Culture - Feb 16, 2017
Skilled Workers Are Scarce in Tight Labor MarketJeffrey Sparshott | WSJ
"Within the manufacturing sector ... companies with sophisticated machinery often need workers with specific skill sets. Manufacturing wages in December were up 3.4% from a year earlier, outpacing the 2.9% gain for all private-sector workers."
Nearly two-thirds of small businesses are spending more time training workers than they were a year ago, according to a survey by The Wall Street Journal and Vistage International, a San Diego executive-advisory group. That could give more Americans access to skilled manufacturing jobs as companies invest the time and resources to bring in less-experienced workers.
“The biggest challenge confronting firms is their need to expand hiring in an already-tight labor market,” said Richard Curtin, a University of Michigan economist who oversaw the survey.
As a result, some firms are casting a wider recruiting net and landing workers with fewer relevant skills.
“It’s very challenging to find individuals for job placements, especially ones with any type of experience,” said Travis Lane, chief executive of safety equipment manufacturer Rock Exotica. “We’ve had to look to younger generations with less experience.”...