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A local college, the Patrick Henry Community College, opened a two-year motorsports program with the goal of creating a pool of skilled workers.
"The feasibility and risk mitigation aspects require much greater due diligence before we make any outsourcing commitments," Mr. Nag of Lehman Brothers said, although the firm's due diligence last year showed that India had a large pool of skilled workers.
Hardscrabble places like Baltimore, Pittsburgh and Liverpool have also enjoyed revivals.In a new paper Gilles Duranton of the University of Pennsylvania and Diego Puga of the Centre for Monetary and Financial Studies in Madrid suggest that a pool of skilled workers and a diverse economy are among the best predictors of long-run success.
Western tech firms set up shop in Taiwan in the 1960s, increasing the pool of skilled workers and suppliers.Today Hsinchu Science and Industrial Park, the hub of Taiwan's IT industry, is home to about 400 high-tech companies, chief among them TSMC with its huge "fabs".
Likewise, the institutions creating new white-collar jobs – like Johns Hopkins' with its investments in biotech – are by and large drawing from a national and international pool of skilled workers and not necessarily changing the game for native-born Baltimoreans, who are often under-educated.
The OECD's Andreas Schleicher warned of a shrinking pool of skilled workers.
Similar(48)
Grouping together in the same place is supposed to help small firms remain competitive, as management gurus such as Michael Porter have argued, since they can tap the deep local pools of skilled workers, finance and suppliers.
The limited pool of talent has made recruitment and retention of skilled workers a highly competitive process.
India has a glut of skilled workers.
Mr Abe wants to encourage the limited migration of skilled workers.
The selection of skilled workers will be more flexible, too.
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