In the past, you had one job and one career the rest of your life, the average employee changed jobs every 25 to 30 years. But what you learn in college today will be obsolete and antiquated tomorrow because the teachers are not out there practicing and applying this new technology. In the corporate world, the largest amount of money is spent training people how to use this new technology as it comes out every 6 months to a year. More skilled labor is being farmed out due to technological computer advances and advanced telephony that is reducing the cost of transporting information over greater distances. Corporate America is looking for this trained labor pool.
Labor is capital.
Trained labor will get them three times the return on the amount they are spending. The biggest factor in unemployment today is not a question of jobs for people, it is locating people for the jobs. There they would solicit the jobs that are available from the employers. The applicant could then shop for a job via their computer or TV in the near future, once fiber optics are installed. The same scenario would be true for the individual who is looking for a job.