10,000 years.
    You telling me I can't figure out how to stack bricks and cement? or weld two pieces of metal together? or fit a kitchen counter?
    That I need years of advanced training for this insurmountable task? Get the heck outta here...!

    • @ceu160193
      @ceu160193 День назад

      Why hire you, when your job can be done by some semi-literate migrant for a fraction of what you ask?

    • @manoftomorrow5987
      @manoftomorrow5987 19 часов назад

      I think you’re mistaken…when they say skills it usually refer to white collar workers who have or don’t have some analytical skills and experience they’re looking for. And as a hiring manager I can agree…some might had the education, but lack some other skills that go with the jobs…even if those skills might be just the “soft skills”.

    • @llihcchill9135
      @llihcchill9135 9 часов назад

      @@manoftomorrow5987 that does make sense, although I have a question, how would they get the experience in the first place if they can't get a job to get the required experience? it seems paradoxical, and I am sure I've seen some entry level positions that require experience. Should be an oxymoron but here we are.

    • @hermitxIII
      @hermitxIII 41 минуту назад

      @@manoftomorrow5987 "even if those skills might be just the “soft skills”." In other words, you don't think introverts should ever be employed?

  • @arifchowdhury881
    @arifchowdhury881 День назад +33

    Skill gap legit sounds like the the corporate equivalent of the popular gamer slangs: "Skill issue bro" and "Git Gud!"

    • @CyrilCommando
      @CyrilCommando День назад +1

      Matter of fact this is most of the world right now. Expecting everyone to infinitely "upskill", as they call it, with no resources or training. Can't get a job flipping burgers because those are all filled, & no one else will even interview without degrees or certs. Which cost thousands.

  • @FullLengthInterstates
    @FullLengthInterstates День назад +12

    skills gap is a systemic issue. we just haven't taken the job of career counseling/ sorting hats seriously. bls statistics by themselves are pitifully inadequate for making a data driven decision on what to study, so in the end it ends up being largely based on vibes and anecdotes.

  • @Zer0mas
    @Zer0mas 18 часов назад +10

    I was once turned down for a job because I didn't have 5 years of experience with a product that had been available for about 6 months

  • @willpotter22
    @willpotter22 19 часов назад +10

    26$/hr in 1980, is $80/hr today. How bout they fix that first??

  • @mustardbackpack
    @mustardbackpack 19 часов назад +11

    This is very prevalent in Canada. We have something called a LMIA, or Labor market impact assessment, which is the approval program to hire a foreign worker if you can't hire anyone locally. Thing is, there's very little scrutiny from the government, and with a 97% approval rate, employers can very easily bypass hiring a Canadian citizen. This has led to the program being taken advantage of, and scammed by employers, to the point foreigners are actually paying for the job, in the tens of thousands of dollars, just to get them into Canada and a pathway to citizenship. And it's not just for skilled workers, it's available for low wage, low skilled jobs. Many times the employee is tied to the job, which opens them up for exploitation, and has even resulted in a UN report claiming the program is "a breeding ground for contemporary forms of slavery". Despite this, and our unemployment rate increasing, the government has made no significant changes.

    • @sotch2271
      @sotch2271 6 часов назад

      No worry, one millions per year is surely good, all the media kept telling that for decades

  • @Eagle-rv3iy
    @Eagle-rv3iy День назад +15

    Companies want people they can put directly into a position without investing in them. They dont want to invest in them because once trained they will leave. They will leave because the company thinks that since they trained them they are owed labor and will pay them poorly. Rinse and repeat

    • @reahreic7698
      @reahreic7698 День назад +6

      Once the norm became change jobs every 2 years to beat inflation job training became a liability. It's a sad self-fulfilling cycle.

    • @Abandonsoyciety
      @Abandonsoyciety 2 часа назад

      ​@@reahreic7698people left after every 2 years because of lack of pay raises for those who actually do the work instead of the managers. It's not a cycle, companies created their own problem and are trying to justify it.

