Some of this panic is overdone—and linked to the business cycle: there was much ado about "a war for talent' in America in the 1990s, until the dotcom bubble burst. People often talk about shortages when they should really be discussing price. Eventually, supply will rise to meet demand and the market will adjust. But, while you wait, your firm might go bust. For the evidence is that the talent shortage is likely to get worse.
Nobody really disputes the idea that the demand for talent-intensive skills is rising. The value of "intangible" assets—everything from skilled workers to patents to know-how—has ballooned from 20% of the value of companies in the S&P 500 to 70% today. The proportion of American workers doing jobs that call for complex skills has grown three times as fast as employment in general. As other economies move in the same direction the global demand is rising quickly.
As for supply, the picture in much of the developed world is haunted by demography. By 2025 the number of people aged 15-64 is projected to fall by 7% in Germany, 9% in Italy and 14% in Japan. Even in still growing America, the imminent retirement of the baby-boomers means that companies will lose large numbers of experienced workers in a short span of time (by one count half the top people at America's 500 leading companies will go in the next five years). Meanwhile, two things are making it much harder for companies to adjust.
The first is the collapse of loyalty. Companies happily chopped out layers of managers during the 1990s; now people are likely to repay them by moving to the highest bidder. The second is the mismatch between what schools are producing and what companies need. In most Western countries schools are churning out very few scientists and engineers—and far too many people who lack the skills to work in a modern economy (that's why there are talent shortages at the top alongside structural unemployment for the low-skilled).
In the America in 1990's there was a situation of shortage of talent, further, it was expected that by 2025 the number of people aged 15-64 will fall by 7% in Germany, 9% in Italy and 14% in Japan, moreover, in most Western countries schools are churning out very few scientists and engineers and far too many people who lack the skills.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2019-09-07 | Dangar sandip M. | 22 | view |
- Advantages and disadvantages of studying abroad 85
- Some say that music is as important as other subjects in schools to promote learning in children life. Do you agree or disagree? Give your opinion. 55
- Certain kind of music helps learning in life. Do you agree or disagree?? 55
- Some of this panic is overdone—and linked to the business cycle: there was much ado about "a war for talent' in America in the 1990s, until the dotcom bubble burst. People often talk about shortages when they should really be discussing price. 22
Grammar and spelling errors:
Line 1, column 16, Rule ID: IN_1990s[1]
Message: The article is probably missing here: 'in the 1990s'.
Suggestion: in the 1990s
In the America in 1990s there was a situation of shortage of ta...
^^^^^^^^
Transition Words or Phrases used:
moreover
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 3.0 10.5418719212 28% => More to be verbs wanted.
Auxiliary verbs: 1.0 6.10837438424 16% => OK
Conjunction : 3.0 8.36945812808 36% => More conjunction wanted.
Relative clauses : 2.0 5.94088669951 34% => More relative clauses wanted.
Pronoun: 2.0 20.9802955665 10% => OK
Preposition: 12.0 31.9359605911 38% => More preposition wanted.
Nominalization: 1.0 5.75862068966 17% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 275.0 1207.87684729 23% => More number of characters wanted.
No of words: 62.0 242.827586207 26% => More content wanted.
Chars per words: 4.43548387097 5.00649968141 89% => OK
Fourth root words length: 2.8060662633 3.92707691288 71% => OK
Word Length SD: 2.37338038319 2.71678728327 87% => OK
Unique words: 48.0 139.433497537 34% => More unique words wanted.
Unique words percentage: 0.774193548387 0.580463131201 133% => OK
syllable_count: 79.2 379.143842365 21% => syllable counts are too short.
avg_syllables_per_word: 1.3 1.57093596059 83% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 1.0 4.6157635468 22% => OK
Article: 0.0 1.56157635468 0% => OK
Subordination: 0.0 1.71428571429 0% => More adverbial clause wanted.
Conjunction: 0.0 0.931034482759 0% => OK
Preposition: 2.0 3.65517241379 55% => More preposition wanted as sentence beginning.
Performance on sentences:
How many sentences: 1.0 12.6551724138 8% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 62.0 20.5024630542 302% => The Avg. Sentence Length is relatively long.
Sentence length SD: 0.0 50.4703680194 0% => The essay contains lots of sentences with the similar length. More sentence varieties wanted.
Chars per sentence: 275.0 104.977214359 262% => Less chars_per_sentence wanted.
Words per sentence: 62.0 20.9669160288 296% => Less words per sentence wanted.
Discourse Markers: 8.0 7.25397266985 110% => OK
Paragraphs: 1.0 4.12807881773 24% => More paragraphs wanted.
Language errors: 1.0 5.33497536946 19% => OK
Sentences with positive sentiment : 0.0 6.9802955665 0% => More positive sentences wanted.
Sentences with negative sentiment : 1.0 2.75862068966 36% => More negative sentences wanted.
Sentences with neutral sentiment: 0.0 2.91625615764 0% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.115719445514 0.242375264174 48% => OK
Sentence topic coherence: 0.115719445514 0.0925447433944 125% => OK
Sentence topic coherence SD: 0.0 0.071462118173 0% => Sentences are similar to each other.
Paragraph topic coherence: 0.115719445514 0.151781067708 76% => OK
Paragraph topic coherence SD: 0.0 0.0609392437508 0% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.
Essay readability:
automated_readability_index: 30.5 12.6369458128 241% => Automated_readability_index is high.
flesch_reading_ease: 33.93 53.1260098522 64% => OK
smog_index: 0.0 6.54236453202 0% => Smog_index is low.
flesch_kincaid_grade: 23.9 10.9458128079 218% => Flesch kincaid grade is high.
coleman_liau_index: 9.36 11.5310837438 81% => OK
dale_chall_readability_score: 10.28 8.32886699507 123% => OK
difficult_words: 14.0 55.0591133005 25% => More difficult words wanted.
linsear_write_formula: 32.0 9.94827586207 322% => Linsear_write_formula is high.
gunning_fog: 26.8 10.3980295567 258% => Gunning_fog is high.
text_standard: 31.0 10.5123152709 295% => The average readability is very high. Good job!
What are above readability scores?
---------------------
More content wanted.
Minimum four paragraphs wanted.
Minimum 200 words wanted.
Rates: 22.2222222222 out of 100
Scores by essay e-grader: 20.0 Out of 90
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.