Richmond Fed’s Barkin calls for more vocational training


Tom Barkin, the president of the Federal Reserve Bank of Richmond, warned that the US labour force lacks the right workers for infrastructure regeneration.

In a post on the bank’s website, Barkin said: “The US economy doesn’t have enough production workers or skilled tradespeople.” He added that businesses across his bank’s district complain of skills shortages.

Barkin explained that the global financial crisis produced large-scale unemployment in manufacturing and construction sectors

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