By Zoë Baird
If it was functioning well, the American labor market would do a reasonably good job of matching Americans to opportunities. Employers would be able to signal what skills they need. Job applicants would be able to signal clearly what they can do. Educators and trainers would respond quickly to gaps.
But the American labor market does not work nearly as well as it should. Credentials are out of date and often not very meaningful to employers. Job applicants have trouble knowing what skills are desired and finding flexible ways to learn them. Educators and trainers are out of sync with a fast-changing economy.