  • @jackal2568
    @jackal2568 17 часов назад +13

    As a pilot, it is literally impossible to get a job with less than 2000 hours of flight time. This is because insurance will not insure companies that hire pilots under 2000 hours. For context, the average pilot leaves flight school with 250 hours. So depsite there being a massive pilot shortage, newly trained pilots are unable to get a job due to being 1750 hours short for the bare minimum to get hired. There are only like three types of pilot jobs that one can do right out of flight school and they are extremely low paying. It takes an additional 2-5 years after flight school just go get a job that pays the bills due to the policies set by these insurance companies.

    • @honkhonk8009
      @honkhonk8009 13 часов назад

      lol just join the military. The government is the only organization that is forced to hire Americans, and cant hire 9999 gorillion indians that all lied on their resume.
      Its beyond sad how many jobs are tied to the military now, purely because everything got sent to india/china.
      We should NEVER have to deal with another countries overpopulation problem.
      Either nuke india, or limit immigration/outsourcing to these countries.

    • @deanchur
      @deanchur 12 часов назад

      Can you gain work as a co-pilot that would count towards the 2000 hours and would you be insurable as a co-pilot?

    • @JOEDHIGGINS
      @JOEDHIGGINS 5 часов назад

      Sort of, but no matter how you slice it, the only really good way to build hours in aviation without just accepting debt and years of low pay is the military. But that has a max age to start of approximately 30 years old.

  • @BizzLeVrai
    @BizzLeVrai День назад +9

    company are too large with too many managers. a company are people who do stuff. yes skill is important. for that that’s need to pay the person who do the good work a living wage.

  • @Kasman-r8o
    @Kasman-r8o 18 часов назад +8

    They want slave or very low paying workers, that's why they always say the hired everyone but in truth it's just slavery in the end

  • @Kite403
    @Kite403 День назад +87

    Being told that I can't get a good job because I don't have some arbitrary skill training that may not even be required for it is really pushing me towards the hammer and sickle mentality more and more... Thanks for the great video btw! Lol

    • @ifeoluwaadeoye6557
      @ifeoluwaadeoye6557 День назад +10

      Welcome comrade

    • @ArkansanPartisan
      @ArkansanPartisan День назад +8

      welcome comrade

    • @mrfattypancakes
      @mrfattypancakes День назад +7

      Enjoy your bread line

    • @Bluelimesuxcom
      @Bluelimesuxcom День назад +8

      ​@@mrfattypancakes you make 20k a year

    • @mrfattypancakes
      @mrfattypancakes День назад

      @@Kite403 Government brings in millions of low skills laborers who drive down wages and compete by living 10 people to an apartment. Government spends billions on then. Government sends billions to foreign governments while you fund them and struggle. You now conclude that Government should fully control everything, and think that would be better for YOU. 🥴🥴🥴

  • @MichałŁabno
    @MichałŁabno День назад +8

    yep. there is no such a thing as "unskilled labour". everey labour requires skills.

  • @bighoss8793
    @bighoss8793 День назад +11

    The Bulllshit gap

  • @kurtringwalt3371
    @kurtringwalt3371 День назад +23

    Employers dont want to train/invest in employees, end of story

  • @josephm5813
    @josephm5813 20 часов назад +6

    I was literally told that I was overqualified for a position as a tear down mechanic in a junkyard because I had an ASE certificate (and some shop experience) while the posting said "no experience required but experience and CERTIFICATIONS are a plus " And mind you the only questions that I was asked was "where am I from and where do I live?" And all the sudden I was over qualified...... I used to work for a Fine dine restaurant as a pastry cook/prep and when I asked after 2 and a 1/2 years of working with the same starting salary for a raise I was literally told "WHY Bother if we can just hire someone else for half the price?" I was getting paid 18/hr and this was in 2022

  • @titolovely8237
    @titolovely8237 18 часов назад +6

    job posting that says "needs to have 5 years experience with software" (that came out 2 years ago)

