Conjuring a High-Tech Labor Shortage

by Stan Sorscher

Stan Sorscher

Stan Sorscher

We hear two views about the high-tech work force.

On one hand, employers warn of a dire labor shortage. On the other, recent high-tech graduates can’t find jobs. Many face crushing student loans that they may never pay off. Mid-career high-tech workers are steadily being let go. Discouraged mid-career workers take lower-paid service jobs after months of searching for a job as good as the one they lost.

Employers get plenty of applications, but they can’t find “qualified workers.” Peter Cappelli, at the Wharton School studied this situation. He finds that employers are hiring more selectively, looking for the ideal match. It’s not enough to be able to do the job. Employers want someone already doing that exact job. Continue reading