China to ban college majors where 60% of graduates cannot find employment over a two year period. Atleast we won’t be hearing about Chinese sociology majors taking jobs from hardworking American sociology majors. While undoubtedly radical, the story flags a disturbing skills gap we face in America. While 14MM seek employment, 3.2MM jobs go unfilled at an annual economic value of $100B. We discussed this and more on Tuesday’s Power and Money with David Asman.
The Book
The Entrepreneurial Instinct (McGraw-Hill, Sept 14 2012)
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