I think retraining is crucial for job creation; there can be no argument in that respect. Where I do differ is on how retraining takes place. One way to help job creation would be to bring businesses into the actual retraining process.
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New York, NY (PRWEB) August 19, 2012
In a recent Investment Contrarians article, editor Sasha Cekerevac notes that trying to reduce the unemployment rate is extremely important for the economy, and retraining is crucial for job creation. Cekerevac argues that the key to job creation, though, stems from the private sector; he proposes that businesses should be integrated into the actual retraining process.
“I think retraining is crucial for job creation; there can be no argument in that respect,” comments Cekerevac. “Where I do differ is on how retraining takes place. One way to help job creation would be to bring businesses into the actual retraining process.”
Certainly some part of the job creation program does involve schooling, but another contributor to a high unemployment rate is a lack of hands-on experience, argues Cekerevac.
“Instead of spending billions of dollars on bureaucrats who are trying to determine what jobs will be needed to reduce the unemployment rate, how about subsidizing a nationwide apprenticeship program?” asks Cekerevac.
The Investment Contrarians editor suggest that those companies willing to take on apprentices and teach them new skills and roles will receive a subsidy for the wages. This will reduce the cost of bringing on an apprentice, and the unemployed person will have real-world, hands-on experience, he explains.
The unemployment rate is quite low for certain sectors of the economy that need highly skilled workers, reports Cekerevac. However, the unemployment rate, he points out, is very high for those individuals lacking skills that businesses demand right now.
Cekerevac concludes, saying, “By the time bureaucrats determine what sector is best for job creation, it might be too late.”
To see the full article and to get a real contrarian perspective on investing and the economy, visit Investment Contrarians at http://www.investmentcontrarians.com.
Investment Contrarians is a daily financial e-letter dedicated to helping investors make money by going against the “herd mentality.”
The editors of Investment Contrarians believe the stock market and the economy have been propped up since 2009 by artificially low interest rates, never-ending government borrowing and an unprecedented expansion of our money supply. The “official” unemployment numbers do not reflect people who have given up looking for work and are thus skewed. They believe the “official” inflation numbers are also not reflective of today’s reality of rising prices.
After a 25- to 30-year down cycle in interest rates, the Investment Contrarians editors expect rapid inflation caused by huge government debt and money printing will eventually start us on a new cycle of rising interest rates.
Investment Contrarians provides unbiased research. They are independent analysts who love to research and comment on the economy and investing. The e-newsletter’s parent company, Lombardi Publishing Corporation, has been in business since 1986. Combined, their economists and analysts have over 100 years of investment experience.
Find out where Investment Contrarians editors see the risks and opportunities for investors in 2012 at http://www.investmentcontrarians.com.
George Leong, B. Comm., one of the lead editorial contributors at Investment Contrarians, has just released, “A Problem 23 Times Bigger Than Greece,” a breakthrough video where George details the risk of an economy set to implode that is 23 times bigger than Greece’s economy! To see the video, visit http://www.investmentcontrarians.com/press.