  • @FGH9G
    @FGH9G 19 часов назад +5

    Oh my God, the misuse of the word "programming" on job descriptions is absolutely infuriating.
    I swear, I saw a job designed for medical administrators that had in its list of qualifications requiring "programming skills," when those "programming skills" were literally nothing more than data entry and typing. It was literally just typing on a keyboard, and the job posting called it "programming."
    Are you fucking kidding me? This is literally the job market that we are dealing with. Being at the mercy of out of touch boneheaded corporate bureaucrats who just blindly call all work that needs to be done on computers (which is literally everything nowadays) as "working with computers and tech stuff." Drives me up the wall. 😡🤬

  • @jordanmatthew6315
    @jordanmatthew6315 22 часа назад +5

    In a nutshell:
    Fortune 500 Companies: "Give me your strongest, cheapest skilled worker"
    GOV.: "Best i can do is foreign employees"
    Fortune 500 Companies: "I will take it, preferably illegal and free with no ability to read and write; thank you."

  • @padiau78
    @padiau78 19 часов назад +5

    I was a chef back in the year 2000 but developed software in my spare time. I decided I want to work in IT and multiple companies offered me jobs despite not having any formal qualification. The offered to provide training themselves and pay for courses up to one day a week. That's because there was a REAL skills shortage in IT back then.
    Compare that to today where large tech companies are laying off tens of thousands of software engineers while at the same time complaining about not finding enough skilled and experienced AI engineers on the market.

  • @ashishpatel350
    @ashishpatel350 День назад +6

    Peole dont want to pay for quality goods and employeers cant pay their employees 😂. The circle contines

  • @shanesprecher8290
    @shanesprecher8290 День назад +10

    There’s only so much money you have for college, trade school, certifications etc…. Many people graduated with a degree in Computer Science, now the employers either don’t need those graduates because of the shear number of candidates in the labor pool, AI or H1B availability. That same Computer Science graduate now may have a more secure future in the trades. They spend the money for trade school then after a few years find out everyone else had decided to go into the trades. Because there’s so many people in the trades, wages get pushed down and you end up in the same vicious cycle.

    • @toddpacker1015
      @toddpacker1015 День назад +4

      Same thing will happen in trades when everyone is an electrician, plumber etc

    • @shanesprecher8290
      @shanesprecher8290 День назад +1

      @@toddpacker1015 Absolutely, there seems to be an entire industry dedicated to taking your money to become “certified”. There was a time when companies hired you straight out of high school and trained you on the spot, they paid for it out of their pocket, not yours.

    • @toddpacker1015
      @toddpacker1015 День назад

      @@shanesprecher8290 Yes, and the companies that offer the certification pay the companies to post the jobs, even if they are not hiring

    • @jamiehartman3350
      @jamiehartman3350 6 часов назад +1

      Back a decade ago we all heard "learn to code". Now it's "learn a trade".

  • @IsaacDozier1
    @IsaacDozier1 23 часа назад +6

    $15 per hour to designed & engineer trusses... That's not a skill issue, that's a pay issue.

  • @adishsuren7673
    @adishsuren7673 День назад +13

    hi

  • @lc9245
    @lc9245 День назад +14

    The immigration part is also insidious in that sure it helps the skilled migrants and the owners of large corporates who usually benefits from them pushing the price of skilled workers down, the bad part of immigration that people don’t talk about, is the “brain drain” effect. It’s probably very well known in sport that America and Europe often enjoy a flood of athletes coming there to make money playing sport. Athletes are mostly entertainers, thus it’s more tolerable than losing executives, engineers, doctors and so on to rich first world nations. No one is arguing strictly against immigration. It’s good for third world countries to lose researchers: mathematicians, biologists, physicists, the best and brightest need the resources only first world countries can afford. However, Western nations don’t need that many accountants and engineers from third world countries, if at all, no matter how skilled they are. It’s not just about power dynamic, pushing wages down and all that. Poor countries have also invested heavily into these people from a young age, and losing them to immigration is extreme wasteful. The worst of all are PR for cash programs. It’s nothing more than a system of wealth concentration by Western nations, which “coincidentally” also encourages rampant corruption since if you are friendly to the US and its allies, you can hide all of your dirty in tax havens and migrate to the west, taking all the money of the impoverished nation with you.

