RURAL AREAS NEED ECONOMIC DEVELOPMENT, BUT …

#RuralAmerica #EconomicDevelopment #jobs #employment
Rural areas want to boost their economy.
They want to attract companies/employers who can employ lots of people who are now out of work for a variety of reasons – not the least of which is where they live.
Kyle Wingfield, a columnist for The Atlanta Journal Constitution, took on this issue, as it applies to rural Georgia, in an Aug. 27, 2017, column.
“There are a lot of different factors that affect the quality (of the workforce),” Wingfield quotes Amy Lancaster, director of workforce development for the Metro Atlanta Chamber of Commerce. “The education system is a big piece of that … but the opioids (epidemic), criminal justice reform – all those things have a big impact, so it’s hard to limit or confine it to one issue or agency,” the quote continued.
Regarding the education system, Wingfield discussed the community college system with Lancaster. “The course offerings may not be aligned with local demand, at least not from the employer side,” Wingfield quotes her. In other words, what the employers want the students to learn is not what the students themselves want to take.
She told Wingfield that there are no incentives for colleges, either two-year or four-year, to offer what the employers really need students to learn.
Let’s break this down further. Rural areas, be they in Georgia or any other state, have a distinct disadvantage to urban areas in terms of attracting employers. It’s difficult to attract the type of talent employers seek because the workers they want to attract, usually young and fairly educated, don’t want to move to a rural area. They look for the multitude of life options urban areas provide in abundance. And those workers already living in rural areas may not be the type of workers Company X needs.
Secondly, though there is relatively high unemployment in rural areas, it doesn’t appear that people are willing to do what it takes to become more employable. In other words, if a company needs, say, welders, and people are not willing to take the necessary training to become a welder, there’s a mismatch between the supply of employable people and the demand for the needed skills.
From the worker’s perspective, he may think, “is it worth my time to get the extra training that Company X wants me to have, only to find that a year or two later, the employer demands something else – or needs to reduce staff — and I’m no longer needed?”
Many workers who thought they had secure jobs have lost them, so it’s easy to figure out why they would ask whether the extra training and effort would be worth it in the long run.
An example might be truck driving. Would a prospective new truck driver want to go through all the training that it might take, only to discover a few years later that his company will be going to driverless vehicles?
Welders may be in demand now, but will they be replaced by robots later?
It’s a tough position all around. But, if you are a prospective worker who is examining what to do with your life, you might want to think outside the box. There are plenty of ways out there to make a potentially sizeable income, without a W-2 job, if you are open to checking them out. To learn about one of the best, message me.
If you are an employer, consider that workers willing to be retrained for the skills you need now will want some assurance that they will be able to adapt as your technology changes. And, in fact, that they will still be welcome as needs change. So, it’s not only the educational institutions that need incentives to offer courses in skills employers need, the workers, too, need incentives that a decent future awaits them, if they make the effort to be retrained.
It’s not just technical skills that employers look for. The so-called soft skills – being able to work as a team, being friendly and attentive to customers etc. – can be just as important to employers.
It’s a tough world. Good things come to those willing to adapt. How you adapt – and how you think about the future – could make all the difference in your success.
Peter

CLASS OF 2013: FEAR THE DEBT REAPER

It’s early, but Kyle Wingfield, columnist with The Atlanta Journal-Constitution, thinks it’s time to address graduates.
His October 2012 column suggests that graduates – mainly high school graduates – think about their options before going to college.
Wingfield suggests that they not end up like Katie Brotherton, a young Cincinnati woman who is $190,000 in debt from college and graduate school. She’s living in her parents’ basement.
Brotherton is “looking for answers.” As Wingfield points out, it started with her decision to go to college with borrowed money.
You can envision a pattern: a person goes to college, thinking she would get a good job when she got out. She doesn’t. So, she decides to go to graduate school, thinking it might broaden her qualifications and buy her time for the job market to improve. Meanwhile, she’s incurring more debt.
She gets out of graduate school with no good job and lots of debt. She moves back home. She doesn’t want to be living at home, but she has no choice. Her debt and lack of employment leave her unable to afford to live on her own. Her parents sympathize with her plight, but they, too, would rather see her out on her own.
A few decades ago, we were told to go to the best college we could possibly get into. The best schools would open more doors, we were told. The best schools, often, were usually the most expensive. But if those schools opened more doors, you’d be able to pay back your education fairly quickly with a good job.
Many of the “good” jobs that students thought would be there are not. In fact, they may have disappeared permanently.
As Wingfield points out, education inflation is rampant. There could even be an education “bubble” getting bigger by the day. We all know what happened with the housing “bubble.” It’s not that students should not get an education, it’s that some education does not provide a great return on investment, in terms of career opportunities.
Certainly, there is nothing wrong with getting a degree in history, literature or some of the other liberal arts. No education is really wasted. But students have to evaluate whether that education is worth the debt incurred, or, worth the sacrifices your family might make to provide it.
ARTS, HISTORY MAJORS: YOU HAVE OPTIONS
If you love history, the arts or psychology, you can still pursue them. But you can do so at less expensive schools close to home. You may be able to parlay those degrees into a good career, but you have to understand that most people with such backgrounds cannot convert them to real dollars.
All is not lost, however. You can get one of those degrees without using it as an income producer. There are many excellent ways to produce income outside your educational background. To check out one of the best, visit www.bign.com/pbilodeau.
Even if you have a degree in engineering, the sciences, technology, mathematics or other fields in great demand, you might want to have a Plan B if your career plans don’t turn out the way you want them to. There are excellent income streams that can get you out of your parents’ home as an adult.
So, as Wingfield addresses the class of 2013, he suggests that they not lower ambitions, just understand the reality. Not all college degrees are the same. Most college degrees can be obtained from schools that are not cripplingly expensive. Remember that as you get older and proceed in your career, or life, where you went to school becomes less important in terms of whether you get hired. A degree is a degree. You will succeed largely on your experience.
Success comes in many forms. Being a great historian may not produce lots of income, but it may produce great successes. Just realize that you may have to find another way to make a living, or create wealth for yourself.
Educational institutions need to be aware of the “bubble.” It could burst, and they could find themselves with great, expensive programs, and no students that can afford them. Students need to be aware that there are ways to make an income regardless of education. You just have to be willing to check them out.
Peter