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Funding for job retraining for Americans is 1/2 of what it used to be...

by Thom Hartmann posted Apr 9 2012 9:31AM

As nearly 13 million Americans look for a job – federal funding to retrain Americans workers and prepare them for the jobs of the 21st century are drying up.  Funding for job-training programs across the country is down 18% from 2006 – even though there are six million more unemployed Americans today.  Funding for counseling for the unemployed – like resume guidance and job interview coaching – is down 13%.   In fact – funding for job retraining for Americans is roughly half of what it used to be more than a decade ago.

So now – even though the economy is slightly improving – business are having difficulty finding Americans workers who are trained and qualified to handle the new job.  President Obama’s budget proposal called for a massive increase in job retraining programs – increasing funding to nearly $3 billion a year.  Studies show this is a good economic investment, as every dollar spent on retraining unemployed Americans for new jobs yields as much as eight dollars for the local community. 

However – multi-millionaire Congressman Paul Ryan’s Republican trickle-down austerity budget once again slashes funding for federal job retraining programs.  Under their proposal – it’s far more important to give $3 trillion in tax breaks to the super-rich than give working Americans new job skills.

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Filed Under :
Topics : LaborPolitics
People : ObamaPaul Ryan
04/10/2012 9:40AM
Funding for job retraining for Americans is 1/2 of what it used to be...
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