‘This argument is immensely pleasing to the technocratic mind. It suggests that our core economic malfunction is technical – a simple asymmetry. You have workers on one side and good jobs on the other, and all it takes is training to match them up. Indeed, every president since Bill Clinton has talked about training American workers to fill the “skills gap”. But gradually, one mainstream economist after another has come to realize what most workers have known for years: the gap doesn’t exist. Even Larry Summers has concluded it’s a myth.The problem isn’t training. The problem is there aren’t enough good jobs to be trained for. The solution is to make bad jobs better, by raising the minimum wage and making it easier for workers to form a union, and to create more good jobs by investing for growth. This involves forcing business to put money into things that actually grow the productive economy rather than shoveling profits out to shareholders. It also means increasing public investment, so that people can make a decent living doing socially necessary work like decarbonizing our energy system and restoring our decaying infrastructure.‘
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