Morning Commentary
Once again I think market watchers missed the most important news of the day yesterday, because it's the most important news of the millennium and the true American Achilles heel. The Empire State Report was chocked with a lot of useful data on prices, employment and demand. The supplemental report is what shocked and disappointed me most. The headline was ominous: Firms Cite Increased Difficulty Finding Workers with Math and Computer Skills.
It's really amazing there could be this much trouble finding competent workers. Showing up for work on time and being reliable were things in past generations that were common. I think the problem began about twenty years ago and has gotten worse. As a business owner, I've heard many reasons over the years for people having to be out or coming to work late, ranging from the implausible to Aesop. There is a direct correlation between people coming in on time, or early and working late, and overall production. You simply can't mail it in even if you have talent.
With damn near 75% of employers voicing difficulty finding people willing to come to work on time, you wonder how we can compete in a competitive global market. I don't think this number would register as high if the survey was taken in Shanghai or Mumbai, and I'm being polite. Maybe that's the real problem. Maybe we are being too polite about people not doing the kind of heavy lifting needed for success. Not that coming to work on time is heavy lifting. There has to be some kind of clarion call for people to wake up and simply get the job done the right way. This is a national crisis, and it is getting worse, but politicians fear losing votes, so they stay mum.
Comments |
Has anyone read the Constitution lately? Where in there is the federal government granted the privilege of regulating speculators? Yeah, you might have to rely on the commerce clause which has been construed by the courts to encompass vastly more than the framers ever anticipated. But it is this government over-reach, this government-can-fix-all attitude that has brought us a society where math and computer and interpersonal skills are so lacking. It is the Department of Education that has dumbed down our society. It is no-kid-left-behind legislation that has resulted in every kid being left behind. The government should be in the business of governing within the very narrow confines listed in their enumerated powers and it should leave the rest to us, period! George on 4/17/2012 11:09:24 AM |
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