Author Topic: Employers courting less-educated workers ó but arenít offering more pay  (Read 75 times)

ergophobe

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https://www.washingtonpost.com/business/2018/10/03/employers-are-courting-less-educated-workers-finally-they-arent-offering-pay-increases

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In the July release of labor market data from the bankís Survey of Consumer Expectations, Kosar and analyst Kyle Smith noticed something surprising: Workers without a bachelorís degree are switching jobs at the highest rate since the thrice-yearly survey began in 2014, but their salaries have fallen slightly in the past year.

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ďLess-educated workers might be finally moving to firms with higher productivity and with better opportunities for themselves,Ē Kosar said. In the absence of an immediate salary bump, they are likely counting on raises or more lucrative offers in the future.

rcjordan

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Employers are able to dumb down their hiring due to increasingly automated, sometimes home-grown, expert systems --mostly software & computers to date but it's now coming to more physically-oriented jobs (see Terminator Scenario).

ergophobe

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Perhaps, but this article was arguing that despite the frozen wages, there is an apparent tightening of labor markets for workers without a college degree.

rcjordan

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>tightening of labor markets for workers without a college degree.

I should have made that point.  IMO, it's tightening because we employers have been chipping away the costly HR attributes once needed for any given job since Windows 1 and prior.  Somewhere around here, I outlined how we'd done just that for the front office help at the realty office.  Since then, I've even stripped it more and made it a contracted virtual service (same gal, she just works from home using commercial voip telephone switchboard I purchased and her smartphone and computer).