    • @jjsanchezramirez
      @jjsanchezramirez 23 часа назад +2

      I’m a doctor from a third world country currently living in the U.S., coincidentally on an H1b visa (though the majority of international medical graduates are on J1 visas). What you’re saying is very true, there is a shortage of medical professionals in my home country. To be fair, there is also a shortage of doctors in the U.S. and I’d rather practice in a country where I have the necessary tools to do my work. It’s also one of the very few professions in which their literally isn’t anyone else qualified to do my job, as opposed to IT or many other fields in which companies are just looking to hire a cheaper workforce.

  • @raptokvortex
    @raptokvortex День назад +5

    Is nobody going to talk about how that map of the UK was just of England?

  • @jeffbox1torres
    @jeffbox1torres 17 часов назад +34

    With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.

    • @brickPalmerm-ki5er
      @brickPalmerm-ki5er 17 часов назад +1

      I'm celebrating a $60k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.

    • @WaltRsDave-cs4zc
      @WaltRsDave-cs4zc 17 часов назад

      Do you invest with a professional broker? 
I'd appreciate it if you show me how to go about it.

    • @jeffbox1torres
      @jeffbox1torres 17 часов назад

      Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.

    • @jeffbox1torres
      @jeffbox1torres 17 часов назад

      Use her name to quickly conduct an internet search.

    • @jeffbox1torres
      @jeffbox1torres 17 часов назад

      SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.

  • @langsor
    @langsor 17 часов назад +5

    Entry level position. Four or more years experience required.

  • @josephm5813
    @josephm5813 20 часов назад +4

    Imagine 4 years ago , you have a entry level job and you're interested in becoming a programmer then you study for at least 2 years Just to be told that you need experience or more skills. Then you decide to take a non-paying internship while still studying, just so they can tell you sorry we found a cheap alternative with AI Or have you play Mary go nowhere because we're not actually hiring but we are gonna interview you 8-12 times

  • @MrSubsound90
    @MrSubsound90 День назад +4

    It's a gap between skills they want and skills they are willing to pay for.
    Every recruiter that has contacted me since the pandemic started rave about how awesome my skills are...but "entice" me with a 20-30% salary drop from what I am earning now. Then try to blame me when I won't quit my job.

  • @theone3746
    @theone3746 День назад +4

    The Skills Gap issue is also due in the lack of training jobs offer Nowadays. I have worked with 3 companies now, and the "training/ramping up" was trash. It becomes very clear that leadership is clueless of the tasks they give out, or they are incapable of explaining/training.

  • @NickNab
    @NickNab 21 час назад +4

    I hear every now and then about someone who has one of those decently-paying faceless desk jobs in a cubicle where they just redirect a couple emails a day and nobody has any idea who they are or what they do, and if they're quiet about it they just hang around online all day. I want that job.

  • @sarikagoode1505
    @sarikagoode1505 День назад +5

    I read a stat that only 13% of job applicants possess the skills the employers are looking for. The education system is cumbersome, slow to change and especially with tech, outdated. There’s an oversupply of graduates for available jobs in some fields.

    • @AYAKXSHI
      @AYAKXSHI 21 час назад +1

      I mean our education system hasn’t changed since the industrial revolution where they needed to just educate factory workers
      School nowadays is pointless because we are learning useless information that’s only needed for a test

  • @kilburnvideos
    @kilburnvideos 19 часов назад +6

    Turns out the job creators didn't actually create enough jobs and NOTHING trickled down. WHOCOULDAKNOWED?!

