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A skilled worker is any worker who has special skill, training, or knowledge which they can then apply to their work. A skilled worker may have learned their skills through work experience, on-the-job training, an apprenticeship program or formal education. These skills often lead to better outcomes economically.
By Todd Defren Two people quit my company this month. That's OK; it happens. Before these unfortunate events, I liked these employees a lot. Afterward, I only liked one of 'em.
One of the factors that increases the relative demand for skilled labor is the introduction of computers. In order to operate computers, workers must build up their human capital in order to learn how such a piece of machinery works. Thus, there is an increase in the demand for skilled labor.
However, in many of these countries, such as the United States, the supply of blue collar labor (especially skilled trades) has declined faster than demand for these services has fallen. Driven by a gradually aging blue collar workforce and shifting preferences towards higher education, this trend was exacerbated during the COVID pandemic. [5]
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On Friday, the Bureau of Labor Statistics reported the latest monthly payroll data for the U.S. economy. Total employment rose by 175,000 in April. The unemployment rate rose slightly to 3.9% from ...