Is the Skills Gap a Myth?
Summary
The most recent Federal Reserve Bank Beige Book describes tight labor markets across the board, with worker shortages in numerous industries. Some employers are finding ways to tap this treasure trove of experience and knowledge by fostering mentor relationships or hiring boomers as consultants to provide guidance as the company shifts responsibilities to the younger generations of workers. From processing insurance claims to distinguishing between a healthy and mutating cell or spotting a camouflaged soldier on a distant battleground — AI is well-suited to catch discrepancies prone to human error or limitations. So much is happening with AI right now that the demand for machine learning engineers, data scientists, cybersecurity experts and AI-savvy health researchers is greater than ever before. One great thing about a global economy is that both employers and employees benefit from a cross-pollination of skills, competencies, knowledge, and perspectives that span time zones and borders.
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