    • @honkhonk8009
      @honkhonk8009 13 часов назад

      1980s republicans are 2024 democrats. Same demographic same politicians. Like how dick cheney and bush endorse kamala.
      Litterally they just import a mass number of indians coupled with outsourcing all the jobs to india/china.
      We dont even participate in the economy unless were born into wealth.
      We only got out of feudalism because our population lowered, and the wealthy were forced to compete over peasants.
      Now with these overpopulated countries, were going back to feudalism.

    • @commentinglife6175
      @commentinglife6175 7 часов назад

      And yet, for all the whining about trickle down economics, Democrats still push it when it comes to their FAVORED industries! Need jobs? Offer a tax break to a movie studio! Yeah, that's the same thing as what you are complaining about.

  • @Hypnotically_Caucasian
    @Hypnotically_Caucasian 16 часов назад +11

    “We have a skills gap! Ahhhhh the economy is imploding!!!”
    “Why don’t you train your workers?”
    “That will cost ME money instead of the worker’s money!”
    “Would universal free education help this?”
    “No! Outsource it to Timbuktu instead because it’s cheaper.”
    Welcome to slavery 2.0

    • @commentinglife6175
      @commentinglife6175 7 часов назад

      The problem is, in the US, the federal government has a dozen such training programs, as do many states, and yet it still doesn't work. Most times, those government training programs end up being bottom tier and worse for the student than not attending at all.

  • @codingrules
    @codingrules День назад +10

    I wish everybody would stop saying software-developers is just somebody "who can code". In my bachelor and master in computer-science 2/3 of ONE quarter was spend on learning how to code. Yes, you do code in many courses, but it is not the curriculum. It's like when a psychologist or economist need to use English in their courses.

    • @CyrilCommando
      @CyrilCommando 21 час назад +1

      All algorithms & theory & very little practical?

    • @xylynthian753
      @xylynthian753 11 часов назад

      You don't even need a degree to be a software developer. Literally anyone can buy Python Crash Course or some shit and start writing their own programs in like a month. A lot of freelancers don't have any education outside of self study and maybe a few certs.

    • @codingrules
      @codingrules 11 часов назад +1

      ​@@CyrilCommando Oh you get plenty of practical. As I said you code in half the courses so as a biproduct you get practical experience. Like a course about compilers where you also have to make a java-compiler.
      Or a course about operating systems where you also have to code kernel features to an old version of linux.
      Or a course about peer-to-peer protocols where you have to design, implement and test your own peer-to-peer protocols.
      Or a course about randomized algorithms where you have to make them work in the real world.
      Or a course about software-architecture where you have to use the ideas to solve real problems.
      Or a course about security with real world problems.
      An so on.
      You also have purely theoretical courses about subjects like logics, semantics, concurrency, computability, algorithms and data-structures, linear algebra, statistics, machine architecture and so on.

    • @codingrules
      @codingrules 11 часов назад

      @@xylynthian753 Of course. I coded before high school. Made me as much a professional software-developer as I was a professional literary writer. You could argue that everybody is a literary writer which exactly is my point. Everybody is but then again no they are not.
      And that everybody can learn how to code is exactly my point about higher education in the field. That coding is NOT what you are taught. See my answer to xylynthian753 if you think that means no practical experience.
      That everybody can learn to code in no time flat is again why a higher education in computer science don't waste much time on that. You just use it. There are so much more interesting and useful things to learn. Today I assume everybody take the course in machine-learning. In my time few took that course.

