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Apart from "packing donuts" type jobs, most jobs require some degree of knowledge and skill. Some jobs have higher knowledge half-life than others. While IT has
by friendzis 9y ago
Apart from "packing donuts" type jobs, most jobs require some degree of knowledge and skill. Some jobs have higher knowledge half-life than others. While IT has notoriously short knowledge half-lifes, construction has rather long half lifes.
Suppose that we train x+y construction workers a year, x work in the industry until retirement, y - retrain to different profession. This means that there are y*years dormant specialists that can be brought back to industry.