The skills gap
Wednesday, April 14th, 2010While California school districts suffer catastrophic budget cuts, the employment skills gap has never been more apparent.
Official unemployment hovers dangerously close to 13%, with a real figure probably north of 20% (if you exclude the underemployed from the numerator and add back discouraged workers to the denominator). And yet Bay Area tech companies are fighting to fill thousands of open positions. What gives?
Even today, my old employer Accenture (called Andersen Consulting back when I was slogging through government IT projects for them) had posted street teams South of Market to pass out recruiting cards.
Yesterday at Google, gubernatorial candidate Steve Poizner repeated that Google would have retained another $10B over its life if it were located in Nevada instead of California. One could claim that it might have never become Google at all if it were anywhere besides Sili Valley. The Bay Area is one of the most prosperous places on the planet because of the people who choose to live and work here. And if companies here can’t get the right brains and skills for its open jobs — because the schools are collapsing, because houses cost too much, or because the state government has become a giant scheme to convert taxes into pensions for its workers — then Sili Valley (including the SF tech sector) will cease to be.
We’re not there yet. But it feels closer all the time.