    • @codingrules
      @codingrules 10 часов назад

      ​@@xylynthian753 I coded before high-school, but that made me as much a software-developer as a writer. As you say it is easy to learn how to code which is why a bachelor/master in computer-science don't waste much time on that. Coding is not computer-science which has so many interesting subjects. - Now a days I imagine almost everybody take the course in machine learning which was fringe in my day (finished in 2011). - Coding is just the tool used to express solutions. For a few examples of what you are taught see my answer to CyrilCommando.
      Thinking that a crash course in coding and a few certificates make your knowledge competitive with a bachelor in computer-science (or even an application-bachelor) is like thinking a high-school course in psychology and a few certificates make you a psychologist.
      I can tell you those freelancers are not paid for their ability to code. They are paid for their ability to solve problems the solutions to which have to be expressed in code. The complexity of these problems varies tremendously, but that is the difficult part. Having deep knowledge from a relevant education or experience naturally helps. Some problems just really demand a deep knowledge about distributed systems for example.

  • @abcde7974
    @abcde7974 19 часов назад +4

    Skill gap my rear end😂 . Evilcorp will rather close the business, then raise the wage

  • @cmack17
    @cmack17 День назад +4

    How did these companies trick the public into thinking the companies should not train their own workers?

  • @AndrewPolich
    @AndrewPolich 20 часов назад +4

    "There's not a skills shortage. There's just a shortage of people who want to do difficult jobs for bad pay."

  • @fmachine86
    @fmachine86 19 часов назад +4

    They will never stop pissing on your head and telling you it’s raining.

  • @BulletTracer
    @BulletTracer 17 часов назад +3

    I love How Money Works and all but 99% of these videos can be summarized as: Thing = rich people & corporate greed. 😂

  • @flipdbit
    @flipdbit 17 часов назад +4

    0:49 In many ways, Bill Clinton was Temu Reagan.

  • @lextacy2008
    @lextacy2008 21 час назад +3

    Skills Gaps are usually created due to the 40 hour work week preventing people from skill bridging, taking certifications, schooling, ect.

  • @ruben9912
    @ruben9912 День назад +10

    This is why us tradies are mostly incorporated one man bands. There's no boss that will pay us the same rate. Plenty of customers but once you start working for XY company it all goes downhill. XY Inc's business model is to shaft the employee to win the race to the bottom. Quality, retention, job security, take home pay, etc all suffer. At some point you've seen enough and either you get out or you start setting your own prices.
    In short, there's a wage shortage in some sectors. The reward does not line up with the reality of the job. Wise guys are asking proper prices and regular people are dropping out of the target audience.

    • @Michael-mr3ig
      @Michael-mr3ig День назад

      I'm currently a developer on my way to becoming a fully qualified electrician in the UK. My dad was a self-employed tradie till he retired a couple years ago. I remember working with him for a few summers when I was younger. Nothing in software has ever given me the satisfaction and fulfilment I felt back then. I remember finishing very late one day and when I finally laid down in bed to rest it was one of the best feeling I have ever felt in my entire life.

  • @redslate
    @redslate День назад +3

    TLDR: "We want to pay less for more experience. Also, managers have _no clue_ what they _need_ to be successful."

  • @wesnohathas1993
    @wesnohathas1993 22 часа назад +3

    Basically, it's not called a "skills gap"
    It's called "you're underpaying your workers"

  • @scottlincoln9900
    @scottlincoln9900 День назад +13

    wage slavery is still slavery...

    • @DavidLLambertmobile
      @DavidLLambertmobile День назад +2

      Yep, non resident or "new" comers who flood unto a US city willing to work 16-18hr a day 7 days a week for extremely low, lower wages $$$ is part of the problem. A large corporation will hire 100 immigrants & pay them min wage. A "skilled" or US citizen who capable of good work is pushed out. Can not work 60hr a week.

