Laszlo Bock Moves On ....
This is big news
.... be interesting to see what he does next.
A lot of unemployment evolves from information asymmetry, meaning I have a taxonomy of skills and abilities that are hard to articulate, and resumes don’t do a good job of capturing them. Employers have a set of jobs, but are terrible at both articulating what they need, and actually filtering candidates.
If you can somehow bridge that information gap, and better match people with jobs, in the short term you can get a lot of people jobs that don’t have them. But in the medium term, you can do really interesting things. If you’re a welder in Detroit, we can say you should go to nursing school and move to Atlanta, and this is the program you should go to, because this nursing school is correlated with people getting jobs. And Atlanta has the most growth in that area.
It’s very interesting stuff. But that’s all a little in the future.