Lore wrote:This story is misleading. What they're talking about is a lack of highly skilled technical workers for a specific field. How many out of work 55 year old textile workers in NC would qualify with experience to work on a CNC Mazak machine, or robotics repair?
Yes, the article talked about shortage of skilled manufacturing workers, but the fact that there are shortages of skilled manufacturing workers at all
tells you there is lots of demand for at least one category of Armegeddon's blue-collar workers. Would you prefer these workers not
be in demand? If they weren't in demand, then you could speak to me about doom and gloom.
Furthermore, that wasn't the only thing the article talked about. The shortage of skilled workers was just the worst problem mentioned. It's basically a "crisis of riches." They've got so much business they can't find the workers to meet their demand.
As the broader economy limps along -- economists at Bank of America and Goldman Sachs recently forecast quarterly growth at just 1.5% and 2.5% respectively -- recent manufacturing activity is instead in line with an economy expanding at 6.5%, analysts at Ned Davis Research wrote in a recent note to clients.
And that strength is translating into job growth. The Bureau of Labor statistics said that the manufacturing sector has added 243,000 private sector jobs since December 2009. While it accounts for 12% of total economic output, manufacturing has driven 18% of private job gains, according to TD Economics.
And laid-off textile workers aren't the only potential pool of labor for future CNC machinists. Most of Armageddon's many out-of-work construction workers would probably be easily able to train for work as a machinist. Something like that would be right up their alley.