Thousands of New York City health care and technology jobs that require middle-level skills could be filled if companies embrace an employer-led, sector-based workforce development initiative, according to an analysis by JPMorgan Chase.
The financial powerhouse crunched data on the misalignment of jobs and skills in the two sectors as part of a five-year, $250 million New Skills at Work initiative. Among the findings: About 45% of all open job postings listed in the city between July 2013 and June 2014 were middle-skill jobs in health care and information technology.
Those health care postings go unfilled for more than a month, compared with a few weeks for entry-level positions. Analysts estimated there will be 44,000 new job openings annually for middle-skill workers in the city over the next five years.
The health care and technology sectors both have a strong concentration of high-demand, high-growth, middle-skill occupations. There are about 423,000 health care workers in the city, with a projected 14% growth rate over the next five years. In the technology sector, middle-skill jobs account for 16% of all of middle-skill job postings in the city, or about 8,100 jobs.
Maybe if middle class residents weren't taxed to death and had housing they could afford, they'd fill these jobs faster.
Duh.
13 comments:
Billionaires, such as myself and my fellow billionaire Mike Bloomburg, would like to hire folks with middle-level skills.
But we just don't want to pay the unreasonable salaries that these people are demanding!
Don't you folks realize how difficult it is today to be a billionaire? Just last year, I spent $30 million dollars to buy the homes of my 4 adjacent neighbors in Palo Alto. Aren't I entitled to some privacy? I'm a BILLIONAIRE!!! I don't want to live close by other people like you folks in NYC do in your apartment buildings.
Anyways, Mike Bloomburg and I have found a solution to our dilemma - We are going to continue to advocate for increased H-1B visas, so that we don't have to pay high salaries to all you lazy Americans. Mike and I love bringing in foreign workers so that we can pay them less money than we pay you folks!
It ain't easy being a billionaire these days folks!!!!
I think a lot of job postings are completely unrealistic in the tech arena.
I see job listings that used to require 2 - 3 people to fill.
Employers are completely delusional in their demands these days - they're looking for people with multiple skills sets - each of which might take 3 - 5 years to develop.
It would be akin to looking for a bus driver with 5 years of trucking, and airplane piloting experience - and all on the latest technology!
These companies are just cheaping out! And the pay offered is insulting!
It's one thing to use FaceBook - it's another thing to develop FaceBook!
Maybe if middle class residents had skills, the jobs would be filled. It has nothing to do with tax policy.
That really is a dumb statement. It's middle class people that fill tech and medical jobs.
As long as you have a school system whose ultimate aim is to have every child become a human calculator for problems that business computing have completely taken over over 30 years ago, and writing academic social commentaries on Dickens, headed for 4 year degree programs, then this problem is going to get worse.
Sane career and technical education options should exist for all students at an earlier age, along with targeted continuing education opportunities to retool when necessary. Hate to sound like a liberal sissy, but, Eurozone countries get it right on this one.
I think a lot of job postings are completely unrealistic in the tech arena.
I see job listings that used to require 2 - 3 people to fill.
Employers are completely delusional in their demands these days - they're looking for people with multiple skills sets - each of which might take 3 - 5 years to develop.
It would be akin to looking for a bus driver with 5 years of trucking, and airplane piloting experience - and all on the latest technology!
Those are HR scare tactics to deter people who inflate their resumes. If you're capable with code or system administration, and a are quick learner, with at least one particular strength a company needs, you shouldn't have a terribly difficult job finding something in NYC. And if you are, let me know, because I'd be glad to get the referral bonus by helping to place you.
With higher skill levels come career mobility and the same salary goes farther in a lower-tax area -- like almost anywhere outside of NYC.
People who can, move.
To My Favorite Delusional Gazillionaire - Mark Zuckerburg:
Thank you for having the cojones to explain to us "little people" how great minds such as yourself and Bloomturd really think!
I myself have personally enjoyed working alongside many H-1B visa recipients over the years.
As I recall - both the Indians and the Russians stank, and the Asians needed to be micro-managed. And not one of them could craft a decent document in English, forget about commenting their code, and - oh yes - those from Eastern Bloc countries had THE WORST WORK ETHIC YOU'VE EVER SEEN! They were always in the kitchen on a tea break - must be a communist thing!
So - sorry - but I have to disagree with you about getting the most bang for your buck by importing foreigners. Americans are MUCH, MUCH more productive!
So why don't you and Microsoft and Google and Oracle try hiring a few!!
They're left unfilled because of a lack of skills, not tax policy. How is that a dumb statement? If there were more people available with the skill set to work in these in demand positions, they would go unfilled.
" If there were more people available with the skill set to work in these in demand positions, they would go unfilled."
That's because the people with that skill set are leaving because they can't afford to live here anymore, not because they're dumb.
Queens Crapper you could not possibly give a more intelligent answer. Too bad the Superiority Complex People wiil not understand it.
I have worked in IT for years. There's such a thing as supply and demand. I can create many jobs right here - I'll pay minimum wage to several incredibly hard working computer experts out of my own pocket to work 60 hour weeks where they're oncall 24/7. No takers? Well I guess I just added some more "unfilled jobs" to the ones that are out there.
The truth is that some of this demand is bogus. It's like me planning a crummy movie, on an set and working environment which will be unpleasant, where I will be paying everyone SAG minimum wages, and then passing on anyone who isn't of the likes of Brad Pitt. If these people doubled their salaries, and made working conditions decent, would they be able to find people? Yes, easily in most cases. So there's no supply problem, they would rather just wait to see if they can get someone good cheap rather than pay what could get them someone good quickly.
I disagree that housing costs and taxes are making IT people move. Where are they going to move TO to get good IT jobs? New York is the best place in the US after San Francisco for IT - not only for Wall Street jobs, but the startup scene here (Union Square Ventures, Tumblr, Meetup.com, Stack Overflow etc.), Fortune 500 company work, satellite offices of Google etc. And Bay area housing prices are crazier than New York prices.
Also, I have to pay a huge chunk of federal taxes no matter where I live. New York City and New York state taxes are small in comparison to that. If the purpose was avoiding taxes, I'd be thinking of leaving the US before I thought about leaving NYC.
If you go over to Queens Village almost every Hindu works for N Shore LIJ. They work all sorts of crazy hours for low pay (considering the high stress jobs they have) It seem the have no problem living 3 per bedroom and never complain.
I no longer see white American's working in hospitals
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