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by trod1234
306 days ago
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Its pretty clear there will be a crisis in these skills from just a structural point of view. Career development is a sequential pipeline that sieves people. If you've as an industry blocked the pipeline saying we don't need these people, time passes and those people who had to invest to get to that point abandon the bad investments, and you get no new people coming in. People leave such industry because of burnout, and aging/retirement/death. The dynamics created are one of a deflationary sieve where the front-loaded cost savings becomes a back-ended cost sink. Tthe demand and related cost of the professionals is recognized at a point where there is great need but they can't be found at any cost. In system's engineering we call this Hysteresis whipsaws, Mises might call this the first early stages of the Economic Calculation Problem. |
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