My work on economic growth for the US Conference of Mayors has focused, in part, on labor and how to improve the skills of workers in ways that are not dependent upon the traditionally expensive classroom environment.
So I found this article by Rob Preston, Editor in Chief of InformationWeek of interest. Read it at http://www.informationweek.com/news/global-cio/interviews/232601751
It has also struck me that the labor market, especially compared to capital markets, is quite inefficient. Are people working at tasks that are the best use of their skills and temperament? How much could the economy grow if people were more optimally allocated to the needs of the market? As with other markets, the Internet may help increase the efficiency of the labor market by providing better information about all players in the market. It remains to be seen, of course, how exactly this might play out in the future.
© 2012 Norman Jacknis