Can you explain what you mean by the problem of job training?
You mean job vs. career vs. calling?
If by “job training” you mean maximizing short-run over long-run earnings, I agree with you. But for that reason, if you move the “slider” toward a longer payoff period, then the schools will be incentivized to teach more fundamental skills, not short-term “job training”.
On the other hand, sometimes people just need to get their foot in the door to get up and running. As they accumulate savings, on the job experience, professional networks, etc. even a good “first job” can give a lifetime boost.
A lot of people I grew up with have the “cold start” or “failure to launch” problem, where they never get into a good-enough paying job and just spin their wheels as the years go by, never gaining traction. For them even getting a foot in the door will get the ball rolling.
Can you explain what you mean by the problem of job training?
You mean job vs. career vs. calling?
If by “job training” you mean maximizing short-run over long-run earnings, I agree with you. But for that reason, if you move the “slider” toward a longer payoff period, then the schools will be incentivized to teach more fundamental skills, not short-term “job training”.
On the other hand, sometimes people just need to get their foot in the door to get up and running. As they accumulate savings, on the job experience, professional networks, etc. even a good “first job” can give a lifetime boost.
A lot of people I grew up with have the “cold start” or “failure to launch” problem, where they never get into a good-enough paying job and just spin their wheels as the years go by, never gaining traction. For them even getting a foot in the door will get the ball rolling.