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Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Sept. 26, 2006 / 4 Tishrei, 5767

The Upcoming U.S. Labor Glut: Implications for Job Seekers and Employers

By Marty Nemko

Nemko
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http://www.JewishWorldReview.com | A welter of recent books are predicting a U.S. labor shortage, for example, Get 'em While They're Hot : How to Attract, Develop, and Retain Peak Performers in the Coming Labor Shortage, Lost Knowledge: Confronting the Threat of an Aging Workforce, Workforce Wakeup Call, and most well known, Ken Dychtwald's Workforce Crisis: How to Beat the Coming Shortage of Skills And Talent.


I believe these books underestimate six factors that make a shortage unlikely:


1. Corporate downsizing has only just begun. Corporations are realizing that infrastructure — big central and regional offices, staffed with legions of managers — are unnecessary. Those companies are seeing nimble new organizations compete well with the big guys. For example, the new book, The Starfish and the Spider: the unstoppable power of leadership organizations points out how infrastructure-light companies like Skype, Wikipedia, and Craigslist are beating megacorporations because of their small staffs. For example, Craiglist has taken away huge market share of newspapers' classified ad revenues. Many experts predict that corporations have gotten as lean as they can be. I don't agree: I believe the downsizing has only just begun.


2. It's becoming ever more cost-effective to replace employees with technology. Why? Because technology is becoming ever better and cheaper while employees are becoming ever more expensive: not just because of the much discussed increases in health care costs but because the number of employee lawsuits for sex and race discrimination — incredibly stressful both in dollar and human costs — continue to rise.


3. Ever more just-in-time hiring. Even trailing-edge companies now realize that they need few employees 52 weeks a year, year after year. Not many employees have a skill set so current and so important every week of the year to justify paying them for all 52 weeks, not to mention the expensive benefit package that permanent employees expect. Employers know that many full-time employees spend part of their year marking time during slow periods, contributing less than what the company is paying them. So, employers are deeming it wiser to hire on a just-in-time basis: hire people with the skill set needed for a particular project, on a contract that expires when the project is complete. That way the employer is not paying employees when there is no work to be done. When the next project comes up, the employer hires people with the right skill set for that project. The result of just-in-time hiring, of course, is a smaller workforce.


4. Global hiring is ever more desirable. Ever more jobs can be done from home, so employers can recruit worldwide. Thanks to the Internet and companies that assist in offshore hiring such as Infosys and Tata, an employer in New York can easily recruit the best talent in the world, whether it be a home-bound quadriplegic in Manhattan, a 16-year old in Israel, or 10,000 engineers in India. And because all those people will be competing for a position — not merely those who answer an ad in the local newspaper as in the old days — not only does worldwide recruiting avoid a shortage of applicants, those applicants won't be as expensive to hire.


The U.S. government is wringing its hands about the lack of science and math graduates. Fact is, that will not put U.S. companies at a disadvantage. There are so many science and math graduates in the megacountries of India and China that U.S. companies can find most of the help they need abroad.


5. Illegal immigration will ensure a supply of low-level workers. America seems to have decided to not get serious about enforcing its borders. So the ever accelerating influx of illegal immigrants will provide all the cheap labor the U.S. needs.


6. The boomers are not retiring in the predicted numbers, some because they haven't saved enough for retirement, others because want to keep working and can do so because they're the healthiest aging population in history (Hence the cliché, today's 60 is the previous generation's 50) Retiring to the golf course has become passé.


If my analysis is correct — that the U.S. is likely, at least for the next decade, to have a labor glut — what are the takeaways?


Employees and job seekers: Your negotiating power is eroding. You better be a star or you're vulnerable to salary cuts and downsizing. I believe that, for many people, a wise move is to learn how to start your own business so you can use the employee glut to your advantage. Rather than an M.B.A., get more practical help for free through the workshops, mentors, and online advice offered by the Small Business Administration (www.sba.gov.)


Employers: Learn how to attract the best talent, including those who can't show up to your office even for the interview: the aforementioned paraplegic, the genius in Appalachia, and of course, the still largely untapped talent that resides outside the U.S. For example, the population of India and China alone is eight times that of the United States! And their populations are notable not just for their low cost of hiring, but their work ethic and intelligence. With regard to the latter point, the term "educated" rather than "intelligent" is normally used to explain Chinese and Indian high achievement, but fact is, India spends half of what the U.S. does per capita on education. China spends just one-third. Some of the disparity is explained by the fact that those countries educate a smaller percentage of their population and don't spend what we do on special-needs students, but that statistic certainly makes clear that education isn't the magic pill we like to think it is.


For U.S. consumers: U.S. companies still seem to have an edge in innovation and in cost control. Those should conflate to result in better products and lower prices for U.S. residents.


For U.S. investors: As you consider where to invest your money, I believe there's no need to look to volatile Chinese or Indian stocks, where reporting requirements are flimsier than in the U.S. I believe that investing long-term in a market basket of blue-chip U.S. companies (for example, an index fund of the Dow Jones 30 or S&P 500) should pay off, as those companies reap the profits and productivity that come from ever improving technology and use of a worldwide labor force.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

400+ of Dr. Nemko's published writings are on www.martynemko.com. Comment by clicking here.

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