  • @wwm84
    @wwm84 18 часов назад +2

    "We need more workers!"
    "Hi, I meet all the qualifications in your job posting, I'm in for $25/hr."
    "No that's too much! You're just greedy!"
    "I have six years of experience in this field and know [esoteric job knowledge]."
    "We can't find anyone!! No one wants to work anymore!!!1!111"

  • @cedrove7513
    @cedrove7513 День назад +2

    too qualified to get a job but not qualified enough to get a job is my issue. "overeducated? nah you can't work here. you'd ask for more money" "no work experience? nah you can't work here." can't get a call from best buy, but since I've been self employed for the majority of my life, I don't have the requirements to apply for the majority of jobs. No past employers to call. I can't get a "high schooler's job". I can't get an "adults" job because i can't get a "high schooler's job". Companies whine and cry about me not working there, but they won't hire me, let alone the fact that they don't pay a living wage for "entry jobs". You know, necessary jobs that are totally okay to find fulfilling to do. Like a grocery clerk, broadly the city workers that do things like garbage, mail, maintenance and all sorts of unseen, necessary jobs. Like you don't need an education to be a groundskeeper for my city, you need some other relatively easily acquired skills. But the job makes less than if I worked at McDs. Except you get the best insurance in the state. Self employed I make about 1.5-2x the average wage I could get at an entry level job, if they would hire me.
    Let's also not forget about the elderly. Maybe we shouldn't require them to work after retirement age, however if they want to, the job shouldn't be like the greeter at walmart and getting an unlivable wage. I fundamentally don't think any job should be treated as a "yeah do this job, but also do another if you want to survive" no matter who the majority of the workers are. Things should be designed to handle exceptions. I think everyone should be able to do a job and feel fulfilled and not taken advantage of. Elderly, the severely disabled and just your average person. I don't expect every person as disabled as steven hawking to be as uniquely smart as he was. Maybe being a greeter is what they can do and that's great. Let it be livable.
    There isn't a skills gap. There isn't an employee issue. It's entirely the upper caste of business and law that's choking everything in an insatiable greed.
    i'll end the rant here and watch the video.

  • @mstarlight4102
    @mstarlight4102 20 часов назад +2

    Seems like a skill issue. needs more skill (insert W dancing gif here)/s
    It is the latest in a long line gaslighting by the corpos TBH. Right after "lower taxes on us helps everybody" and "climate change is YOUR fault for not recycling that plastic bottle."

  • @pavlokachor6544
    @pavlokachor6544 День назад +3

    Can't find a job in this economy? Skill issue

  • @prettyboyjeremy
    @prettyboyjeremy День назад +3

    Add on typography errors and you end up filtering out literally everyone.

  • @thebinaryshadow
    @thebinaryshadow День назад +16

    FIRST!
    Haven't done this in years

    • @HowMoneyWorks
      @HowMoneyWorks  День назад +15

      well done! see you here again in another 5 years.

  • @greatvaluefinancetv
    @greatvaluefinancetv 20 часов назад +2

    Skills don’t matter, it’s all about experience. Can’t get an entry level job without a couple years experience.

  • @Xerophun
    @Xerophun День назад +27

    There's an uncomfortable discussion to be had about why these incoming workers are doing more harm than good. But most aren't ready for that yet.

    • @JoeSmith-oy3hk
      @JoeSmith-oy3hk День назад +7

      I don't think it's that their not ready to discuss it, I think it's that they're not ready to be called racist for bringing it up and risk being unemployed for the next decade as a result.

    • @silver_soul
      @silver_soul 22 часа назад +2

      Which incoming workers?

    • @mistermoo7602
      @mistermoo7602 21 час назад

      Truth is they're only here because the rich set up the military industrial complex to destabilize other nations in order to ensure a steady flow of desperate foreign workers looking for a better life can be used as leverage to attack worker's rights. The corporations who control the government want you to see immigrants as enemies instead of fellow people fighting to earn a living. In reality, Citizens and Undocumented Immigrants actually all share the same enemy: Capis. Only way for us to fight it is to band together and stop the destabilization of other nations.

    • @Xerophun
      @Xerophun 10 часов назад +3

      @@JoeSmith-oy3hk We're all going to be unemployed for the next decade anyways, but at least we weren't called a mean name.

    • @LATEXXJUGGERNUT
      @LATEXXJUGGERNUT 4 часа назад

      The question of tolerance is indeed rather kosher.