David Smith on Job Training being a Valuable Tool for Managing Uncertain Job Market in Capitol Weekly

The recent fluctuations in California’s job market have led to concerns among residents about near-term job prospects and long-term careers. While the state’s economy had been experiencing positive growth for 14 consecutive months until December 2022, the start of 2023 brought about job cuts in the tech industry, leading to cross-industry cutbacks, layoffs, and rescinded job offers.

David Smith, PhD, Professor of Economics at the Pepperdine Graziadio Business School, says that education and job training are valuable tools in mitigating the impact of an uncertain job market. Acquiring job skills equips individuals with the knowledge, competencies, and qualifications sought by employers, enhancing their employability and opening up opportunities in California’s diverse economy.

Public policy in California can play a vital role. Initiatives like the Golden State Education and Training Grant Program (GSETG), which provides grants to adult learners, have already benefited thousands of Californians. However, funds were not allocated to the program in the most recent state budget but could be reintroduced in future years. Ongoing efforts and strategies are required by state policymakers to further broaden access to higher education, particularly for the under- and unemployed working-age population. 

Job seekers also play a crucial role in their own professional development by actively seeking opportunities to acquire and enhance their skills, thereby increasing their competitiveness in the job market. With that in mind, there are three proactive steps that Californians can take to enhance their near and long-term prospects.

Read the full article in Capitol Weekly.