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Edited on Mon Jul-11-11 08:33 PM by Better Believe It
President's Jobs Council Says Workers Are The Reason They're Jobless: It Tells Obama That More Training Will Cut The Unemployment Rate By Richard McCormack June 20, 2011A good portion of unemployment in the United States is being caused by workers themselves, according to President Obama's Jobs and Competitiveness Council headed by General Electric CEO Jeffrey Immelt. The problem is not so much the shortage of jobs, but a shortage of trained workers, engineers and skilled foreign immigrants who could fill the few jobs that might exist, Jobs Council members told President Obama on June 13. This is especially true in the manufacturing sector, which has lost 5 million jobs over the past decade. The Jobs and Competitiveness Council's remedy for this problem: increase training in CNC machining and advanced production. The Council's plan would generate a grand total of 2,000 jobs in the first year. It is estimated that the country needs to generate 21 million jobs to get to full employment. The Jobs and Competitiveness Council is recommending that the federal government start a pilot project with technical colleges nationwide. If the pilot program spreads to a half a dozen states, then the Jobs Council says the number of jobs created in the second year would be 4,000. Another jobs prescription presented to Obama during the meeting was increasing immigration of foreigners with graduate degrees and Ph.Ds. The Obama administration was asked to adopt a "premium processing" system for educated foreigners so that they could quickly receive Green Cards. The administration should also support legislation that would staple a Green Card to every foreigner receiving a Ph.D. in the sciences and engineering from a U.S. university. "The impact on jobs is big," said Paul Otellini, President and CEO of Intel Corp. "Every one of these people we can bring into the workforce -- their skill sets, patents, new companies -- creates five jobs around them, so for every one we bring in we get five jobs. This is a big deal."
There was no discussion on how to create more jobs for American engineers, computer scientists, programmers and other technology specialists who are currently unemployed.
Read the full article at:
http://www.manufacturingnews.com/news/11/0620/jobscouncil.html
Jobs and Competitiveness Council Subcommittee Members
Entrepreneurship
Steve Case, Chairman and CEO, Revolution; Chairman, Startup America Partnership John Doerr, Partner, Kleiner Perkins Caufield & Byers Dick Parsons, Chairman, Citigroup Sheryl Sandberg, Chief Operating Officer, Facebook Robert Wolf, Chairman, UBS Americas Austan Goolsbee, Chair of the Council of Economic Advisers
Innovation and Biotechnology Sector
Mark Gallogly, Cofounder and Managing Principal, Centerbridge Partners A.G. Lafley, Former Chairman and CEO, Procter & Gamble Eric Lander, Director, Broad Institute of MIT and Harvard; Co-Chair, PCAST Antonio Perez, Chairman and CEO, Eastman Kodak Corp. Valerie Jarrett, Senior Advisor to the President Mike Strautmanis, Counselor to the Senior Advisor for Strategic Engagement
Energy Innovation and Smartgrid
Jeffrey Immelt, Chairman and CEO of GE Lewis Hay, Chairman and CEO of NextEra Energy Gary Kelly, Chairman, President, and CEO of Southwest Airlines Brian Roberts, Chairman and CEO of Comcast Secretary of Commerce Gary Locke
Workforce Training and Skills
Roger Ferguson, President and CEO of TIAA-CREF Joseph Hansen, International President of UFCW Monica Lozano, CEO of impreMEDIA Darlene Miller, Pres. and CEO of Permac Industries Penny Pritzker, CEO of Pritzker Realty Group Melody Barnes, Dir. of the Domestic Policy Council Don Graves, Department of Treasury
Manufacturing
Ellen Kullman, Chair and CEO, DuPont Paul Otellini, President and CEO, Intel Corporation Matt Rose, Chairman and CEO, BNSF Railway Laura Tyson, S.K. and Angela Chan Professor of Global Management, Haas School of Business, UC Berkeley Fred Hochberg, Chairman and President, Export-Import Bank of the United States Karen Mills, Administrator, SBA
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Obama's Jobs Council, Stacked with Business Honchos, Offers Nothing But Political Theater The administration's latest proposals flow from a fundamental misdiagnosis of the jobs problem we face. By John Schmitt July 5, 2011
In the run-up to his most recent State of the Union address, President Obama announced a "President's Council on Jobs and Competitiveness" as part of efforts to demonstrate his laser-like focus on jobs. In an interim report in mid-June, the council made a set of "fast-action" recommendations, which the president trumpeted in a set-piece economic speech at a high-tech manufacturing facility in North Carolina.
We have over 14 million unemployed and almost 25 million "underemployed" workers because employers have no markets for their goods and services --and therefore no need for workers to produce them. The bursting of the housing bubble wreaked havoc on family finances, leading Americans to cut back their spending. In a chain reaction, businesses cut hiring and investment, and the economy went into a tailspin. The only thing that kept the economy from falling off a cliff were the efforts of the federal government to make up for part of the catastrophic drop in demand.
Yet the collapse in demand does not feature at all in the Jobs Council's analysis or in any of its recommendations. Instead, the council mostly places the blame for the lack of jobs on workers and the government. Workers lack the skills for advanced manufacturing jobs, health-care positions and engineering jobs. The government impedes job creation by putting "red tape" in the way of construction and infrastructure projects, by blocking entrepreneurs from immigrating to the United States and by making life difficult for small businesses seeking financing or access to foreign markets.
The scuttlebutt in policy circles is that the Jobs Council is just a bone the Obama administration has thrown to its business critics. Twenty-two of the 26 members are business leaders taken from the highest echelons of business. The composition of the council and the timidity of its recommendations certainly supports the view of the council as a sop.
Read the full article at:
http://www.alternet.org/economy/151524/obama%27s_jobs_council%2C_stacked_with_business_honchos%2C_offers_nothing_but_political_theater__/?page=entire
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