CNBC Poll: Should the US Spend On Retraining?
As today’s workforce shifts to the skill-intensive service sector, many laid-off workers say they are resorting to retraining to expand their skills and chances of getting back to work.
Yet, skeptics argue investing in skills represents a substantial risk and retraining employees is ineffective and the unemployed will still have difficulty finding long-term jobs as technology keeps changing.
According to a 2008 study by the Labor Department, the benefits of the biggest federal job training program were “small or nonexistent” for laid-off workers.
What do you think?