New National Survey, continued

10 Apr

I’m not sure the article linked to by @doctornorman in his latest post makes a particularly effective case for the importance of liberal arts. One might argue that one can gain the ability to give a presentation or understand the connection between the classroom and the real world most through business-school coursework. However, I did think that Peter Capelli, one of the business writers referred to in the comments section following the article, had some interesting things to say in the Harvard Business Review, the most important of which was:

“Companies regained profitability during the recession with a relentless squeeze on costs, and most of that squeeze was associated with labor. We know, for example, that employers are spending far less to recruit and hire a candidate than before the recession, which may make it harder to find the right person.”

To translate into laypersons’ (or English majors’) language: this means that employers aren’t willing to hire someone inexperienced, because they no longer have the funds (or are willing to allocate funds) to train a new employee.

This idea is corroborated by how many people get hired out of internships–as we heard about at the internship panel on Monday, the internship is increasingly becoming a path to employment. I believe the internship has become the new training academy.


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