And when a skill typically learned in college would be required for a specific job, companies could increase the resources spent on employee training.
They would probably just whine about lack of qualified people, and maybe argue for immigration of skilled workers. And try to poach each other’s experienced employees (which is perfectly okay).
The only part I disagreed with...
They would probably just whine about lack of qualified people, and maybe argue for immigration of skilled workers. And try to poach each other’s experienced employees (which is perfectly okay).
True. I still think that market solutions would arise. Income Sharing Agreements (ISA) in particular seem promising for this kind of situation.