Experts Warn Biden's Trashed Markets Could Permanently Hobble American Economy

The bigger problems are that there are too many job openings, too few workers and too few developed workers.

If workers do not have the proper training, then they are less productive and unable to take on more responsibility - which means that companies have to try to find more workers for more positions.

"Prior to the pandemic, the U.S. spent just 0.03 percent of its GDP on worker training That's less than a third of what OECD nations spent on average, or 0.10 percent," Politico reported.

For every one worker, there were two job openings in March, Politico reported.

Many workers who need jobs say that they do not have the skills necessary.

"Nearly half of unemployed adults looking for work say a lack of skills or education make it hard for them to maintain work or get better jobs," Prestigious Scholarships reported.

"Industries are having troubles getting workers right now; a lot of that is that they're not skilled up or are trained to do work in those industries, because they've left and gone to other industries," Labor Secretary Marty Walsh said, according Politico.

https://thefederalistpapers.org/us/experts-warn-bidens-trashed-markets-permanently-hobble-american-economy