Paul it's job's day let's talk jobs and
not the highfalutin numbers that are big
and robust but on the ground what is it
like for somebody who's looking for a
job what is it like when they're trying
to get a pay raise and to answer some of
those questions
let's bring in Harley Lippmann chief
executive and founder of Genesis 10
based in Miami Beach Florida and New
York Harley thank you so much for
joining us so I you know in light of
today's incredible jobs number at least
on the top line let's dig into wages can
you give us some feeling of why we're
not seeing more of an acceleration in
wages well there is a trend I mean we
just did go up it went up about about 3%
and I think it's continuing it's just
basically it's a catch-up so I think
wages will continue to rise and then as
I think you've probably been hearing
everybody's very optimistic about the
jobs reported and we are in a very
stable and growing economy and all the
fundamentals are good we don't have any
of the bubbles that existed in 2001 or
in 2008 the only concern I'd raise is
that in the second half of this year I
could see that inflation could go
slightly over 2% so that's a little bit
of a contrarian view if I may say so the
near term trends Harley are obviously on
the employment front wages front are
very solid longer-term however there is
a very interesting report that came out
at the World Economic Forum that
suggested that if you want to keep
employed and gainfully employed and at
the higher end of employment there's
gonna need to be a tremendous amount of
rescaling upskilling continuous
education in order for folks to continue
to participate in the economic growth
globally do you think the u.s. is
prepared for such a scenario not at all
it's really stunning when you think
about it how most American companies
that have been polled have said they
can't even get their products out to
market that they can deploy their own
technologies to move forward because
they can't find the people with the
right skills so we're really flat-footed
right now
really completely unprepared for this
and since you mentioned World Economic
Forum they calculated that about 75
million people will be displaced
worldwide through automation and that's
only in the next few years that's
between this year in 2020 so now that's
the bad news but the good news is that
it'll be probably at least 133 million
new roles created so an example could be
the horse and a buggy when the car came
along a lot of jobs were lost by people
who made the buggy and took care of
horses but we thought it with with the
assembly line and with preparing and
building and working on parts for cars
more jobs were created so while a lot of
people have early fears I think overall
progress will create more jobs
ultimately and a better life for
everyone so Harley Genesis 10 is one of
the nation's largest IT services and
staffing firms you have a pretty good
view into that entire industry where is
the fastest job gained right now where
where are you seeing the most active
hiring well clearly on the IT side
software developers testers QA people
people who learn about or learn about
cybersecurity is always going to be hot
and big are the AI artificial
intelligence robotics automation huge
future in that that's where the jobs are
so hardly given that that's where the
growth is and that perhaps the workforce
is not adequately trained for some of
these new jobs over the next 10 15 20
years what do you think you know
industry needs to do to train up this
workforce what kind of incentives do you
think are needed to ensure that we have
that workforce of the future well I
think one it's going to be teamwork all
the way around so the government has to
offer the right incentives tax
incentives which I think they really
need to do and also I think you need to
have probably the pulling of I'm sorry
tax incentives why wasn't the tax cut
enough to do that well this would be
very
tax incentives relating to training so
the tax cut didn't address that but
we're dealing with our workforce and I
think that if you also I think you'll
need to pull resources businesses will
order need to work together to be able
to create all kinds of training programs
both in government and in business and
most importantly training people while
they're in schools so they learn and
understand what skills are needed for
them to have gainful employment when
they when they graduate and those
policies from your perspective are not
they're not at all very good that's a
role that that's something that's gonna
certainly need to be addressed so hardly
Lippman CEO and founder of Genesis 10
joining us on the phone from Miami Beach
