Unemployment as a problem of education: a view of the American economist P.Z. Pilser

The rapid growth of unemployment in the United States started after the Great Crash of 2008-2009. The authoritative American economist P.Z. Pilzer in several published articles reflected his view of the nature of the modern unemployment, defining it as a long-term and also explained why he sees the solution to this problem in close conjunction with the educational system. Among the causes of rising unemployment, the author calls not only changing social requirements for the competencies of the workforce due to technology, but also took place in the United States in innovation stagnation in the first decade of the 21^st century as well as the dismantling of large corporations and changes on the "first job market". No significant changes in product quality and productivity in 1999-2008 allow P.Z. Pilzer call this period of stagnation of innovation. Growing at this time, unemployment was caused by the inability of many companies to provide its clients with new or improved products and services and thus save them. "In fact, a large portion of unemployment that we experience today, is actually a permanent dismantling of many of our major corporations as they compete with small companies and individual entrepreneurs", - P.Z. Pilzer contends, referring to the theory of the "transaction costs" of the Nobel Memorial Prize in Economics in 1991 Professor Ron Coase. Much of the unemployment today is actually the permanent dismantling of large organizations in favor of smaller entrepreneurial units, said P.Z. Pilzer. Today with the help of the Internet, computers inexpensive telephone communication, the "transaction costs" of individuals in business are insignificant. The current trend towards decentralization of large firms enables P.Z. Pilzer conclude that we are entering the era of the entrepreneur. Home businesses-one of the fastest growing segments in the U.S. economy, and this trend will continue as the era of corporations that began almost a hundred years ago, will give way to the era of the entrepreneur. New trends of modern unemployment - its growth on the "first job market" for newly-minted college graduates, and the emergence of a small number of vacancies for graduates at starting salaries from $60 000 to 120 000. Good writing skills and excellent technical skills of graduates allow companies to reduce costs and increase productivity, therefore they are worth ten times more than the average student, alleges P.Z. Pilzer. The retraining of the unemployed has the potential to become one of the greatest business opportunities of our time, considers P.Z. Pilzer. When the Government will introduce a mandatory condition of retraining to get unemployment benefits, there will be entire industries, offering training and development programs. In General, the P.Z. Pilzer looks at unemployment as the indicator of economic development and an instrument of influence on his process. Unemployment, he said, while it is painful for the workers, is a necessary and positive sign that the economy is growing.

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